Hotlist: Top 28 Firms in Mobile Money Transfers
Hotlist: Top 28 Firms in Mobile Money Transfers
The mobile money transfer industry is dominated by companies offering fast, secure and convenient means to send, receive and manage money using a mobile device. These companies seamlessly integrate technology with financial systems, allowing users to transact across borders without the need for physical banks or cash. Their services range from basic money transfers, bill payments and mobile recharges to sophisticated features like currency exchange and investment options. As financial technology advances, the industry is moving towards more inclusive financial solutions that better serve underserved populations and enhance cross-border payment systems.
Top 28 Mobile Money Transfer Companies
1. Efecty
- Website: efecty.com.co
- Headquarters: Bogota, Bogota, Colombia
- Founded: 1996
- Headcount: 10001+
Efecty is a company that provides money transfer, payment, and recharge services to individuals and businesses. With a wide network of locations across Colombia, Efecty offers convenience and accessibility for customers to send money, make payments, and top up mobile phones.
2. MoneyGram International
- Website: moneygram.com
- Headquarters: Dallas, Texas, United States
- Founded: 1940
- Headcount: 1001-5000
- Latest funding type: Acquired
MoneyGram is a global leader in digital P2P payments, providing innovative financial solutions to connect communities worldwide. With a focus on mobilizing the movement of money, MoneyGram serves over 150 million people, leveraging its modern platform and collaborating with top brands. Through its direct-to-consumer digital channel, global retail network, and embedded finance business, MoneyGram offers convenient and secure money transfer services. The company is also at the forefront of cross-border payment innovation and blockchain-enabled settlement.
3. Revolut
- Website: revolut.com
- Headquarters: London, England, United Kingdom
- Founded: 2015
- Headcount: 1001-5000
- Latest funding type: Secondary Market
Revolut is a financial technology company that offers a range of financial services and products. With their mobile app, users can manage their day-to-day spending, send money internationally, exchange currencies, invest in cryptocurrencies, and access budgeting tools and analytics.
4. 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.
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. JazzCash
- Website: jazzcash.com.pk
- Headquarters: Pakistan
- Headcount: 1001-5000
JazzCash is a financial services company in Pakistan that offers mobile account services, money transfer, bill payment, mobile load, ticket payments, and various other digital payment solutions.
7. Broxel
- Website: broxel.com
- Headquarters: Distrito Federal, D.F., Brazil
- Founded: 2010
- Headcount: 501-1000
Broxel is a Mexican financial technology company that offers a mobile app allowing users to have an account in both pesos in Mexico and dollars in the United States. They provide various services including electronic meal vouchers and a resource allocation platform. Customers can pay for their utilities and receive money from the USA through their secure and user-friendly app.
8. e& money
- Website: e-wallet.ae
- Headquarters: Abu Dhabi, ., United Arab Emirates
- Headcount: 5001-10000
e& money is a financial super app that offers global money transfers, wallet transfers, and cash pick up services. With no registration fees or minimum balance requirements, it provides easy, fast, and secure transactions. The app also offers gifting options and allows users to pay bills, merchants, and send gifts globally and locally.
9. 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.
10. 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.
11. Damane Cash
- Website: damanecash.ma
- Headquarters: Maroc, Massachusetts, Morocco
- Headcount: 201-500
Damanecash.ma offers instant money transfers and a range of financial services including bill payments, currency exchange, and mobile payment services through Damane Pay accounts. They provide national and international money transfers, payment of bills, taxes, and manual currency exchange. Customers can also access their services through their mobile app.
12. sendvalu moneytransfer
- Website: sendvalu.com
- Founded: 1993
- Headcount: 1-10
Money transfer online to friends and family worldwide. Money transfer to one of our over 13 000 locations within few hours. Try it today – it’s convenient, easy and secure www.sendvalu.com sendvalu has the largest network of pick-up locations available online. We deliver money to 13 000 pick-up locations and 1142 banks to 53 countries Sending money around the world with aws24 could be cheaper than drawing money with your credit card from your local ATM. Just compare it! We are using some of the most advanced security technologies available. All information are transferred using a SSL (Secure Socket Layer) 128-bit encryption. All money transfers are executed within 48 hours. If your money has not reached the intended destination within that time, we will refund you the full amount of your transfer.
13. Wafacash
- Website: wafacash.com
- Headquarters: Casablanca, Grand Casablanca, Morocco
- Founded: 1991
- Headcount: 1001-5000
Wafacash is a leading company in the cash sector, offering money transfer services to individuals and businesses. They provide efficient and secure international money transfers from Europe to Morocco and several countries in Sub-Saharan and Central Africa. Wafacash ensures that beneficiaries receive their money in local currency, making it convenient for recipients.
14. Universal Storefront Services Corporation
- Website: ussc.com.ph
- Founded: 1958
- Headcount: 1001-5000
USSC is a financial services company offering a wide range of services including money transfer, cards, wallets, insurance, bills payment, cellphone loading, ticketing, money changer, cash withdrawal, and gift certificates.
