Wise vs WorldRemit
Wise
wise.com
WorldRemit
worldremit.comSide by side
| Figure | Wise | WorldRemit |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 1 | 0 |
| Spec score · Money Transfer Apps | 8.9 (#5) | 7.9 (#48) |
| Spec score · Peer-to-Peer Payment Apps | 8.1 (#13) | 7.1 (#23) |
| Company history | Wise says it launched in 2011 with a vision of making international money transfers cheap, fair, and simple. | WorldRemit says Ismail Ahmed founded the company in 2010 with co-founders Catherine Wines and Richard Igoe. |
| Exchange-rate model | mid_market | mid_market |
| Upfront fee display | Yes | Yes |
| Founded | 2011 | 2010 |
| Headquarters | London, United Kingdom | 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 Wise app is available for iOS through the Apple App Store and for Android through Google Play. | both |
| Payment methods | The app says users can fund transfers with Apple Pay, Google Pay, a debit or credit card, or a bank transfer. | Sender payment options include debit, credit, and prepaid cards, bank transfer, and country-dependent methods such as Apple Pay, Interac, POLi, iDEAL, Klarna, and Trustly. |
| Regulation | Wise states it is authorised by the UK Financial Conduct Authority for issuing electronic money and works with a local bank partner to offer inward remittance service to India with RBI approval. | WorldRemit Ltd states that it is authorized and regulated by the UK Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011, registration number 900891. |
| Scheduled transfers | Yes | Yes |
| Security | Wise says it safeguards customer money separately from its own and uses two-step authentication to protect accounts and transactions. | WorldRemit says its website and apps are designed to prevent unauthorized account access and transfer fraud, with identity verification and transaction monitoring by dedicated analysts. |
| Support | Wise says its customer support is available by email, live chat, and phone, 24/7 in English and in 14 other languages. | WorldRemit offers 24/7 in-app customer support and lists phone support hours as Monday through Friday, 10am to 12am UTC. |
| Transfer speed | On many popular routes, transfers can arrive within one day, the same day, or instantly. | 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 | The app shows the list and current status of transfers users have set up. | The app lets customers track transfers and view status updates. |
Plans
In their own words
Wise
Wise is a money app for sending money, receiving payments from abroad, checking exchange rates, paying bills, and sending money to loved ones. It sends to bank accounts in over 140 countries; delivery on many popular routes is within a day, the same day, or instant. Wise says it uses the mid-market exchange rate and displays fees before payment. Signing up is free, with no subscription; sending and conversion fees vary by currency and start from 0.33%. Sending to another Wise account has no sending fee, though conversion fees may still apply. Transfers can be funded with Apple Pay, Google Pay, cards, or bank transfer. Users can track and schedule transfers, repeat previous transfers, and receive live exchange-rate notifications. Wise says it safeguards customer money separately from its own and uses two-factor authentication to protect accounts and transactions. Photo ID may be required for some currencies or large transfers. The app is available on Android, iOS, and web.
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.