Suppose you have an extra 1000 bucks in your account, and you want to help a friend short on cash. Or perhaps you’re a migrant employee who needs to send money home. Xare allows you to share your debit or credit card with someone without worrying about transaction costs. The facility that allows you to give others access to your money instead of moving it makes Xare one of thebest and only money sharing apps in the market. Because the sharing happens in real-time and without any fees, you also save money, and there’s a lot you can do with an extra 1000 bucks. You can use it towards a writing tablet, a premium Netflix membership, or even a whiteboard, which you can use to begin teaching and earning more money. This article focuses on Xare and how it can help you save money.

What Exactly is Xare?

Xare is a new era money sharing app that intends to make monetary transactions absolutely painless. It allows recipients access to money and sends the user transaction details. It arose from the founder’s concept of worldwide banking and a commitment to individuals who do not have access to standard financial services.

Given the current pandemic situation, Xare has the potential to be a game changer in the Indian market. Co-founder and CEO of Xare, Padmini Gupta, said that this app was created with families in mind, providing a simple way to share money. She said, “We are delighted to launch Xare in India and introduce many of its features as part of our ongoing efforts to revolutionize financial services.” Xare co-founder Milind Singh stated, “Indian customers are increasingly choosing to purchase goods and services online, driving e-commerce to reach an estimated $225 billion by 2022 — and platforms such as Xare can help drive this convenience. With Xare, our aim is to provide financial services that benefit the masses.”

How to Save Money Using Xare?

To begin, Xare is a free money sharing tool that allows users to share money without incurring any additional charges. It makes both domestic and international transfers extremely simple, as banks deduct large sums when exchanging currencies. Also, it happens in real-time, which makes it more reliable than agents. The app also allows users to share credit so that people are able to escape the burdens of expensive short-term loans. Apart from personal use, the app assists employers in tracking their payroll through a single dashboard.

Xare helps consumers share and save cash by allowing them to share their unused credit cards. The beneficiary will not be able to access your card information due to the app’s security. They’ll just be given a link to a Xare card to use. According to the owners, the app does not save card information, making a hack or compromise impossible.

This is how Xare can help you save money.

FAQs

1. How do I use Xare to share a card?
   Simply download the app and login. Create a Xare card, set limits and start sharing
2. Can I get the app via the Google Play Store?
   The app is available both on Google Play and App Store.
3. Can I use Xare to share my card with someone else in another country?
   You can use Xare to share your card with others all over the world. All you have to do is have access to their phone number. Recipient does not need to have a bank account.
4. Which merchants accept Xare card sharing as a method of payment?
   Shared cards can be used to purchase over two billion things across stores around the world
5. What is the procedure to register on the app?
   To register on the app, all you need is a working phone number. Registering and login take less than a minute.

Here’s a video on how to use Xare :