Remitly vs WorldRemit
Remitly
remitly.com
WorldRemit
worldremit.comSide by side
| Figure | Remitly | WorldRemit |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | — | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 3 | 0 |
| Spec score · Money Transfer Apps | 9.1 (#2) | 7.9 (#48) |
| Spec score · Peer-to-Peer Payment Apps | 8.7 (#4) | 7.1 (#23) |
| Exchange-rate model | variable | mid_market |
| Upfront fee display | Yes | Yes |
| Founded | 2011 | 2010 |
| Headquarters | Seattle, Washington, USA | The company page describes London as WorldRemit's headquarters; its site lists 167-169 Great Portland Street, 5th Floor, London W1W 5PF, United Kingdom. |
| Mobile platforms | The app is available on iOS through the App Store and on Android through Google Play. | both |
| Transfer limits | Sending limits apply over 24 hours, 30 days, and 180 days, varying by sender and recipient location. | The maximum amount a customer can send depends on where they live and how they pay, and services and payout options vary by sending and destination country. |
| Transfer speed | instant | Transfers usually arrive within minutes, but timing can vary with payout method, identity checks, payment authorization, third-party operating hours, and incorrect information. |
| Transfer tracking | Users can follow transfers in real time through the app, website, email, or SMS notifications. | The app lets customers track transfers and view status updates. |
Plans
Remitly
- Bank depositFree
- Cash pickup$2.99, paid once
- New customer promotional ratePrice not published
In their own words
Remitly
Remitly is a mobile app for sending money internationally, available on Android and iOS. It serves more than 175 countries and offers several ways for recipients to receive funds: bank account, mobile wallet, cash pickup, mobile money, home delivery, or debit card deposit. Senders can pay by bank transfer, debit or credit card, Apple Pay, or Google Pay. Before sending, the app displays the exchange rate, fees, and total cost; exchange rates are variable, and transfer speed is listed as instant. Transfers can be tracked, and recipients do not need to install the app or sign up. The app is free to download, and a free plan is listed. For transfers from the United States to France, bank deposit is free and cash pickup is $2.99, paid once. A new-customer promotional rate applies to the first 1,500.00 USD sent. Sending limits vary by sender and recipient location and apply over 24 hours, 30 days, and 180 days. Remitly says it refunds fees if a transfer is not delivered on time.
WorldRemit
WorldRemit provides digital international money transfers through its website and Android and iOS apps. Customers can send money to over 130 countries. Depending on the countries involved, recipients can receive a bank transfer, collect cash, get mobile money, or receive an airtime top-up. Most transfers arrive within minutes, though some take longer depending on the receive method. Fees and exchange rates are shown before payment, and the total cost depends on the receiving country, payout method, and payment method. WorldRemit says it uses the mid-market exchange rate and charges no fees for airtime top-ups.
Available ways to pay vary by sending country and may include bank transfer, debit card, or credit card. The app offers transfer tracking, scheduled transfers, exchange-rate alerts, and Quick resend for favourite recipients. In-app chat support is available 24/7 in six languages. A recipient does not need a WorldRemit account, though cash pickup requires valid photo ID matching the transaction details and the transaction reference. WorldRemit says it is licensed by government regulators and checks transfers for security. The company is headquartered in London, was founded in 2010, and is part of Zepz.