WorldRemit Review
Comprehensive review and analysis of WorldRemit's digital banking services
Quick Facts
- Founded
- 2010
- Head Office
- United Kingdom
- Active Customers
- 5.7+ million
- Total Funding
- $375 million
- Employees
- 1000+
- App Store Rating
- 4.5/5
Pros & Cons
Pros
- Global coverage
- Multiple payout options
- Fast transfers
- Competitive rates
- Mobile money
- Cash pickup
Cons
- Transfer limits
- Verification process
- Variable fees
- Exchange rate margins
Supported Countries
- United Kingdom
- Global coverage
Fees
- Bank Transfer From £0.99
- Cash Pickup Varies by country
- Mobile Money Varies by provider
- Airtime Top-up Service fee applies
- Currency Exchange Market rate + margin
Overview
WorldRemit has been a leader in international money transfers since 2010. Their platform offers multiple payout options and extensive global coverage, making it easier for people to send money worldwide.
Key Features
Transfer Services
- Bank transfers
- Cash pickup
- Mobile money
- Airtime top-up
- Door delivery
- Bill payments
Global Coverage
- 130+ countries
- Multiple currencies
- Local partners
- Payout networks
- Agent locations
- Bank networks
Mobile Features
- Mobile app
- Quick transfers
- Rate tracking
- Transfer history
- Notifications
- Recipient management
Business Services
- Business accounts
- Bulk payments
- Payment tracking
- Custom rates
- API integration
- Business support
Security Features
- Bank-grade security
- Identity verification
- Transaction monitoring
- Fraud detection
- Data encryption
- Regulatory compliance
Customer Support
- 24/7 support
- Live chat
- Email assistance
- Help center
- Multi-language support
- Local support
Verdict
WorldRemit excels in providing comprehensive international money transfer services with multiple payout options. Their global network and variety of delivery methods make them particularly valuable for people sending money to diverse locations worldwide.
While the service has transfer limits and requires verification, the competitive rates and multiple payout options offer excellent value. The main limitations are the variable fees and exchange rate margins, but for users needing reliable global money transfers with flexible delivery options, WorldRemit provides an excellent solution.