Analyzing The Top 26 Online Money Transfer Platforms
Analyzing The Top 26 Online Money Transfer Platforms
The online money transfer industry is an evolving digital landscape aimed at providing secure, convenient, and cost-effective ways for individuals and businesses to send money internationally. Companies operating in this domain are diverse, offering services ranging from simple money transfers, mobile wallet management to API integrations for businesses. With advancements in technology, these platforms are constantly providing new solutions to enhance customer experience and reduce costs. The future of this industry seems promising, with the potential integration of blockchain technologies and the continued focus on increased security and global connectivity.
Top 26 Online Money Transfer Companies
1. UAE Exchange
- Website: uaeexchange.com
- Headquarters: Abu Dhabi, Abu Dhabi, United Arab Emirates
- Founded: 1980
- Headcount: 5001-10000
- Latest funding type: Acquired
UAE Exchange is a leading financial institution offering convenient and secure money transfer services. With the mobile app or website, customers can easily send money around the globe in just a few clicks. They also provide payment solutions for utility, insurance, and other bills, as well as convenient options for recharging the phones of loved ones back home. With a focus on safety, convenience, and value, UAE Exchange is committed to providing reliable financial services.
2. WorldRemit
- Website: worldremit.com
- Headquarters: London, England, United Kingdom
- Founded: 2010
- Headcount: 1001-5000
WorldRemit is a global online money transfer service that enables individuals to send money to their loved ones across borders. With a user-friendly app, convenient transactions can be made quickly and securely at competitive exchange rates.
3. TransferWise
- Website: transferwise.com
- Headquarters: London, Greater London, United Kingdom
- Founded: 2011
- Headcount: 1001-5000
TransferWise is a platform that offers smart and reliable payment experiences, allowing users to transfer money internationally. They provide step-by-step integration guides, API references, and support to create innovative payment solutions. Users can create multi-currency accounts, fund transfers through various methods, and make payments in different currencies. TransferWise enables secure access and management of accounts and data, customization of payment flows, and leverages payments and banking infrastructure.
4. Skrill
- Website: skrill.com
- Headquarters: London, England, United Kingdom
- Founded: 2001
- Headcount: 1001-5000
- Latest funding type: Acquired
Skrill is a financial technology company that offers online payment solutions to individuals and businesses. It provides a secure and convenient way to send and receive money globally, make online purchases, and manage digital wallets.
5. Wing
- Website: wingmoney.com
- Founded: 2009
- Headcount: 1001-5000
Wing Money is a financial technology company that offers secure and convenient digital financial services. They provide a range of solutions such as mobile banking, online payments, and money transfers. With a focus on innovation and customer satisfaction, Wing Money is dedicated to simplifying financial transactions and empowering individuals and businesses.
6. Mukuru
- Website: mukuru.com
- Headquarters: Cape Town, Western Cape, South Africa
- Founded: 2004
- Headcount: 501-1000
Mukuru.com is an online platform that offers money transfer services and various financial products to individuals and businesses. With a user-friendly interface and a wide network of payout partners, Mukuru.com allows users to send money to different countries quickly and securely. In addition, the company also provides services such as funeral cover, groceries, and staff payments.
7. WorldFirst
- Website: worldfirst.com
- Headquarters: London, Greater London, United Kingdom
- Founded: 2004
- Headcount: 501-1000
- Latest funding type: Acquired
WorldFirst is a company that offers international currency exchange and money transfer services to individuals and businesses. With a focus on competitive rates, secure transactions, and excellent customer service, they provide a convenient and reliable solution for sending and receiving money globally.
8. Payoneer
- Website: payoneer.com
- Headquarters: New York, New York, United States
- Founded: 2005
- Headcount: 1001-5000
- Latest funding type: Post Ipo Equity
Payoneer is a global payment platform that enables businesses to send and receive cross-border payments quickly and securely.
9. Ofx
- Website: ofx.com
- Headquarters: Sydney, Nsw, Australia
- Founded: 1998
- Headcount: 201-500
- Latest funding type: Ipo
OFX is a global financial services company that offers international payment solutions. They provide secure and efficient money transfers for individuals and businesses, allowing them to send and receive funds globally. With a focus on fair and competitive exchange rates, OFX helps customers save money on foreign currency transactions.
10. Xoom, A PayPal Service
- Website: xoom.com
- Headquarters: San Francisco, California, United States
- Founded: 2001
- Headcount: 201-500
- Latest funding type: Acquired
Xoom, a PayPal service, offers fast, easy, and secure ways to send money, reload phones, and pay bills for family and friends around the world.
11. Sendwave (International Remittance)
- Website: sendwave.com
- Headquarters: Washington, District Of Columbia, United States
- Founded: 2014
- Headcount: 51-200
- Latest funding type: Acquired
Sendwave is a trusted money transmission service operated by Chime Inc. It allows users to send money internationally with no fees and ensures more of the money goes to the recipients. With a user base of over 800k, Sendwave is authorized in the US, Canada, UK, and EU.
12. Paysera
- Website: paysera.com
- Headquarters: Vilnius, Vilniaus Apskritis, Lithuania
- Founded: 2004
- Headcount: 201-500
Paysera is a company that provides financial services and solutions to individuals and businesses worldwide. They offer a wide range of services including online payments, money transfers, currency exchange, e-wallets, and business solutions.
13. stc pay
- Website: stcpay.com.sa
- Headquarters: Riyadh, Riyadh, Saudi Arabia
- Founded: 2018
- Headcount: 51-200
- Latest funding type: Corporate Round
stcpay.com.sa is a digital payment company that offers a safer and more secure way to pay, manage finances, and transfer money locally and internationally. It provides services like adding money, transferring to contacts, requesting money, paying bills, sending gifts, and making business payments.
