Foreign remittances through Jupiter! Thoughts?

Hi everyone!

Very excited to share that we are working on a product for you to send out money internationally from your Jupiter bank account. We would love to hear your current experience while sending money abroad through this 1 min survey.

You can also let us know if you have any feedback related to issues faced currently while remitting money in the comments below!


Is this going to be a layer on top of Federal bank’s legacy system or are you partnering with some money transfer maven like Wise? :eyes:


No legacy system :eyes:


Wise has a decent tracking section and DBS has a more comprehensive list of the reasons for remittance. DBS also has an easy UI where you can see how much you have sent and how much you can send before TDS kicks in. A combination of both would be awesome!


Good news! More entities to partner with? :eyes::partying_face: Fintech News Bytes - #70 by Binoy

Sneak peeks :eyes:
This should give everyone a rough idea of the flow.

Note: These are WIP and could change.

The intro:

How it works:

Reason for transfer:



Looks promising !


Hi @AB_27 , Vested Direct Powered by SBM Bank offers International remittance at Zero fees . (Except some Rs. 45 GST)

Same fee structure here ?

Hi Ganesh! We are close to finalising the fees structure while working on a seamless product experience.

Are you a frequent user for this product? We would love to have you be part of our Beta launch.

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Yes @AB_27

@GaneshB We’ll do a lab test with the Jupiter lab testers before it goes out to everyone else.
You should join us!

Check this out - Introducing Jupiter Labs 🧪


@Shawnpinto Done. Registered

Hi, Is there any partner bank involved or is it through some other services like Wise or Instarem

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Hi Kshiti! You are right, we are working with a payment partner to provide this service to our customers

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How long doe we have to be waitlisted before we can use this feature ?

Hi Nishesh! Apologies to keep you waiting. We are just putting the finishing touches on the product before shipping it to power users like yourself.

PS: We will contact you for feedback on your experience :innocent:


Hello folks!

Bringing some great news here. We have made our international transfers product live for the first phase of waitlisted customers. (We will slowly keep opening to more customers)

To get started Open your Jupiter app (version 2.0.14) → head to Payments tab → and in the top icons choose International Transfers. Please do note that this means we are looking for your help to get feedback and catching bugs. Early access comes with great responsibilities :smiley:

Stay tuned for more updates! :partying_face:

And in the meanwhile if you have any comments/ questions please do share


I received this email, then i tried but it’s showing me this in app…

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Hi Sani, let me look into that for you. DMing you for some info

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The rate in Jupiter app for outward remittance is such a poor rate. For example: when compared to Wise for a 10k INR to USD transfer the rate is almost 7% worse. Are there any plans to improve on the same and make the rate cheaper? Maybe say jupiter pro account customers to get extremely low cost and competitive rate foreign remittances - similar to what Revolut does? @AB_27 thoughts?

FYI in case you are not aware - for normal banks like HDFC etc also, you can get far far better rates than what Wise has to offer. So in comparison to those, the difference of rate in Jupiter would only be more appalling.