Remitly vs Western Union

Struggling to choose between Remitly and Western Union? Both products offer unique advantages, making it a tough decision.

Remitly is a Online Services solution with tags like remittance, international-money-transfer, mobile-money-transfer.

It boasts features such as Send money abroad to over 50 countries, Low fees compared to traditional wire transfers, Mobile app and web interface, Receive and send money in local currencies, Track money transfers in real-time, Scheduled and recurring transfers and pros including Easy to use interface, Fast money transfers, Good exchange rates, Low fees, Secure platform.

On the other hand, Western Union is a Business & Commerce product tagged with remittance, wire-transfer, money-order.

Its standout features include Global money transfer network, Domestic and international money transfers, Agent locations for in-person transactions, Online money transfer service, Bill payment services, Mobile app for easy access, Foreign exchange services, and it shines with pros like Extensive global reach with a vast network of agent locations, Reliable and secure money transfer service, Convenient options for in-person and online transactions, Ability to transfer money to a wide range of countries, Additional services like bill payments and foreign exchange.

Feature	Remitly	Western Union
Overall Score	N/A	N/A
Primary Category	Online Services	Business & Commerce

Product Overview

Remitly

Description: Remitly is a financial services company that focuses on providing international money transfer services. Its online platform and mobile apps allow users to safely and easily send money abroad with transparent fees and exchange rates.

Western Union

Description: Western Union is a financial services company that specializes in money transfers and payments. It offers services for sending money domestically and internationally through its global network of agent locations and online money transfer service.

Key Features Comparison

Remitly Features

• Send money abroad to over 50 countries
• Low fees compared to traditional wire transfers
• Mobile app and web interface
• Receive and send money in local currencies
• Track money transfers in real-time
• Scheduled and recurring transfers

Western Union Features

• Global money transfer network
• Domestic and international money transfers
• Agent locations for in-person transactions
• Online money transfer service
• Bill payment services
• Mobile app for easy access
• Foreign exchange services

Pros & Cons Analysis

Remitly

Pros

• Easy to use interface
• Fast money transfers
• Good exchange rates
• Low fees
• Secure platform

Cons

• Limited country availability
• ID verification can be strict
• Customer support lacks phone option
• Fee for receiving money

Western Union

Pros

• Extensive global reach with a vast network of agent locations
• Reliable and secure money transfer service
• Convenient options for in-person and online transactions
• Ability to transfer money to a wide range of countries
• Additional services like bill payments and foreign exchange

Cons

• Relatively high fees compared to some competitors
• Limited transparency on exchange rates and fees
• Potential language and cultural barriers for some users
• Slower transaction times compared to digital-only money transfer services

Pricing Comparison

Remitly

• Freemium

Western Union

• Pay-As-You-Go