5. The Impact on Pakistan’s Economy

With most of the money that enters Pakistan coming from the Pakistani diaspora, sending money back home is an essential aspect of that economy. According to the State Bank of Pakistan, the volume of remittances from overseas constitutes a key source of foreign exchange reserves for the country. With many means of facilitation and access via mobile apps, sending money back home has become a choice for more Pakistanis living abroad, thus creating much-needed stability for their economy.

6. Enlisting the best in money transfer services

Finding the best money transfer services in Pakistan from Australia, such as Speed Remit, with many options may be overwhelming. However, considering factors like fees, exchange rates, transfer speed, and customer service will help users choose an online money transfer app that best suits their needs.