Western Union vs Remitly

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

Western Union is a Business & Commerce solution with tags like remittance, wire-transfer, money-order.

It boasts features such as 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 pros including 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.

On the other hand, Remitly is a Online Services product tagged with remittance, international-money-transfer, mobile-money-transfer.

Its standout features include 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 it shines with pros like Easy to use interface, Fast money transfers, Good exchange rates, Low fees, Secure platform.

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

Product Overview

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.

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.

Key Features Comparison

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

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

Pros & Cons Analysis

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

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

Pricing Comparison

Western Union

• Pay-As-You-Go

Remitly

• Freemium