The infusion of technological advancements has paved paths for various adaptions. Undoubtedly, every business industry has had abundant innovations over the last decade. Consequently, people can now accomplish various everyday tasks with efficiency & comfort.
If you take a moment to observe the progress and developments, the outcomes are impressive, whether that’s a remittance industry, business sector, or any other private & corporate sector.
If you are an expat, you may fall into the need to manage international money transfers for your loved ones. Have you ever thought about making an international transfer of funds via smartphone or tablet? If you haven’t, it’s finally time when you can transfer your funds globally with the e-wallets.
What is an E-Wallet?
An e-wallet is an electronic modified form of your physical wallet. The only difference between physical and e-wallets is that the latter contains multiple extended facilities.
You can simply link bank account information with your e-wallet and start using it. Or either, you can also use different e-wallets from the financial institutions, such as the banking sector or remittance industry, to complete transactions.
It’s a difficult task to take your wallet everywhere. Sometimes you may even forget to top up your wallet with cash or may fall short of change to pay at the grocery store.
The availability of an e-wallet saves you from great trouble. You can simply pay by scanning a QR code or directly sending the funds into the recipient’s bank account.
What are the top E-wallets for Expats?
The era of digitalisation has solely provided ease and relief in the business processes. No doubt, the year 2022 has been a game-changer for various sectors.
If you are an expat and thinking about making an international money transfer, an e-wallet is a blessing. Some of the top e-wallets for expats are mentioned below to help you choose the best one for your remittance needs:
- ACE Money Transfer
- Western Union
- Money Gram
- PayPal- E-Wallet
Let’s have a quick overview of these digital wallets one by one.
ACE Money Transfer
The focus of ACE Money Transfer has always been on providing convenience to their customers. Henceforth, ACE offers a digital wallet compounded with technological refinements. You may need to register with the ACE Money Transfer to start using the benefits of the ACE digital wallet.
Reasonable exchange rates and secure international money transfers are distinct features of the ACE digital wallet. Indeed, all you need is to download the ACE international money transfer app, log in to your account, and start enjoying hassle-free & best international transactions.
You must be familiar with the ‘Western Union, as they have earned quite an excellent reputation in the remittance industry. Over the years, western union has been delivering impressive remittance services. Therefore, expats can also utilise Western Union’s digital wallet.
If you are an overseas expat, you can send money to your loved ones back home through the WU wallet in several countries worldwide. However, you must remember that you may have to face certain troubles in getting your transactions approved and processed based on a strict verification process associated with the service.
Money Gram is also a renowned service provider among other competitors in the remittance industry. Many expats from overseas are comfortable using international money transfer services from money gram. They do have a digital wallet option available for their customers.
So, if you are looking for the cheapest way to transfer money internationally, Money Gram is not an inadequate substitute.
PayPal – E-Wallets
The name ‘PayPal’ is recognised for international payments worldwide. If you are an expat from the European region, you may find it compatible to transfer money internationally via PayPal digital wallet. But let’s look at an essential part; the exchange rates & processing fees!
Do you have to pay a lot when you make an international money transfer via PayPal? Yes, you may have to pay transaction fees higher than what ACE Money Transfer charges.
PayPal is an online payments system that allows you to send and receive money without sharing your financial information. It operates as a payment processor for online vendors, auction sites and other commercial users. PayPal is one of the most popular online payment methods.
One of the most popular methods for transferring money online is through a service like PayPal. PayPal allows you to send money to other people with just a few clicks, and it is very user-friendly. Additionally, PayPal offers a number of security features to help protect your money.
The Bottom Line
The future era is all about making quick payments and taking enhanced control of your activities. Everyone keeps their smartphone with them. It doesn’t matter, wherever you are headed. So, it’s finally time to say goodbye to extra charges on your international money transfers.
Start using ACE digital wallet and enjoy the best exchange rates and minimal processing charges. For more details and information, feel free to visit acemoneytransfer.com today! Signup with ACE, and never miss a chance to support your friends and families in the hour of need.