Apart from international wire transfers, western union, and MoneyGram, there are three major online services you can use to send money from Hong Kong to India. Apparently, Hong Kong has fewer options as compared to Singapore for sending money to India. Unlike DBS, the local bank in Hong Kong - HSBC, Standard Chartered, Citibank, and Bank of China doesn't provide direct remit to India. BTW, you don't need to be concerned because these three online services e.g. Money2India, Remit2India, and AxisRemit are backed by reputed private sector banks in India like Money2India is backed by ICICI bank, Remit2India is backed by TimesOfMoney group and AxisRemit is backed by Axis Bank.
How to Send money to Indian when Receiver doesn't have a bank Account? [Solved]
You can use Western Union's money transfer facility If you are sending money to your parents or relatives in India, who are not used to modern banking and don't have any internet banking or simply a bank account. The Western Union has a tie-up with a Federal bank which allows a Hassle-free method of money transfer where the receiver need not have an account. How does it work? Well, an NRI sends money and informs the receiver about a PIN number, who can then collect money from any Federal bank branch by producing PIN and their ID proof e.g. Aadhar card, Voter Id card, Rashan card, PAN card, or any other acceptable document as ID proof by banks. This facility is offered in association with Weizmann Forex Ltd.
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