WorldRemit Ltd

WorldRemit Ltd Logo
Trustpilot Rating
Reviews 41,787 | Excellent
 (4.5)
Business Focus
international money transfers

WorldRemit Ltd is an electronic money institution focused on international money transfers. WorldRemit Ltd offers international payments, digital wallets to individuals. In 2018 WorldRemit Ltd had total assets of 85.17 mln GBP, WorldRemit Ltd generated net income of -44,762,031.00 GBP. Incorporated in the United Kingdom, WorldRemit Ltd is authorized and regulated by the Financial Conduct Authority.

Products
  • digital wallets
Services
  • international payments
Clients
  • individuals

Money Transfers

First three transfers are fee-free

WorldRemit offers money transfers between more than 150 countries in more than 110 currencies. Money can be sent from bank accounts, debit cards, credit cards, WorldRemit wallets and received to bank accounts, mobile phone accounts, cash pick-up points, airtime top-ups, physical cash door-to-door, WorldRemit wallets. Transfers made with WorldRemit are usually completed within 0-2 days.

worldremit Money Transfers
Speed
0-2 days
Amount Range
n/a
Countries
150+ countries
Currencies
110+ currencies
Transfer Options
  • one-time payments
  • recurring payments
Sending From
  • bank accounts
  • debit cards
  • credit cards
  • WorldRemit wallets
Receiving To
  • bank accounts
  • mobile phone accounts
  • cash pick-up points
  • airtime top-ups
  • physical cash door-to-door
  • WorldRemit wallets

Transfer Costs

Transfer Fees
Zero fees on your first money transfer.
Exchange Rate
Exchange rate is displayed upfront.

Transfer Speed

In most cases, transfers sent using WorldRemit arrive within minutes.
In general, the delivery time will be as follow:

  • Cash Pickup. Available to collect instantly.
  • Mobile Money. Within minutes.
  • Airtime top-up. Within minutes.
  • Bank transfer. Transfers within minutes are available to selected banks; other thing the timing depends on include: the bank, day of the week, transacion creation time.

Sending Countries

WorldRemit provides sending money from 50+ countries.

Receiving Countries

WorldRemit supports sending money to 150+ countries.

Sending Methods

Bank Transfer
Sender needs to transfer the full amount from his/her own bank account into WorldRemit's bank account.
WorldRemit Wallet
Transfers are instantly processed and the Wallet allows your recipient to receive, send and withdraw funds in multiple currencies.
Payment Cards
WorldRemit accepts most types of debit, credit and pre-paid cards that are issued by Visa or Mastercard. WorldRemit cannot accept cards from the following issuers:
  • Amex
  • Diner’s Card
  • Union Pay

Other Methods
  • Poli
  • Interac
  • iDEAL
  • Sofort
  • Apple Pay
  • Trustly

Receiving Methods

Mobile Money
Most mobile money services are offered by local mobile telecoms operators who have received a license to operate electronic payments services. Before sending money to a mobile money service using WorldRemit, please make sure that your recipient has a mobile money account.
Cash Pickup
Cash pickup transfer is a payment that your recipient can collect as physical cash from a supported location within WorldRemit's local partner network.
Bank Transfer
Direct to bank is a transfer when the money i s delivered straight to the recipient’s bank account.
Airtime Top-up
Top-up is adding credit to a pre-paid phone. Airtime top ups sent via WorldRemit are usually instant.
WorldRemit Wallet
Transfers are instantly processed and the Wallet allows your recipient to receive, send and withdraw funds in multiple currencies.

Advantages of WorldRemit Transfers

Broad coverage of countries
Variety of sending options
Variety of receiving options

Disadvantages of WorldRemit Transfers

Have to open an account and pass identity verification
Account opening available to individuals only

How WorldRemit Transfers Work

1.
Create your account
Register for free at WorldRemit website or download WorldRemit app.
2.
Provide transfer details
Choose to send to one of 150 countries and add your transfer method.
3.
Choose how much you want to transfer
You will see WorldRemit fees and exchange rate upfront.
4.
Add the recipient's details
Or choose from a list of people you’ve sent to before.
5.
Pay for your transfer
You can pay for the transfer with a payment card (debit, credit and prepaid), bank transfer, Poli, Interac, iDEAL, Klarna, Apple Pay, Trustly.


Alternatives to WorldRemit Transfers

Compare WorldRemit Money Transfers

See Also

Operations with Cryptocurrencies

No

WorldRemit do not conduct operations with cryptocurrencies.

See Also

Financial Highlights

Total Assets (2018)
85.17 mln GBP  (-11.88%)
Gross Profit (2018)
50.14 mln GBP  (+55.74%)
Net Income (2018)
-44,762,031.00 GBP  (+122.46%)

Mobile Applications

Mobile Application: WorldRemit Money Transfer

 4.8, 60,762 Ratings

WorldRemit Money Transfer
WorldRemit Money Transfer
WorldRemit Money Transfer
WorldRemit Money Transfer
WorldRemit Money Transfer Supported Languages
DKDanish
NLDutch
GBEnglish
FRFrench
DEGerman
ITItalian
ESSpanish

Company Details

Country of Registration
GBUnited Kingdom
Company Number
07110878
BIC
WRMTGB2L
Authorized By
Financial Conduct Authority
Reference Number
900891
Authorization Granted
19 October 2018
Authorized Activities
  • issuance of electronic money
  • placing cash to a payment account
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • execution of payment transactions on a payment account (using a credit line)
  • issuing payment instruments or acquiring payment transactions
  • money remittance
  • execution of payment transactions via telecoms, IT system or network operator

WorldRemit Ltd is authorized by the Financial Conduct Authority (reference number 900891) for issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator. The authorization was granted on 19 October 2018.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules WorldRemit Ltd, can conduct its activities in any of the 31 EEA member states. WorldRemit Ltd do not participate in deposit guarantee schemes.

Membership
SWIFT

WorldRemit Ltd is a SWIFT member.

See Also

Contacts

62 Buckingham Gate -, SW1E 6AJ, London, United Kingdom
+44 207 148 5800
Website Languages
DKDanish
DEGerman
GBEnglish
ESSpanish
FRFrench
NLDutch

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See Also