What does remit mean?

To remit means to send money to someone in another country, usually as a payment or support. In finance, a remittance is a transfer of money by a foreign worker to their home country. In the UAE, remittance (remit) refers to money sent by expat workers — from Indian, Pakistani, Filipino, and other communities — back to their families. The UAE is the world's 3rd largest remittance-sending country, with over $43 billion sent abroad annually. remit.ae is the UAE's independent comparison platform for all CBUAE-licensed remittance providers.

What is remittance in UAE?

Remittance in UAE refers to money transferred by expatriate workers living in the UAE back to their home countries. The UAE sends over $43 billion in remittances annually, making it one of the world's largest remittance-sending nations. The most common corridors are UAE to India (AED to INR, $14B/yr), UAE to Pakistan (AED to PKR, $6B/yr), UAE to Philippines (AED to PHP, $3.5B/yr), and UAE to Bangladesh (AED to BDT, $2.5B/yr). All remittance providers in UAE must be licensed by the Central Bank UAE (CBUAE). Compare CBUAE-licensed providers at remit.ae.

Remitly AE (Remitly in the UAE) is a digital money transfer app available in the United Arab Emirates. It is licensed by CBUAE and allows UAE residents to send money internationally — particularly to India, Pakistan, Philippines, and other corridors. Remitly offers two speed options: Economy (1-3 business days, better rate) and Express (minutes, higher fee). Compare Remitly rates versus Al Ansari Exchange, LuLu Exchange, Wise and other UAE providers at remit.ae.

What does e-remit mean?

E-remit (electronic remittance) means sending money internationally through a digital or online platform, without visiting a physical exchange house or bank branch. In the UAE, e-remit services include apps like Wise, Remitly, and WorldRemit, as well as online banking transfer portals from UAE banks. E-remit is popular among UAE white-collar workers for bank-to-bank transfers. For cash pickup and walk-in services, UAE exchange houses like Al Ansari and LuLu Exchange remain the most used. Compare all UAE e-remit and exchange house rates at remit.ae.

What is the best money transfer app in UAE?

The best money transfer app in UAE depends on your destination and priority. Wise: best exchange rate , transparent fees, ideal for bank-to-bank. Remitly: fastest delivery (minutes via Express), good for India/Pakistan/Philippines. WorldRemit: good for mobile wallet delivery. For walk-in cash transfers, UAE exchange houses (Al Ansari Exchange, LuLu Exchange, GCC Exchange) have 200+ branches across Dubai, Abu Dhabi, and Sharjah. All must be CBUAE-licensed. Compare current rates at remit.ae — always verify final rate with your provider.

What is the best way to transfer money from UAE to India?

The best way to transfer money from UAE to India (AED to INR) depends on your priority. For the best exchange rate: Wise (live rate). For walk-in with cash: Al Ansari Exchange or LuLu Exchange (200+ UAE branches each). For fastest delivery: Remitly Express (minutes). UAE exchange houses are generally competitive for amounts over AED 1,000. Compare current AED to INR rates from all CBUAE-licensed providers at remit.ae — always verify final rate directly with your provider before sending.

Which is the cheapest money transfer from UAE to India?

The cheapest money transfer from UAE to India changes daily as exchange rates fluctuate. Wise typically offers the AED to INR rate with a small transparent fee. Al Ansari Exchange and LuLu Exchange are often competitive for larger amounts (AED 1,000+) with zero transfer fees but a small FX margin. Compare all providers' total cost — rate plus fee — at remit.ae. Always verify the final rate with the provider before sending.

Is remit.ae a money transfer service?

No. remit.ae is an independent editorial comparison platform — not a money transfer service. We do not transfer money, hold funds, or act as a financial institution. remit.ae compares live rates and fees from CBUAE-licensed providers including Al Ansari Exchange, LuLu Exchange, GCC Exchange, Wise, Remitly, Western Union, and others. Always send money directly through the licensed provider you choose.

What is WPS and how does it affect money transfers from UAE?

WPS (Wage Protection System) is a UAE Central Bank mandatory system requiring all UAE employers to pay salaries electronically between Day 24-28 of each month. After WPS salary credit, demand at UAE exchange houses spikes sharply as workers send money home. Al Ansari Exchange and LuLu Exchange branches in Dubai and Abu Dhabi can have long queues during WPS week (Days 24-28). Digital apps like Wise and Remitly avoid queues. remit.ae tracks WPS timing to help UAE workers compare providers during peak remittance periods.

سعر صرف GBP إلى MYR اليوم

1 GBP = 5.5115 MYR

▼ 2.97% since yesterday

FROM

GBP

16,534.39

MYR

Compare UAE money transfer options

Explore provider options for international money transfers from the UAE. Verify fees and rates directly with the provider before sending.

جدول تحويل GBP إلى MYR

Conversion Rates GBP/MYR

1 GBP	5.5115 MYR
100 GBP	551.1464 MYR
200 GBP	1,102.2928 MYR
500 GBP	2,755.7319 MYR
1,000 GBP	5,511.4638 MYR
2,000 GBP	11,022.9277 MYR
5,000 GBP	27,557.3192 MYR
10,000 GBP	55,114.6384 MYR
15,000 GBP	82,671.9577 MYR
100,000 GBP	551,146.3845 MYR

Conversion Rates MYR/GBP

1 MYR	0.1814 GBP
50 MYR	9.072 GBP
100 MYR	18.144 GBP
300 MYR	54.432 GBP
500 MYR	90.72 GBP
1,000 MYR	181.44 GBP
2,000 MYR	362.88 GBP
3,000 MYR	544.32 GBP
5,000 MYR	907.20 GBP
10,000 MYR	1,814.40 GBP

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Trending exchange rates

GBP/EUR

Rate1.1574

1.06%

GBP/GBP

Rate1.0000

1.46%

GBP/AUD

Rate1.9290

0.30%

GBP/JPY

Rate186.5672

0.04%

GBP/CHF

Rate1.1062

0.36%

MYR/EUR

Rate0.2100

0.23%

MYR/GBP

Rate0.1814

1.30%

MYR/AUD

Rate0.3500

0.87%

Why You Can Trust Us

remit.ae is an independent information platform built for UAE residents and expats. We do not transfer money, hold funds, or operate as a money transmitter.

Our corridor guides, provider pages, and method comparisons are for informational purposes only. Always verify final rates, fees, and availability directly with the provider before sending any funds.

Built for UAE expats and residents comparing money transfer options.

remit.ae provides editorial guidance based on our published methodology

Commissions we may receive never impact our independence.