14. Instarem.
- Website: instarem.com
- Headquarters: Central Business District, Singapore, Singapore
- Founded: 2014
- Headcount: 201-500
Instarem.com is a global money transfer service that provides fast, transparent, and cost-effective solutions for businesses and individuals. They offer a wide range of payment services, including international remittance payments, batch payments, and global collections account.
15. ACE Money Transfer
- Website: acemoneytransfer.com
- Headquarters: Manchester, Lancashire, United Kingdom
- Founded: 2002
- Headcount: 201-500
ACE Money Transfer is a fast and secure money transfer service that allows receivers in 100+ countries to receive payments conveniently. With a round-the-clock service, ACE exceeds global remittance demands by offering a stress-free way of sending money online. Customers can send money through various methods, including online bank transfers and debit/credit cards.
16. BeeTech.global
- Website: remessaonline.com.br
- Headquarters: São Paulo, Sao Paulo, Brazil
- Founded: 2016
- Headcount: 201-500
- Latest funding type: Acquired
Remessa Online is an online platform that provides easy and efficient international money transfers for individuals and businesses. With low fees and fast processing times, users can send and receive money from anywhere in the world. The platform offers solutions for various needs, including receiving payments from foreign companies, investing in international markets, and sending funds to family members abroad. Remessa Online simplifies the transfer process by minimizing bureaucracy and ensuring the security of users' information.
17. Taptap Send
- Website: taptapsend.com
- Headquarters: New York, New York, United States
- Founded: 2018
- Headcount: 51-200
- Latest funding type: Series B
Taptap Send is a smartphone app that allows users to send money to family and friends with just a few taps and a debit card. It offers fast transfers to mobile money wallets on popular networks in Africa, Asia, the Caribbean, and South America. With Taptap Send, there are no more waiting in line, complicated fees, or concerns about whether transfers are received. It is a convenient, safe, and efficient way to send money internationally.
18. Transfer Galaxy
- Website: transfergalaxy.com
- Headquarters: Örebro, Örebro, Sweden
- Founded: 2014
- Headcount: 51-200
- Latest funding type: Series Unknown
TransferGalaxy is a payment institution that allows users to send money easily and securely to loved ones in various countries. They offer low fees and convenient mobile apps for quick transfers. Users can send money to mobile wallets or cash pickup points in over 20 countries. TransferGalaxy is dedicated to extending the reach of possibilities and supporting loved ones back home.
19. Pangea Money Transfer
- Website: pangeamoneytransfer.com
- Headquarters: Chicago, Illinois, United States
- Founded: 2012
- Headcount: 11-50
- Latest funding type: Acquired
Pangea Money Transfer provides a smarter way to move money. With a focus on convenience, speed, and affordability, Pangea allows users to easily send money internationally through their mobile app or website.
20. Clicktransfer by Monty
- Website: clicktransfer.co
- Headquarters: Madrid, Comunidad De Madrid, Spain
- Founded: 2004
- Headcount: 51-200
Clicktransfer is a digital platform for international money transfers, offering a secure and cost-effective solution for individuals and businesses to send and receive money globally.
21. EasySend Ltd.
- Website: easysend.pl
- Headquarters: Belfast, Northern Ireland, Poland
- Founded: 2006
- Headcount: 11-50
EasySend is a financial technology company that offers fast international money transfers and payment solutions. With their mobile applications, customers can easily send money, pay bills, and save money. They provide professional customer service and ensure the security of personal data.
22. Crezco
- Website: crezco.com
- Headquarters: London, England, United Kingdom
- Founded: 2020
- Headcount: 11-50
- Latest funding type: Seed
Crezco.com is a payment solutions provider specializing in secure and efficient international payments. They offer a complete payment solution for businesses, allowing them to make bulk payments, generate payment links, and collect recurring payments. Crezco's advanced fraud detection systems ensure secure transactions, and their API integration makes payments seamless. They work with over 500 UK and EU banks, providing fast and frictionless payments for customers. Crezco aims to simplify payments for businesses and help them grow.
23. Motransfer Otoritas Internasional
- Website: motransfer.com
- Headquarters: Jakarta Selatan, Dki Jakarta, Indonesia
- Founded: 2017
- Headcount: 51-200
Motransfer is a fast and secure money transfer application that offers easy transfer of funds domestically and internationally.
24. Paysii
- Website: paysii.com
- Headquarters: London, London, United Kingdom
- Founded: 2014
- Headcount: 11-50
PaySii is an online money transfer platform that allows users to send money abroad easily and securely.
25. Belyfted
- Website: belyfted.com
- Headquarters: London, England, United Kingdom
- Founded: 2018
- Headcount: 11-50
Belyfted Limited is a UK-based, fully-regulated payment services provider licensed and regulated by HMRC offering remittance services to Africa. The company enables fast, secure and low fee money transfers online from a desktop or mobile device.
26. Cash Management Solutions
- Website: imageremit.com
- Headquarters: Clearwater, Florida, United States
- Headcount: 11-50
Imageremit.com is an online platform that offers instant and secure money transfer services to individuals and businesses globally.
Want to find more online money transfer companies?
If you want to find more companies that provide secure, efficient international money transfers you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.
With Inven you'll also get to know the company's:
- Ownership: Which of these are private equity backed? Which are family-owned?
- Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
- Financials: How do these companies perform financially? What are their revenues and profit margins?
...and a lot more!
