How can UAE expats transfer money abroad without a bank account and with low fees—and is this shift away from banks a game-changer for remittances?

With rising demand for faster, cheaper, and more flexible remittance options, UAE expats are increasingly turning to fintech apps that don’t require a bank account, minimum balance, or registration fee. Apps like Botim, Careem Pay, e& money, Taptap Send, and LuLu Money now offer low to zero transfer fees, competitive exchange rates, and direct transfers to mobile wallets or bank accounts in 170+ countries. Most only require a UAE mobile number and a debit or credit card with online access. This shift empowers expats to bypass traditional banking systems, save on costs, and send money more efficiently—especially to countries like India, Pakistan, the Philippines, Ghana, and Egypt. With features like real-time tracking, multilingual support, and instant delivery, many believe fintech is redefining the remittance experience. What’s your take—do you think digital wallets and transfer apps will completely replace banks for international remittances? Or are there still concerns around security, trust, or access?

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