New Zealand thrives on global connections, and remittances play a significant role in keeping Kiwis in touch with loved ones abroad. In 2023, an estimated NZ$617 million was sent overseas by Kiwis—to support loved ones’ aspirations, access medical treatment, and finance small business ventures. With high-speed internet and intuitive digital systems, sending money abroad is never more convenient or quicker. In 2025, digital remittances in New Zealand will exceed US$560 million. This digital revolution is more than convenient—it’s keeping thousands of New Zealanders in touch, supporting loved ones, and capitalizing on new possibilities all over the world.
Landscape of FinTech in New Zealand
Digital FinTech investments continue to be strong, with the global digital investment market to reach US$3.10 trillion by 2025. Individual users will carry out transactions worth an average of around US$9,500, reflecting greater trust in digital systems. Digital payments are experiencing incredible expansion, with global values to reach US$20.37 trillion by 2025, driven by a 15.90% year-on-year increase. Mobile wallets by themselves are to have around 4.8 billion users across the world by 2025, revolutionizing payment convenience and availability. In India, more than 12 billion transactions per month were carried out through UPI platforms in early 2024, reflecting the accelerated uptake of digital financial systems across the world.
Modes of Sending Gift Remittances to New Zealand
1. Cash: The Old-School, But
Let us take the following scenario for instance: You’re shipping cash through postal or courier service in hopes it will reach its destination intact. While it might seem easy, shipping physical cash abroad is full of risks of theft, loss, or damage. While tracking and insurance can be a bit of a comfort, in the digital age, there are safer, easier options.
Use when: Cash transfers should be your last option if other digital alternatives are not an option, but be extremely cautious of the risks.
2. Gift Cards: A New Alternative
Shipping a gift card to the New Zealand is a twist in itself—it is no longer just about the money, but about giving the other person the power to choose what they need. Electronic gift cards can be obtained from the majority of international shops and sent to the other person’s email inbox. The process is particularly useful for special occasions, allowing your friends to enjoy a personalized experience when shopping.
Pro Tip: Make the gift card usable in the New Zealand to avoid any surprises.
3. Certificates of Deposit (CDs): Ideal for Long-Term Planning
In case you want to save or invest for somebody, a Certificate of Deposit (CD) can be a suitable option. You can purchase a CD from Indian banks or NBFCs and remit it to the beneficiary in the New Zealand. The beneficiary can encash it at maturity time. CDs offer more interest than savings accounts, but there is a lock-in period of usually 1 to 5 years.
Best for: People who are planning for long-term financial security rather than short-term cash needs.
4. Wire Transfers: Fast and Safe
Wire transfers remain a popular choice for international money transfers. They’re accepted everywhere, secure, and relatively quick, with most transfers arriving in 1-2 business days. A wire transfer can be made through your bank or a money transfer specialist. Just be aware of fees and exchange rates, which will vary significantly between providers.
Expert Tip: Before you send, calculate the total cost, including the fees you don’t see, to get the best price.
5. Money Transfer Companies: The Modern Solution
These specialized money transfer organizations have made money transfer abroad easier. Banks apart, such organizations typically offer competitive exchange rates, lower charges, and faster turnaround times. A perfect example is moneyHOP, which not only simplifies international money transfer but also offers real-time tracking, ensuring your money reaches the destination safely in time.
Why Choose This? It is the ideal choice for anyone looking for speed, openness, and value for money.
Save big on your every international money transfer!
Send money at the lowest exchange rates & ZERO convenience fees with moneyHOP.
Comparison of Cross-Border Payment Methods
| Parameter | Bank Transfers | HOP Remit by moneyHOP | Debit/Credit Cards | Forex Card | Demand Draft |
| Transfer Speed | 3-5 days | 24-48 hours | 1-3 days | 1-3 days | 5-10 days |
| Exchange Rate | Moderate | Low | High | High | Moderate |
| Convenience | Moderate | High | High | High | Low |
| Fees | High | Low | Moderate to High | Moderate | Low |
| Security | High | High | Moderate | High | High |
| Transaction Limits | High | Flexible | Moderate to High | High | Low |
| Customer Support | Moderate | High | High | Moderate | Low |
Documents Required For Remitting Gift Money To New Zealand
The documents required for remitting gift money to New Zealand from India may vary depending on the money transfer service you use. However, some of the common documents required include:
- Passport: Passport number
- Proof of Identity: Government-issued ID, such as driver’s license or PAN card
- Gift Letter: Letter stating that the money is a gift
- Recipient’s Details: Full name, address, and bank account information
Make sure to reach out to the money transfer service you’re using and find out what documents they specifically need. You might have to submit paperwork like a marriage certificate or birth certificate if you’re transferring money to your spouse or child.
Calculation of TCS on Remittances
| Type of Remittance Abroad | Present TCS Rate |
| For the purpose of education & medical treatment | 5% of the amount or the aggregate amount over Rs. 7 lakh |
| Education when a loan is used to fund education | 0.5% of the amount or the aggregate amount over Rs. 7 lakh |
| Overseas tour packages | 5% without any threshold limit w.e.f. October 1, 2023 (20% without any threshold limit) |
| Any other purpose | 5% of the amount or the aggregate amount over Rs. 7 lakh w.e.f. October 1, 2023 (20% without any threshold limit) |
Here are a few additional points to keep in mind:
- As per the RBI, Under the Liberalized Remittances Scheme (LRS), every Indian resident can send up to USD 2,50,000 in a financial year. An individual can remit multiple times during the year for various purposes permitted under the LRS limit. However, the total amount of all such transactions must not exceed USD 2,50,000 in a Financial Year.
