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Best option: Wise
We tested & reviewed 8 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 48% of India to Philippines searches, and was the top rated company supporting money transfers between INR and PHP.
For a great mix of cost, speed & features, transfer from India to Philippine Peso using Wise.
How to get the best deal on sending money from India to Philippines
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from India to the Philippines.
- Choose a provider
Select the provider that offers you the best value on buying PHP & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
What to consider ahead of money transfers from India to Philippines
Comparing based on your specific needs is the best way to send money from India to the Philippines with confidence.
Our analysis, and search results, include 8 providers that operate between India and the Philippines. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to the Philippines.
Cheapest way to transfer money from India to the Philippines: Ria Money Transfer
Our data shows Ria Money Transfer is 0% cheaper than the second-best option. The company offers an average fee of 4* INR and an average exchange rate between INR and PHP that is 2.8% different to the mid-market rate.
For a cheap way to send INR to the Philippines, Ria Money Transfer is a great all round choice.
*The most common fee applied to INR-PHP by Ria Money Transfer, based on data from the past six months.
Fastest company to send money to the Philippines from India: Ria Money Transfer.
Through our data, Ria Money Transfer was the quickest way to send money from India to Philippine Peso 73.2% of the time.
Sending money through Ria Money Transfer to the Philippines from India has an average fee of 4 INR.
To understand who was the fastest, we tested Ria Money Transfer as part of 8 money transfer providers. Within this, we looked at the overall speed of sending money from India to the Philippines. This was made up of transfer times to the Philippines after Indian Rupees were added to a money transfer account.
When fast money transfers between India and the Philippines are a priority, Ria Money Transfer is our recommended choice.
Transfer a large sum of money
From 8 money transfer companies compared, Wise is the best option for large transfers from India to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from India to the Philippines can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to the Philippines from India because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from India to Philippines
The total cost of sending money to the Philippines from India, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for INR-PHP is 0.6955 PHP per Indian Rupee.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Indian Rupee.
The average INR-PHP mid-market rate for the last three months has been 0.6843 PHP per Indian Rupee. This includes a high of 0.7051, and low of 0.6637.
Out of the 8 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting INR to PHP should be the biggest determining cost factor when transferring Indian Rupee to the Philippines.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Ria Money Transfer, with a fee average of 4 INR per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.
A lower cost of sending from India will result in more money received in the Philippines.
Getting the best exchange rate for Indian Rupee to Philippine Peso
Tracking the mid-market rate can make a huge difference when sending money INR to PHP. The exchange rate you secure impacts how much PHP you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from INR to PHP has seen some fluctuation. On average, it has been 0.6843.
During this period, the highest value level was 0.7051, with a low of 0.6637.
Wise, which is our recommended service to send money online from India to Philippines offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best INR-Philippine Peso exchange rates?
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Payment options for transfers from India to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from India to the Philippines.
Using a money transfer company such as Ria Money Transfer for payments from India to the Philippines, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Ria Money Transfer is the best money transfer provider for bank transfers of the 8 we compared when sending INR to the Philippines.
With an average fee of 4 INR to transfer money from India to the Philippines, Ria Money Transfer offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from India to the Philippines is easy with Wise.
Wise is a leader in debit card money transfers from India to the Philippines. They are the best option of the 8 transfer companies compared.
Credit cards
When it comes to credit card transfers from India to the Philippines, is the top choice of the 8 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from India to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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