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What Are The Best Options For Remitting Money To Pakistan From Abroad

What Are The Best Options For Remitting Money To Pakistan From Abroad?

22 Aug 2022

Remittances are essential to a country's economy since they play a vital role in supporting the economic strength when countries begin to open up and prepare for a long road to recovery, particularly in developing countries such as Pakistan. 

Pakistan has the highest remittance value as a percentage of Gross Domestic Product (GDP) among the top remittance-receiving countries globally, with 9.9% in 2020. Several Pakistanis migrate to developing countries every year and then send money to Pakistan from abroad that aids the country’s economic strength besides supporting their families' financial needs.

It can be time-consuming to research money transfer companies and compare the best foreign exchange rates. Our guide shows you which services have transparent fees, mobile apps, and different delivery options to make international money transfers easier.

Pakistani Remittance Records 

According to the State Bank of Pakistan, the Pakistani emigrants remitted $24.2 billion in the first ten months of 2020-2021. Remittances reached a record high of $2.8 billion in April 2021, upward 56% from the previous year's same month, exceeding the World Bank's forecast.

Remittances have been counter-cyclical, meaning they have increased during economic downturns in the migrants' home countries. The increase has also been attributed to Ramadan gifts, migrant workers returning home due to the pandemic, and more people using formal channels of remitting money.

Most remittances came from Saudi Arabia and the United Arab Emirates, which sent $6.4 billion and $5.1 billion, respectively. The United Kingdom came in second with $3.3 billion, followed by the United States with $2.2 billion.

The United States is also a major sender of remittances to many developing countries, including Pakistan. According to the US Census Bureau, over 500,000 people of Pakistani descent in the US in 2019.

The Best Options To Send Money To Pakistan From Abroad

With many immigrants actively sending money back to their home countries, the developed world has a thriving remittance market. Many money transfer service providers offer advanced remittance services. Choosing the best way to send money is determined by your needs and the factors influencing the cost of money transfers.

Factors to Consider When Sending Money Abroad Include:

  • Exchange rates
  • Transfer speed
  • Transfer fees
  • Security

Although banks are a familiar and trusted option, they are typically the most expensive way to send money across international borders. Making an online money transfer to Pakistan from abroad is the most convenient option using a reliable service provider such as ACE Money Transfer.

Here’s a brief overview of some of the famous remittance transfer service providers to help you choose your desired solution

ACE Money Transfer 

ACE Money Transfer is one of the world's leading remittance service providers. It has been assisting individuals in transferring money across borders since 2002. The industry distinguishes ACE because it offers money transfer services in over 100 countries. 

ACE’s online money transfer is a one-stop solution to send money to Pakistan from Germany immediately to your loved ones – no matter where they are. When you have access to ACE's services, sending money becomes more comfortable and convenient than it has ever been. 

ACE is one of the best ways to send money to Pakistan. It accepts payments in a wide range of currencies, including: 

  • EUR Euro
  • GBP British pound
  • DKK Danish Krone
  • INR Indian Rupee 
  • PLN Polish Zloty
  • LKR Sri Lankan Rupee
  • NOK Norwegian Krone
  • SEK Swedish Krona


Wise is the handiest option for online money transfers. Using their app, you can easily create an account or make a transfer. They also offer the best exchange rates because they offer the same market rate as XE or Google and do not charge any hidden exchange rate markups.

Transfer Fee

1.82 USD + 1.45% of your amount is charged for a money transfer to Pakistan.

Exchange Rates

Wise provides you with a reasonable rate (google rate). They do not keep a margin that leads the customers to get an amount less than expected.

Additional Fees

Bank debit (ACH) is the cheapest option, followed by bank wire transfer, debit card, and credit card.

All you have to do to send money to Pakistan online with wise is;

  1. Make an online account and sign in.
  2. Enter how much you want to send and where you want to send it. Enter the information for your recipients.
  3. Use a bank transfer, SWIFT, debit or credit card to make a local US payment to Wise. 

Within a business day, your recipient will receive the funds in Pakistani rupees from Wise's local account.


Remitly is a fully licenced provider of digital remittance services. It is well-known for its competitive exchange rates and low costs compared to similar services.

You can send money from abroad to Pakistan using Remitly's website or app, using your bank account or debit/credit cards. Because there is no minimum transfer amount, it can help send smaller amounts to friends and family in your home country.

Remitly also provides a variety of options for receiving money in Pakistan. The funds can be transferred directly to a bank account in Pakistan or collected from one of the thousands of cash pick-up locations spread across the country. You can also transfer the funds to a mobile wallet.

Western Union

Western Union allows you to send cash to Pakistan in minutes from more than 55,000 agent locations across the United States, or you can send money online via the WU website or their mobile app.

You can pay for the transfer with your bank account, a credit or debit card, or Apple Pay. The money can be sent directly to significant bank accounts in Pakistan or picked up at over 9,600 agent locations.

Western Union is one of the best ways to send money to Pakistan. However, transfer fees vary and can be expensive when sending to specific locations in Pakistan.

Xe Money Transfer 

Using the Xe money transfer service, you can send money online to over 130+ countries, including Pakistan. Xe offers wire transfers to Pakistan and accepts payments via bank transfer or debit/credit card on their website or mobile app.

With Xe, the transfer amount is limitless. Online transfers of up to $500,000 are permitted (equivalent currency).

Xe exchange rates are competitive with banks, and its service is less expensive. It charges a profit on the exchange rate, just like its competitors. Depending on your method, the transfer speed via Xe is usually 24 hours.

Today's best option to send money to Pakistan online remains ACE Money Transfer, trusted by millions of expats worldwide. Various service features such as the most secure transactions, the lowest transfer fee, unbeatable exchange rates, and exceptional prizes make the company stand on top of the competition. While multiple options are available, selecting the best one will depend on your money transfer requirements, such as delivery method, transfer amount, speed, payment method, etc.

Final Thoughts 

Safety is essential, and all of the above-mentioned online businesses sincerely take their legal responsibilities. They take extreme precautions to protect the sensitive information you provide them, such as your personal information and identification.

Among all of the money transfer methods mentioned, sending money across borders via ACE Money Transfer is a strongly recommended choice.


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