The French striker finalised an £8m move from Marseille to Loftus Road last week, having attracted interest from several other Premier League outfits.
Newcastle United also had a bid accepted for the 26-year-old, but Remy snubbed their interest in favour of a move to west London.
He said: "Money didn't come into it at all because Newcastle offered me a very good contract as well.
"I have seen a lot of people were surprised when I came to QPR and I have heard a lot about people saying that I came here for money. But it is in no way a decision based on financial reasons.
"Harry [Redknapp] already knows me and I am very excited about the project, and my decision wasn't based on money in any way. I could have even stayed at Marseille as I had a good contract there."
Remy has also explained that the presence of Redknapp as QPR boss was a factor in his decision to move to Rangers.