- It’s worth mentioning that the TCS on remittances is applicable even if the amount is sent to a close family member.
Rates & Fees
The charges and fees for sending gifts from India to New Zealand will vary based on the following factors:
- The specific amount of money being sent
- The chosen method of sending
- The bank or money transfer service being utilized
| Method | Flat Fee | Exchange Rate Margin |
| Banks | Rs. 500-1,000 | Variable |
| Money Transfer Companies | Rs. 300-500 | Variable |
| HOP Remit by moneyHOP | Rs. 200 | Competitive |
| Online Remittance Platforms | Rs. 100-200 | Competitive |
Why pay more for international money transfers when moneyHOP is here?
- NO hidden fees
- ZERO convenience fees
- Real-time updates
- Lowest exchange rates
Why choose HOP Remit?
HOP Remit by moneyHOP is an instantaneous, cost-effective, user-intuitive, and contactless international remittance service that is tailor-made to serve every individual. It provides customers with complete transparency and significantly reduces the total transaction costs of sending money abroad. The HOP Remit platform represents the perfect concoction of a fintech’s agility and the security observed in a bank.
Here Are Some Features That Make HOP Remit Different:
1. Best Exchange Rates, Always!
At HOP Remit, we don’t just match market rates—we strive to beat them! Our constantly updated exchange rates ensure you always get the most for your money. After all, every rupee counts!
2. No Hidden Charges—What You See Is What You Pay!
We believe in full transparency. With HOP Remit, you’ll never encounter hidden fees or unexpected costs. When we say zero hidden charges, we mean it. No surprises—just honest, upfront pricing.
3. Lightning-Fast Transfers in Just 48 Hours!
We know time is money. That’s why we process most transactions within 48 hours, ensuring your money reaches its destination as quickly as possible. Fast, reliable, and hassle-free!
4. 24/7 Availability—Because Life Doesn’t Stop
Need to send money at midnight or on a holiday? No problem! Our services are available round-the-clock, 365 days a year. Whenever you need us, we’re here for you.
5. Lock in Exchange Rates for Up to 24 Hours!
Don’t let market fluctuations catch you off guard. With our 24-hour rate freeze option, you can lock in a great rate and enjoy peace of mind knowing your transaction amount will remain the same.
5 Simple Steps To Transfer Gift Money With moneyHOP
- Open Your HOP Remit Account: It is as simple as pie to get started. Just register with your email address and phone number. It is quick, and you will be up to send money in minutes.
- Enter the amount you intend to send: Once you’re inside, go ahead and input the amount you’re looking to transfer. Choose the currency, select the transfer purpose, and you’re halfway there.
- Double Check Your Details (Super Simple!): We’re security focused, so we just ask for a quick KYC (Know Your Customer) check. Just give us your basic details—name, birth date, and address—and share a valid identity document (Aadhaar or PAN card). Piece of cake, and you’ll be live with the full capabilities of the platform in no time.
- Finally, complete the details of your beneficiary including his or her name, address, and banking information. Depending on the purpose, we might require one or two other documents, for instance, a proof of relationship or a bank statement.
- Pay up and you’re done: Choose your payment mode—net banking, credit/debit card, or UPI—and go ahead with the payment. The money will be in the process of being transferred, typically in hours, depending on the payment gateway and the country.
Who Are All Considered As Close Relatives?
The following are considered to be close relatives:
- Husband and Wife
- Father (Provided that the term “Father” includes step-father)
- Mother (Provided that the term “Mother” includes the step-mother)
- Son (Provided that the term “Son” includes the step-son)
- Son’s wife
- Daughter
- Daughter’s husband
- Brother (Provided that the term “Brother” includes the step-brother)
- Sister (Provided that the term “Sister” includes the step-sister)
Who All Do We Serve?
| Customer | Description |
| Overseas university students | Send your university fees and living expenses with no hassle |
| International Travelers | Pay for your accommodation and itinerary in advance |
| Overseas family/guardians | Send gifts/maintenance money to your family in another country |
| Medical tourists | Pay for your treatments in another country in advance |
| Business travelers | Facilitate business travels like a pro with fully planned and paid advanced bookings |
Why pay more for international money transfers when moneyHOP is here?
- NO hidden fees
- ZERO convenience fees
- Real-time updates
- Lowest exchange rates
Summing Up
Sending money as a gift from India to New Zealand is just a click away with HOP Remit by moneyHOP! Send a wedding, special occasion, or birthday present with a hassle-free, secure transfer. Easy steps, confirm recipient’s info, and keep an eye on exchange rates to receive the best deal. Our simple-to-use interface ensures a smooth experience with great rates. Get your loved ones to smile and cherish memories that last, gift with HOP Remit today. Distance should never stand between you and bringing joy!
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