Indonesia’s economy, currently the sixteenth largest in the world, is becoming more attractive for small and large businesses looking to enter the Asian market. Hence, it’s no surprise that many are searching for the most efficient way to make business payments to Indonesia from various countries.
Instead of going straight to your country’s bank, use online money transfer services. They almost always provide better exchange rates and lower fees, meaning the receiver will receive more rupiahs. We’ve listed the fastest ways to send money to Indonesia for business here below.
WorldRemit
Many believe WorldRemit is a cost-effective and dependable remittance service provider. The WorldRemit interface is compatible with Android and iOS smartphones and tablets, in addition to a variety of pay-in/pay-out methods.
While WorldRemit’s fees are transparent, the exchange rate isn’t perfect. Another disadvantage is that customers can’t obtain a free quotation before signing up. Furthermore, poor customer service quality and “maximum transfer limits” make it less ideal for enterprises to make business payments to Indonesia.
Azimo
Azimo has established itself as a trustworthy brand during the last ten years. Azimo customers have access to more than 200,000 pick-up locations and payment options.
Furthermore, the user-friendly design makes signing up and transferring funds quite simple.
Also, people may only send money to a few countries, a drawback for an international money transfer company. Customers moreover frequently complain about Azimo’s lack of high-quality customer service, exacerbated by the company’s expensive GBP to Rupiah exchange rates.
Remitly
Remitly has grown in popularity due to servicing many countries, making it an excellent option to make business payments to Indonesia. Furthermore, Remitly’s user-friendly platform makes it simple for frequent and first-time customers to make transfers.
Remitly, on the other hand, does not provide much transparency in terms of costs or exchange rates. Why? Because exchange rate markups account for more than a third of Remitly’s fees.
Furthermore, the obsolete website structure makes the registration process more complicated than it needs to be.
TransferGo
Unlike Remitly, TransferGo’s sign-up process is simple and free of major stumbling blocks. Customers may send money to more than 40 countries using TransferGo’s services, which are available in nine languages. You can make business payments to Indonesia within three business days.
TransferGo does have certain unique features (such as same-day delivery), but they’re limited to particular currencies, transfer methods, and volumes. Many customers and organizations have complained that the exchange rate plummets after their transfer exceeds a certain limit.
Lycaremit
Lycaremit is one of the few remittance providers with a well-established consumer base in Indonesia. Lycaremit’s ultra-low costs and clear margins have made it a popular choice for exchanges.
Customers may make business payments to Indonesia and have it delivered in as little as 48 hours. One of the critical advantages of Lycaremit is that users have access to customer service 24 hours a day, seven days a week, helping them deal with any potential delays. All Lycaremit transactions are safe and protected thanks to RSA 256-bit encryption technology.
Bottom Line
While transferring money abroad might be a hassle, using a reputable remittance company can make it a lot simpler. All you have to do is choose a reliable agency that charges competitive, transparent fees and tries to match the mid-market exchange rate as closely as possible. We can provide all of these and more at Lycaremit. Hence, don’t hesitate and register with us right now.
