In this Post
Western Union
TransferWise
MoneyGram
Xoom by PayPal
WorldRemit
The twenty-first century is the era of technology, which has made our lives easier than ever. You can now order food and groceries, hire a cab, pay bills, and even transfer money online, thanks, in part, to the availability of technologies like smart devices and high-speed internet. You can even wire transfer or send money online to other countries. So, if you are an overseas Pakistani who is looking for the best ways to send money online to Pakistan, then we’re here to help. In this blog, we’ll discuss some of the top international money transfer companies and how to transfer money online to Pakistan through them.
Let’s get the ball rolling!
Send Money Online to Pakistan With These Top International Money Transfer Companies
The electronic portals that have been widely used to receive foreign remittance in Pakistan are as follows:
- Western Union
- TransferWise
- MoneyGram
- Xoom by Paypal
- WorldRemit
Western Union
Western Union is one of the most popular international money transfer companies. It is headquartered in Denver, Colorado in the United States. Western Union has partnered with different financial services and banks around the world. The services it offers include person-to-person money transfer, business payments, and commercial services.
So, how to transfer funds online to Pakistan using Western Union? Let’s get you through the process in a step-by-step manner.
How to Transfer Money Online to Pakistan Using Western Union
- First of all, you need to create an account to make online payments through Western Union.
- Fill out a registration form with your personal information including your email address.
- The verification link will be sent to your provided email address.
- You may need to verify your email address before you start to make online payments through Western Union.
- Note: In some countries, you may have to visit your nearest Western Union outlet or franchise and verify your national identity to complete registration.
- There are three ways to send money online through Western Union in a matter of minutes. We’ll discuss them all one by one.
Cash Pickup
- Log in to your account.
- Choose your country, desired amount, and delivery method (cash).
- Enter the receiver’s name.
- Pay with your debit/credit card.
- You will receive a confirmation email with a tracking number.
- It’s called the Money Transfer Control Number (MTCN). Share it with your receiver for pickup.
Bank Transfer
- Log in to your account.
- Choose your country, desired amount, and bank account as your delivery method.
- Enter the receiver’s name.
- Pay with your debit/credit card.
- You will receive a confirmation email with a tracking number.
- The money will be transferred to the receiver’s bank account.
Mobile Wallet
- Log in to your account.
- Choose your country, desired amount, and mobile wallet as your delivery method.
- Enter the receiver’s name.
- Pay with your debit/credit card.
- You will receive a confirmation email with a tracking number.
- The money will be transferred to the receiver’s mobile wallet.
- The maximum amount you can send in a single day with Western Union is $3,000
Charges of Western Union Money Transfer to Pakistan
The minimum amount you pay to send money online to Pakistan using Western Union is $3.59. Charges may vary from country to country and depend on the service you’re using. This is how to send money online to Pakistan using Western Union.
TransferWise
TransferWise is a UK-based firm. It is one of the top international money transfer companies in the world. Catering to over 750 currency routes around the world including PKR, GBP, USD, AUD, and CAD, TransferWise provides one of the cheapest ways to send money online to Pakistan, according to its website. The very first thing you need to do in this regard is to create an account.
How to Transfer Funds Online to Pakistan With TransferWise
- Like other top money transfer companies in the world, a TransferWise account is free to open.
- Visit the website and click on the sign-up button.
- Fill in your basic details like your email address, select a password and your country. You can also sign up using your Apple Google and Facebook IDs.
- Select your purpose of account in the next phase, which is to either send, receive money, or apply for a Transferwise card.
- After selecting your desired option, you need to select whether you want a personal account or a business account.
- In the next phase, you’ll be asked with more of your personal information including your address and phone number.
- You’ll get a confirmation text. Confirm your account.
- Now, select the currency for your account. You can top it up using your debit or credit card.
- Once you have created the Transferwise account.
- In the next step, choose an amount to send.
- Add the recipient’s bank account details.
- Verify your identity (photo identification is required for large payments)
- Send money through your Transferwise account. Pay for your transfer using your debit/credit card.
- The maximum amount you can send in a single transaction with Transferwise is $100,000
TransferWise Charges
As per their website, TransferWise is eight times cheaper than bank transfers. This makes it arguably the cheapest way to transfer money online to Pakistan. The fee to send money online to Pakistan using this money transfer company is $7.71. The mentioned fee is charged on the transaction of $50. It may vary according to the amount sent. This is how to send money online to Pakistan through TransferWise.
