Remitly

Remitly

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.
Remitly image
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Remitly: International Money Transfer Services

Remitly is a financial services company providing online platform and mobile apps for safe and easy international money transfers with transparent fees and exchange rates.

What is Remitly?

Remitly is an online money transfer service founded in 2011 that allows users to safely and easily transfer money internationally. Its key features include:

  • Easy-to-use website and mobile apps for sending money from countries like the US, Canada, UK and Australia to receiving nations across Asia, Africa, Europe and the Americas.
  • Competitive exchange rates and low transfer fees compared to traditional remittance companies.
  • Fast transfers - money is usually received by the recipient within minutes if using debit/credit cards or 1-3 days for bank transfers.
  • Secure transactions backed by bank-level encryption and rigorous identification procedures to prevent fraud and ensure compliance.
  • Top-rated customer service and support via phone, email or chat in multiple languages.
  • Free quotes and transfer tracking so users know exactly how much they are sending and when the funds will arrive.

Overall, Remitly aims to provide customers with fast, safe, low-cost options for sending remittances and payments to friends and family internationally.

Remitly Features

Features

  1. Send money abroad to over 50 countries
  2. Low fees compared to traditional wire transfers
  3. Mobile app and web interface
  4. Receive and send money in local currencies
  5. Track money transfers in real-time
  6. Scheduled and recurring transfers

Pricing

  • Freemium

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


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