15. FinComBank SA
- Website: fincombank.com
- Headquarters: Chișinau, Chisinau, Moldova (the Republic of)
- Founded: 1993
- Headcount: 501-1000
- Latest funding type: Private Equity
FinComBank is a banking institution that offers a range of financial services including e-commerce, POS terminals, internet banking, mobile banking, and investment options. They provide convenient and secure banking solutions to individuals and businesses.
16. Intermex Wire Transfer, LLC
- Website: intermexonline.com
- Headquarters: Miami, Florida, United States
- Founded: 1994
- Headcount: 501-1000
- Latest funding type: Debt Financing
Intermex is a money transfer company that allows individuals to send money to their loved ones in Latin America and Africa. With over 160,000 payout locations and partnerships with major banks, Intermex ensures safe and secure transactions.
17. Paysend
- Website: paysend.com
- Headquarters: London, England, United Kingdom
- Founded: 2017
- Headcount: 501-1000
- Latest funding type: Series Unknown
Paysend.com is a global money transfer service that offers fast and secure transfers to over 100 countries worldwide. With bank-level security and 24/7 support, Paysend ensures that your money arrives quickly and safely. Whether you want to send money using bank cards, accounts, or a mobile number, Paysend provides hassle-free transfer methods for individuals and businesses alike.
18. TrueMoney Cambodia
- Website: truemoney.com.kh
- Founded: 2015
- Headcount: 51-200
TrueMoney Wallet is an e-wallet that offers a new payment lifestyle. You can pay and accept payments anywhere in Cambodia using a single wallet.
19. Dandelion Payments
- Website: dandelionpayments.com
- Headcount: 1001-5000
Dandelion Payments is a global payment platform that offers unmatched reach, speed, and transparency. It provides an integrated compliance framework to navigate global regulations effortlessly. With built-in settlement, businesses can grow quickly and focus on customer satisfaction.
20. Tengo
- Website: tengo.hn
- Headquarters: Tegucigalpa, Francisco Morazán, Honduras
- Founded: 2013
- Headcount: 201-500
Tengo.hn is a financial technology company based in Honduras. They offer a unique multibank platform that allows users to make payments, send money, and manage their personal finances through their App GO. With features like contactless payments, QR code scanning, and rewards programs, Tengo.hn provides a convenient and secure way for customers to handle their financial transactions.
21. Anorbank
- Website: anorbank.uz
- Founded: 2020
- Headcount: 201-500
Anorbank is a financial institution that offers banking services to individuals and businesses. They provide a wide range of products including credit cards, loans, deposits, and money transfers. With flexible conditions, competitive interest rates, and a user-friendly mobile app, Anorbank aims to meet the financial needs of its customers.
22. 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.
23. 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.
24. MORE Payment Evolution
- Website: morepaymentevolution.com
- Founded: 2003
- Headcount: 51-200
More Payment Evolution is a global payment solution company that offers safe, fast, and convenient payment services to customers worldwide. With direct bank connections in over 120 countries, we provide a seamless platform for sending and receiving remittances. Our innovative +more app revolutionizes the industry with its unique capabilities. We are committed to evolving alongside the payment industry to make cross-border payments easier and more efficient for our clients.
25. Monty Global Payments S.A.U.
- Website: montyglobal.es
- Headquarters: Madrid, Madrid, Spain
- Founded: 2004
- Headcount: 51-200
Monty Global Payments is a company that specializes in international money transfers. They offer a secure, fast, and economical system for sending money to family and friends, either through their local agent partners or their website. They are dedicated to providing the most reliable payment network and ensuring that your loved ones receive the money you send in a safe, convenient, and timely manner.
26. Zeepay Company Limited
- Website: myzeepay.com
- Headquarters: Accra, Greater Accra, Ghana
- Founded: 2014
- Headcount: 51-200
- Latest funding type: Series A
Zeepay is a company that offers mobile money services, allowing customers to top up their wallets and gift cards. They provide support for payments, remittance, and domestic transfers. Zeepay is regulated by FCA and BOG, providing safe and secure transactions.
27. Tranglo
- Website: tranglo.com
- Founded: 2008
- Headcount: 51-200
- Latest funding type: Corporate Round
Tranglo is a global leader in payments technology, offering reliable and efficient solutions for cross-border payments, international airtime top-ups, and bill payments. With a trusted network of 1,300 payout partners in 128 countries, Tranglo simplifies global payments and provides tailored solutions for businesses.
28. Mama Money
- Website: mamamoney.co.za
- Headquarters: Cape Town, Western Cape, South Africa
- Founded: 2013
- Headcount: 51-200
Mama Money is a licensed and safe transfer facility approved by the South African Reserve Bank. They offer low-cost international money transfers with great rates and no hidden fees. Customers can easily send money across borders using the Mama Money app.
Want to find more mobile money transfer companies?
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- Ownership: Which of these are private equity backed? Which are family-owned?
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