E-Money Institutions Specialized in Money Transfers

Electronic money institutions offering money transfers and foreign currency exchange services have become a powerful alternative to those provided by banks:

  • Transfer fees are usually lower than offered by banks.
  • Exchange rates are normally more competitive than offered by banks.
  • Broad variety of countries and currencies are covered.
  • Various sending and receiving options at various transfer speed are available.
  • Accounts to perform money transfers can be opened completely online.

Speed
0-5 days
Coverage
  • 150+ countries
  • 35+ currencies
Sending From
  • ePayments client
  • bank account
  • bank card
Receiving To
  • ePayments client
  • bank account
  • bank card
  • mobile phone account
Transferwise Ltd
United Kingdom
Speed
0-2 days
Coverage
  • 60+ countries
  • 40+ currencies
Sending From
  • Transferwise account
Receiving To
  • Transferwise account
  • bank account
  • domestic transfers
  • payment cards
Azimo Ltd
United Kingdom
Speed
0-4 days
Coverage
  • 195+ countries
  • 150+ currencies
Sending From
  • bank account
  • debit card
  • credit card
Receiving To
  • bank account
  • mobile phone account
  • cash pick-up points
Speed
1-3 days
Coverage
  • 40+ countries
  • 120+ currencies
Sending From
  • bank account
  • debit card
Receiving To
  • bank account
World First UK Ltd
United Kingdom
Speed
0-4 days
Coverage
  • 150+ countries
  • 100+ currencies
Sending From
  • bank account
  • debit card
Receiving To
  • bank account
WorldRemit Ltd
United Kingdom
Speed
0-7 days
Coverage
  • 145+ countries
  • 110+ currencies
Sending From
  • bank account
  • debit card
  • credit card
  • WorldRemit wallet
Receiving To
  • bank account
  • mobile phone account
  • cash pick-up points
  • airtime top-up
  • physical cash door-to-door
  • WorldRemit wallet

See Also