How UAE Expats Can Transfer Money Abroad Without a Bank Account
UAE expats have new options for transferring money abroad without needing a bank account, thanks to various digital apps offering low or no fees.
These platforms allow users to send money internationally quickly and easily, significantly reducing the costs associated with traditional banking.
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With remittances playing a crucial role in financial stability and household income, expats can now utilize apps like Botim, Careem Pay, and e& money to facilitate their transactions.
These applications typically require only an active UAE mobile number and a debit or credit card, eliminating the need for registration fees or minimum balances.
Botim, originally a VoIP calling platform, now enables users to send money to over 170 countries, while Careem Pay allows transfers to more than 30 countries with competitive exchange rates.
Similarly, e& money offers direct transfers to bank accounts and mobile wallets, supporting remittances to over 200 nations.
Other popular options include Taptap Send, known for its zero transfer fees, and Lulu Money, which provides secure transactions to over 170 countries.
The Al Ansari Exchange app and Unimoni also offer comprehensive services, emphasizing transparency and low fees.
These innovations in fintech are making it easier and more affordable for UAE expats to support their families and contribute to their home economies.
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Khaleej Times
