Remitly vs. WorldRemit: Just a Difference in Name?
When it comes to international money transfers, Remitly and WorldRemit are key players. Remitly is known for its speed and variety of payout options, while WorldRemit offers broad country coverage and instant payouts. Remitly's unique services like home delivery cater to specific needs, serving over 80 countries. WorldRemit, covering over 130 countries, offers mobile money, airtime top ups, and cash collection with most payments available instantly. For current, unbiased rate comparisons, visit Sendrater.com.
TL;DR:
- Remitly and WorldRemit are leading names in international money transfers.
- Remitly excels in service variety, while WorldRemit boasts broader country coverage.
- For current, unbiased rate comparisons, visit Sendrater.com.
Below is a comparison of their features:
| Feature | Remitly | WorldRemit |
|---|---|---|
| Countries Served | 80+ | 130+ |
| Payout Options | Cash, Mobile Wallet, Home Delivery | Cash, Mobile Wallet, Airtime Top-Up |
| Exchange Rates | Markup on rates | Markup on rates |
| Fees | Varies by speed & value | Varies by destination |
| Service | Multilingual, App, Phone | Multilingual, App, Phone, Online |
| Safety | Fully Regulated | Fully Regulated |
Deciding between Remitly and WorldRemit depends on your transfer needs. WorldRemit's wide reach makes it suitable for a diverse range of transactions. However, Remitly's specialized services like home delivery offer unique benefits. You can look at our detailed review of Remitly and Worldremit including rates, customer reviews and licence information.
Also have a look at our leaderboard to see live rankings of providers based on their 'Rate Leadership Ratio'. This ratio is how often a provider's rates are among the top three for any corridor they serve and we compare on our platform. To determine the top rates, we look at how much the recipient gets when you send 100 units of USD, GBP, or EUR, after all fees and exchange rates are taken into account.
Historically Remitly gives better rates vis-a-vis WorldRemit (see below for our example case of sending money to Kenya), however despite their other features, neither of these companies tend to give the best rates in the corridors they are active in.
Action Plan
- Identify your transfer needs to choose between Remitly and WorldRemit.
- Compare current rates and services on Sendrater
- Consider the unique features each provider offers, like WorldRemit's airtime top-up or Remitly's home delivery service.
| Current Remitly Transfer Rates | Payout |
|---|---|
| From United Kingdom to Brazil | £100 → R$694.89 |
| From United Kingdom to India | £100 → ₹10709.55 |
| From United Kingdom to Mexico | £100 → Mex$2442.41 |
| From United Kingdom to Nigeria | £100 → ₦214700.00 |
| From United Kingdom to Pakistan | £100 → PRs36017.86 |
| Current WorldRemit Transfer Rates | Payout |
|---|---|
| From United States to India | $100 → ₹8378.00 |
| From United States to Mexico | $100 → Mex$1883.96 |
| From United States to Nigeria | $100 → ₦162035.45 |
| From United Kingdom to Pakistan | £100 → PRs36387.00 |
| From United Kingdom to India | £100 → ₹11008.00 |