With the expansion of education, growing trade and businesses, and shrinking opportunities in local areas, the requirement of people to travel far and beyond has also expanded hugely. For various reasons, the need to send money too, to faraway places across states and nations has increased. The development of IT and adoption of the technology worldwide gave an impetus to ease all the activities. Banks were one of the first to join the bandwagon and that too with great enthusiasm.

Halo Finance is one of the highly rated companies engaged in money transaction business. Their transfers are commission-free above a minimum amount and cheaper by 4%, which is what they claim. Though the company is basically a UK based company they have an international presence and deal in a large number of currencies. Halo Financial is authorized and regulated by FCA under The Payment Services Regulations 2009. Another feature is the simplicity of operation.

HiFX is a highly regarded company engaged in money transaction business. Basically, the UK-based company enjoys an international presence and handles a variety of currencies. They have FCA approval. They pride in giving real-time exchange rate. There are constraints like minimum amount, only bank transfers, credit or debit card are accepted. Other money transfer tools are available.

Currency Direct is another well-regarded money transaction company. They offer bank beating exchange rates. The UK-based company with international presence offers very competitive exchange rates. It has a large local market knowledge which aides the end stage of money transfer. Limitations like minimum amount, acceptance in only in debit/credit cards and bank transfer are there.

Worldremit is an online money transferring company with wide approval ratings. They claim transfers to be affected in just an hour. They support promoters. They accept money online, bank account, bank transfer, and mobile money. They even have money pick up facility. One can use a smartphone also for transferring money.

World First is another UK-based company with international presence. The company is one of the fastest. The company has FCA approval also. The company offers a plethora of specialized services like a fee-free transfer for individuals and best exchange rates etc., specialized services for business, for online sellers and the like.
PayPal is another player in the field. It is an online platform, and the maximum amount per transfer is as high as $10,000. Specialized services for individual and business are offered. The operation is simple and consists of signing in, linking the credit/debit card activated for online international payment, pay and check out. One can use their website or mobile app.

Google Wallet is another choice for money transfer. It is synchronized with other Google services, and these make requesting money and confirmation of dispatch of money easy. The maximum amount per transfer is limited to just under $10,000. The transfer speed is in minutes and is considered the fastest.

Ria Money Transfer was started in 1987 and has grown to be the third biggest in money transfer services. Both international and domestic money transfer can be done from one place. One needs to enter the card and banking details only once. Payment and receiving options have a wide choice, and one can use the bank account, debit or credit card. Transfers are both fast and secure. The process is simple – select the country, the amount, payment mode and pay out method. The amount the recipient would get is shown in a window in the sending format. One can choose to pick up the cash too.

The Western Union is a well established and senior player in the business of moving money across the world. The company conducts money transfer in minutes and handles a large variety of currencies. The payout is usually in local currency. The company has a presence in about 200 countries and more than 500,000 agents. Visa and Master card debit and credit cards can be used for sending money to a large number of countries. Steps involved in sending money are simple. Find the location, fill in the recipient details and card details.

TransferWise is another online company which offers very low-cost money transfers. TransferWise accepts bank transfers, Debit and Credit cards. The company gives real-time exchange rates. Whatever additional charges are there it is shown separately ensuring transparent transactions. The company also provides apps both for Android and IOS.

There are more online platforms which have a widely-satisfied customer base like Xendpay, Xoom, TRANSFAST and a host of others. Users should make sure that the company is registered with the appropriate regulatory authorities or has robust security arrangements to make sure the transactions are secure and safe.