Aspora (Vance) 5.2.5

Aspora - Send Money to India

Aspora positions itself as a leading money transfer application for Non-Resident Indians (NRIs) in the European Union. The app has garnered attention for offering transfers at competitive Google rates, accompanied by a flat fee of €3, which is claimed to be one of the lowest available in the market. This makes Aspora an appealing option for those seeking to manage various financial obligations, such as sending money to family, paying utility bills, or depositing funds into NRE/NRO accounts.

Here are some reasons why over 400,000 NRIs have chosen Aspora:

• Transfers at Google rates
• Consistent flat fee of €3 with no hidden charges
• Prompt and reliable transfer service
• 24/7 customer support availability

Key features of the Aspora app include:

1. Google Rate Transfers:
   • The application offers transfers based on the prevailing Google rates, ensuring that users receive the same amount in Indian Rupees as advertised.
   • Users can expect favorable exchange rates compared to other established services such as Remitly, Wise, and HDFC.
2. Transparent Pricing:
   • Aspora promises no hidden fees, operating on a flat transfer cost of €3 for any amount sent to India.
   • The platform provides a clear breakdown of costs upfront, eliminating the risk of unexpected charges.
3. Diverse Payment and Payout Options:
   • Users can transfer money directly to numerous Indian banks, enhancing flexibility and accessibility.
   • The option to send money directly from various EU bank accounts simplifies the process for users in different countries.
4. Security and Trust:
   • Aspora employs advanced encryption technology to safeguard user data and financial transactions.
   • The platform is compliant with relevant financial regulations and partners with reputable institutions to ensure high security standards.
5. User-Friendly Interface:
   • The app boasts an intuitive onboarding process that allows users to create accounts quickly.
   • One-tap transfers facilitate a seamless user experience, making money sending straightforward and efficient.

The Aspora app also features in-app rate alerts, providing users with notifications when favorable rates are available for transfers.

Aspora facilitates money transfers from various countries, including:

• United Kingdom (GBP to INR)
• United Arab Emirates (AED to INR)
• Countries across Europe such as Germany, France, Netherlands, Portugal, Spain, Ireland, and Italy (EUR to INR)

With over 400,000 NRIs reportedly saving cumulatively over ₹50 crores in fees, Aspora appears to be a significant player in the money transfer space. It is important to note that Aspora currently accepts only local bank account-to-account transfers from the UK and does not support wire transfers like SWIFT or CHAPS. Additionally, delivery speeds may vary based on circumstances.