When you become an expat, your life turns 180 degrees. Everything is new, and every day you learn about the things you never knew existed or tried before. One of them is online currency exchange services. Read on to find out where to exchange pounds to rupees and compare three major apps.
Why choose online currency exchange services
Wise
XE
Profee — expats’ choice
All in one table
FAQ — Where to exchange pounds to rupees
Why choose online currency exchange services
More articles for expats in the UK:
- Saving money on transfers to Pakistan.
- Best bank for joint accounts in the UK.
- Guide on ATMs in the UK.
- Best credit cards in the UK.
- UK health insurance.
You have many ways to convert pounds to rupees: bank transfers, cryptocurrency, cash pick-ups and online services. They all have pros and cons, no doubts here, but the online currency exchange services are the most balanced and widely preferred option. The reasons? Listed right below:
Convenient
- Always with you
You can convert pounds to rupees without exiting your house, which is the perfect option for introverts and busy people. Online services are accessed via computer, laptop, or phone, and as long as you're connected to the internet, they work smoothly.
Even if you're on a bus or taxi or on your way to work, a restaurant, or a bar, you'll have enough time to send money back home.
- Recipients get princess treatment
They receive more due to the best currency exchange rates, and receive money automatically. They won’t even need to download the app if you use one of the services — Profee.
Beneficial
Online services often offer the best currency exchange rates compared to bank transfers. And the rate fluctuations are less dramatic than when using cryptocurrency.
For example, when you check the XE currency rates, below the calculator, they compare their current rate to those of banks. Most of the time, it’s better.
Online services also secure low-fee money transfers. For instance, with Profee, your first transfer will be fee-free; after that, a tiny amount will be charged. And now remember your bank fees. The right choice of where to exchange pounds to rupees seems obvious.
Secure
Even before comparing ‘Profee vs Wise’, ‘Xe vs Wise’, or whatever you put around the ‘vs’, we can say that these services will be safe. They are licensed, follow international transfer security standards and care about the safety of your funds and data.
It feels much more secure than sending money to an unknown person via crypto and hoping it won't be a scam.
Okay, now that we have narrowed down the list of options of where to exchange pounds to rupees to online services only, it's time to compare them in more detail. Get ready for our ‘Profee vs Wise’ and ‘Xe vs Wise’ guide.
Wise
Wise is a popular digital bank through which you can also make money transfers. Does it offer the best currency exchange rates? Let’s see. As of July 21st, for 100 British pounds you’ll get 38,282.90 Pakistani rupees. Middle-ground option: not the best, not the worst.
Customers' real stories are the most trustworthy source of information, so we’ll collect Trustpilot reviews to compare services.
Pros
- High speed. Customers are satisfied with how fast this remittance service works.
- Easy to use. Even people who don't consider themselves tech-savvy admit that navigating the Wise app is pretty simple.
- Safe. Most transfers are securely delivered to their destination.
Cons
- Blocked accounts. Some accounts are being blocked without proper explanation, and then the customer support is not doing its job properly.
- Asking for too much information. Customers report that Wise often asks for more documents and information about the recipients, even when they transfer to these people often.
- Some transfers take way too long. Over 10 days or more, and the customer support starts investigation late.
The overall score for Wise is 4.3/5. It’s a trusted service, yet you may face some technical issues.
XE
XE money transfers have been there since 1993, the company has over 20 years of experience! It doesn’t mean that we should trust them blindly, though. Let’s see what customers have got to say about the XE money transfers.
Pros
- Clear instructions. Customers love the guidance that XE provides. It makes transfers smooth and pleasant. You can convert pounds to rupees easily.
- Great customer support. The company stays in touch with their customers throughout the process.
- Secure. Some customers have used this service for years, and its quality has never disappointed them.
Cons
- Rejected transfers. Sometimes, transfers are not accepted and returned to the sender’s bank.
- The XE currency exchange may be longer than you expect. Similarly to Wise, some transfers take days to arrive. This is not good for the urgent help your relatives may need.
- Not a full refund. Some transfers are returned only partially, so you’ll be the one losing money.
- XE currency rates could be better. As of July 21st, for 100 British pounds you’ll get 37,076.99 PKR. Remember with Wise it was 38,282.90 PKR, so the XE currency exchange rate is definitely not the best.
The trust score for XE is 4.4/5, higher than for Wise, but there is no perfect service, so you may experience a transfer delay or a loss of money. XE vs Wise — a tie.
Profee — expats’ choice
Lastly, there is Profee, your online service for sending money to over 90 destinations, including Pakistan. It’s rated 4.4/5 on Trustpilot and has over 800,000 customers. What’s so special about Profee?
Welcome offer
Send money to Pakistan at a promo rate and fee-free — it’s Profee’s first transfer gift for you. You can test the app without any extra expenses because trying something new shouldn’t be scary or costly.
Market-beating rates
What is the exchange rate for pounds to rupees at Profee? The service has the sweetest offer out of three competitors — 39,071 PKR for 100 GBP. Profee vs Wise and XE — 1:0.
You can send more to your loved ones and convert pounds to rupees beneficially. Expats who are working hard to support their families back home know the rates' importance. Keep this in mind when you decide where to exchange pounds to rupees.
Low-fee money transfers
Starting from your second transfer, the service will charge little to no fees. It feels more like tips for a waiter rather than fees. And Profee is one of the best waiters — oh, we meant services. So, download the app and unlock your low-fee money transfers.
Top security
Profee uses strong end-to-end data encryption, complies with PCI DSS standards, and monitors transfers to prevent fraud. Sending money home is safe and sound with this service. Plus, there are real people in customer support ready to help you with any question.
All in one table
If you don’t have time to read the whole article (which the author is really sad about), check this table below to quickly compare three major financial tools for sending money from the UK to Pakistan.
| Wise | XE | Profee | |
|---|---|---|---|
| Trustpilot score | 4.3 | 4.4 | 4.4 |
| Amount of PKR for 100 GBP (as of July 21st) | 38,282.90 | 37,076.99 | 39,071.00 |
| Receiving options | To bank accounts | Cash pick-ups, bank deposits | Bank accounts, Nayapay, JazzCash, Easypaisa, and more. |
| Referral programme | Yes | Yes | Yes |
FAQ — Where to exchange pounds to rupees
What is the exchange rate for pounds to rupees?
It constantly changes and varies from service to service. So, before sending money, explore different offers and see where the rates are good enough for you. Also, don’t forget about the fees and security.
What is the best app to send money from the UK to Pakistan?
Expats often choose XE, Wise or Profee. Profee stands out with its low-fee money transfers, welcome offer and great rates.
How does Profee work?
Using Profee is simple:
- Register.
- Set up the transfer: countries, the amount to be sent.
- Add your payment method.
- Then the receiving method.
- Double-check and confirm.
Can I use Wise without verification?
No, you’ll need to verify your identity to start using Wise. It may be your ID, passport or driving license. The service will specify which documents it accepts.
Can I send money to my friend in Pakistan?
Yes, you can send money to friends, relatives, business partners and others in Pakistan. Some services may ask to specify the relationships between you and the recipient.
How can I receive international payments in Pakistan?
When senders use Profee, the money is automatically credited into their recipients’ accounts or mobile wallets. There is no need to download the app or go to a bank. The recipients can start spending money as soon as it arrives.
