At Profee, we often receive requests for making our service accessible in new countries and making fast and beneficial transfers available for more people is our top priority. We proudly announce that now our clients can send Profee transfers to India.
We offer fast money transfers to bank accounts, allowing our customers to choose the convenient payment method (from a bank account (SEPA/Sofort), a bank card, Apple or Google Pay). To send money to India, we ask our clients to provide the name of the recipient's bank, the IFSC code, and the account number. The money will be credited in Indian rupees (INR) – exchanged for Profee's beneficial rate. When the sender enters the sum in EUR in the local currency, it is automatically converted to INR, with no hidden fees and extra charges applied.
With the new destination, we expect to meet the demands of many of our customers and reach new clients: according to Pew Research Center stats, most of the world's expats originate from India. Even though a large share of Indians choose Gulf states as their destinations, many of them prefer building up careers in the EU. High-qualified specialists from India find Europe attractive and enjoy work-life balance, healthcare and safety there.
Furthermore, according to the World Bank data, the remittance inflow to India was to reach 100,000 mln USD (estimated) by the end of 2022. This sum makes for almost 3% of the country's GDP.
As Profee combines cutting-edge technologies and a human-first attitude, we are sure that our smart, safe and hassle-free transfers will soon become popular among expats from India.
