Author: l.gulmagarashvili@intelexpress.ge

You might be surprised to learn that the first money transfers were not done through banks, apps, or telegraphs, but through trust and word. This all began back in the 8th century, when humanity still traveled by horse and even paper money didn’t exist.

It was during this period that a system called Hawala emerged – simple yet brilliant in concept:A person in one country would give money to an agent and ask them to deliver the same amount to their friend or family member in another country.

The money itself didn’t actually move – the agents simply trusted each other and settled their balances later.

And that’s how the history of international transfers began.

There were no banks, no apps, but there was one core value: trust. And that trust was so strong that the Hawala system functioned for centuries, from India to North Africa.

When Words Were Contracts

Hawala agents didn’t store money in safes or sign papers, their contract was their word and integrity.

Today, that might sound strange, but at the time, it was enough – money could freely move from person to person, without any banking system.

Simply put, Hawala was the first “fintech” – one that didn’t need Wi-Fi.

What Changed Almost 1300 Years Later?

Since the 8th-century Hawala, humanity has gone through many stages: telegraphs, money transfers with high fees, long queues and cash-out issues. Eventually, we reached the point where sending money or performing card and bank transfers can be done with just a few taps in the InexPay app – right from home.

You simply open the app, go through a quick registration and authorization and send international remittances via the InteliExpress system to 50+ countries or make bank and card transfers across Europe and Asia, with the best fees and conversion rates.

From Word to License – The Evolution of Trust

In the 8th century, trust meant a personal word. Today, trust means regulation, transparency and security standards that protect every user transaction.

The word-based contract has been replaced by a license, but the idea remains the same – reliability.

If once people handed money to an agent hoping they would keep their word, today that trust is regulated by the National Bank of Georgia, under whose supervision InexPay operates (payment service provider, license №0088-2904).

This means every transfer is protected by law, your funds are kept in special nominal accounts in a bank, and the system fully complies with international financial standards.

A Simple Guide for Indian Expats in Georgia

If you’re an Indian expat living in Georgia – whether you’re a student, employee or entrepreneur – chances are you’ve looked for a fast, secure and cost-effective way to send money back home.

InexPay makes this process easy, transparent and surprisingly affordable.

Below is your step-by-step guide to transferring money from Georgia to India using InexPay – plus a smart tip to help you save even more.

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Why Use InexPay for Transfers to India

• Fast and reliable international transfers
• Competitive exchange rates (GEL/USD/EUR/GBP to INR)
• Fully secure and regulated
• 100% digital – no paperwork, no queues
• Transparent pricing with no hidden fees
• Cash pick-up is available at over 15,000 Muthoot Finance branches across India
• Cash pick-up and bank transfers can also be made to corporate accounts
• Recipient identification is done via IFSC code

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What You’ll Need

Before you begin, you’ll need to:

1. Download the InexPay app (available on iOS and Android)
2. Register and complete KYC
   • If you don’t have document issued in Georgia (ID, Passport or Residence Permit), you can complete verification at any InteliExpress branch

Top up your InexPay wallet using one of the following methods:

• Cash deposit at any InteliExpress branch
• Bank transfer from any Georgian bank (no commission)
• Visa or Mastercard payment

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How to Send Money to India: Step by Step

1. Open the InexPay app and log in
2. Select “Bank Transfer” and choose “India” from the list of recipient countries.
3. Enter the recipient’s information:

• Full name
• Select recipient’s bank
• IFSC code
• Mobile number
• Bank or card account number
• Purpose of transaction (optional)

4. Choose the desired currency (GEL, USD, EUR, or GBP)

5. The app will automatically show the equivalent amount in Indian Rupees (INR)

6. Review all details and confirm the transfer

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Processing time:

• Cash pick-up: Instant
  
• Bank transfer: from 10 minutes up to 1 business day

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Partner Banks in India

InexPay allows transfers to leading banks in India, such as:

• State Bank of India
• HDFC Bank
• Punjab National Bank
• Union Bank of India
• Axis Bank

Additionally, transfers are possible to over 50 other banks across India.

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A Smarter Way to Avoid Hidden Fees

Some expats try sending money directly from their Georgian bank card to an Indian card. While this may seem convenient, it often results in:

• Hidden currency conversion fees
• Delays due to multiple banking systems
• Higher total costs

A Better Alternative Using InexPay

1. Top up your InexPay wallet for free using:
   • Cash at a branch
   • Bank transfer from your Georgian account
     
2. Send money to your Indian card or bank account via InexPay
   • Lower commission fees than other services
   • This method reduces your overall costs, avoids hidden fees and speeds up delivery.
     

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Limits

• Cash Pick-up: max. 2,500 USD
  
• Bank/Card Transfer: max. 10,000 USD (equivalent in INR)
  
• If the transfer amount exceeds 50,000 INR, it will be credited only to a bank account.

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Fees (USD)

Cash Pick-up

From	To	Fee (USD)
$0	$100	$3
$100	$200	$4
$200	$300	$6
$300	$400	$7
$400	$500	$8
$500	$750	$10
$750	$1,000	$15
$1,000	$1,250	$20
$1,250	$1,500	$25
$1,500	$2,500	$30

Bank Transfers

From	To	Fee (USD)
$0	$100	$3
$100	$200	$4
$200	$300	$6
$300	$400	$7
$400	$500	$8
$500	$750	$10
$750	$1,000	$15
$1,000	$1,250	$20
$1,250	$1,500	$25
$1,500	$5,000	$30
$5,000	$8,000	$45
$8,000	$10,000	$55

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Regulation & License

InexPay is officially registered and licensed by the National Bank of Georgia as a payment service provider (License №0088-2904).

All transactions are carried out in full compliance with the National Bank’s regulations, ensuring the safety, reliability, and full protection of customers’ interests.

You can verify the license in the official registry:
https://nbg.gov.ge/payment-system/providers

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Need Help?

InexPay’s support team is available in both English and Georgian. You can also visit any branch if you need assistance.

Start Sending Smarter

With real-time exchange rates, low fees and fast delivery, InexPay is the most convenient and cost-effective way for Indian expats in Georgia to send money home.

Download the app today and simplify your international transfers.

Georgian emigrants living in Italy can now enjoy the full benefits of the InexPay app — a service designed to make financial operations simple, fast and secure.

With the InexPay app, you can:

• Send money transfers from Italy to Georgia and other destinations
  
• Convert currency at the best available rates
  
• Make international bank and card transfers from Italy, including SEPA transactions
  

All financial operations can be performed easily, securely and conveniently — and most importantly, without leaving your home.

How to Top Up Your Balance in Italy

Customers in Italy can top up their InexPay balance directly at InteliExpress branches, located at the following addresses:

Bari

Address: Piazza Aldo Moro 6/7

Opening hours: Monday – Sunday: 09:00 – 19:00

Phone: +39 080 219 3597

Branch code: 501/502

Rome

Address: Via di S. Vito, 6, 00185

Opening hours: Monday – Sunday: 09:00 – 19:00

Phone: +39 06 636945

Branch code: 504/506

Simple and Convenient

InexPay is committed to making financial operations straightforward and accessible for all users. The availability of the app in Italy is another step toward simplifying the daily lives of migrants.

Download InexPay app and take advantage of all the features today.