MoneyGram
MoneyGram is counted among the top money transfer companies in the world. It is based in the United States and has partnered with financial agencies and banks around the world. It facilitates users by providing services like money transfers, money orders, and bill payments. You can make online payments through MoneyGram by signing up for it. Let’s find out how to do it.
How to Transfer Money to Pakistan Using MoneyGram
- Go to the MoneyGram’s official website and click on the sign-up button.
- Provide your email address and a unique combination of characters as your password.
- Click on the ‘Next’ button to get to the next page.
- Now enter your personal information including your name, date of birth, and address. Fill up the field and click on the ‘Create Profile’ button.
- Once you set up your account, you can easily make online payments through MoneyGram.
- You can create a list of receivers on your MoneyGram account. Select an existing receiver or you can add details of a new receiver other than your list.
- Add the amount you want to send.
- Select your mode of payment. It can either be a debit/credit card or your bank account.
- This is how to transfer money to Pakistan using MoneyGram.
- The maximum amount you can send in a single transaction with MoneyGram is $10,000
MoneyGram Charges
The minimum fee to send money to Pakistan online using MoneyGram is $1.99.
Xoom
Paypal may not be available itself in Pakistan but Xoom is, which is its subsidiary service. It is a popular international money transfer company. You can easily use it for sending money online to Pakistan. Let’s find out the complete step-by-step process to make online payments through Xoom.
How to Send Money to Pakistan Using Xoom by PayPal
- Log on to Xoom’s official website.
- Select the country you want to send funds to.
- Select your desired amount in your chosen currency to make online payments through Xoom
- In the next step, you need to choose from two options: bank transfer and cash pick up. Choose it as per your receiver’s convenience.
- Before you further continue with the process, you need to log-in or sign-up for your Xoom account.
- Simply fill out the sign-up form with your basic personal details.
- You’ll get a confirmation email, after which your account will activate.
- You need to connect your Xoom account with your debit/credit card or your bank account to transfer funds to Pakistan.
- Enter your desired amount, the receiver’s details and that’s it.
- You’ll get a confirmation email once the payment is transferred.
- The maximum amount you can send in a single transaction with Xoom is $10,000
Xoom Charges
The minimum fee to transfer funds to Pakistan is $4.99. However, the transfer fee is waived off on online money transfer to Pakistan above $1,000.
WorldRemit
Founded in 2010, WorldRemit is one of the top money transfer companies in the world, directly competing with TransferWise. As of 2018, it had around 3 million active users. WorldRemit is one of the most popular options to receive foreign remittance in Pakistan. Let’s find out the procedure of sending money online to Pakistan through WordRemit
How to Transfer Funds to Pakistan Using WorldRemit
- The process begins with selecting the country you want to send money to
- Select the money transfer means you wish to use. WordRemit provides the receiver with three options: bank account transfer, a mobile money account, or a cash pick up.
- Enter the amount you desire to transfer.
- Then, you will navigate to another page
- Now, create a WordRemit account, in case you don’t have one. You may require to enter your basic personal information like your address, email, and phone number.
- In the next step, add your recipient’s details. You can either choose from an existing receivers’ list or you can add a new person.
- Choose how you want to pay. You have payment options like a bank account or a debit/credit Once the online money transfer to Pakistan is made, you’ll receive an SMS alert as well as email regarding the completion of the transfer.
- This is how to transfer money to Pakistan using WorldRemit.
- The maximum amount you can send in a single transaction with WorldRemit is $5,000
WorldRemit Charges
The minimum fee to send money to Pakistan online using WorldRemit is $3.99. The charges on transfer depend on the amount you’re sending.
Now that we have discussed the top international money transfer companies in detail and how they serve as the best ways to send money online to Pakistan, it’s time for us to wrap up this piece. Feel free to reach out to us with your queries and feedback at blogs@zameen.com.
Since you’re here reading about online money transfers and international remittances, you may also be interested in reading about our detailed blog on the newly introduced National Payment System Strategy (NPSS) by State Bank of Pakistan. You may also want to take a look at our piece on different online payment and mobile wallet services operating in Pakistan.
For more informative pieces, keep following Zameen Blog, Pakistan’s leading lifestyle and property blog. Subscribe to our email newsletter to receive all the latest updates from our blog section.
