Worldremit
WorldRemit is an online money transfer service that allows users to send money abroad conveniently and securely. It offers competitive exchange rates and low fees compared to traditional money transfer companies.
remittance
international-money-transfer
mobile-money-transfer
WorldRemit: Online Money Transfer Service
WorldRemit allows users to send money abroad conveniently and securely, with competitive exchange rates and low fees
What is Worldremit?
WorldRemit is an international money transfer service founded in 2010 that focuses on migrant remittances. The company aims to provide a low-cost, secure way for migrant workers to send money back home to their families via cash pickup, bank deposit, or mobile money.
Key features of WorldRemit include:
- Easy-to-use website and mobile apps for sending money quickly to over 150 countries
- Multiple payout options including bank account, cash pickup, and mobile money
- Competitive exchange rates and low-fee pricing structure
- Use of digital technology for ID verification, reducing risks associated with money laundering
- Partnerships with leading banks and financial institutions around the world
- Focus on customer service - 24/7 support via chat, email, phone
As an online-only company with headquarters in London, WorldRemit can operate with lower overhead costs compared to legacy remittance companies that maintain physical stores and agents. These cost savings allow WorldRemit to charge significantly lower fees, especially for transfers to developing regions like Africa and Asia.
Since its founding, WorldRemit has expanded rapidly and gained strong popularity by emphasizing convenient digital money transfers. It now processes over 10 million money transfers every year for its 9 million customers.
Worldremit Features
Features
- Send money abroad to over 150 countries
- Variety of payout options - bank deposit, cash pickup, mobile money
- Low fees compared to traditional money transfer companies
- Competitive exchange rates
- Mobile app for sending money on-the-go
- Referral program to earn credit
- 24/7 customer service
Pricing
- Freemium
Pros
Fast money transfers
Convenient online and mobile interface
Lower fees than competitors
Good exchange rates
Wide recipient network
Cons
Transaction limits for new users
Limited payment options
ID verification can take time
High fees for some payout options
No domestic money transfers
Official Links
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