What is WorldRemit?

WorldRemit is a UK-based digital remittance service launched in 2010. It has grown to become one of the largest non-bank providers of international money transfers, serving customers in 150+ countries and territories.

Key Features

WorldRemit specializes in cash pickup options, making it ideal for recipients who do not have bank accounts. You can also send to mobile wallets, bank accounts, and airtime top-ups in many countries.

Fees and Exchange Rates

WorldRemit charges flat fees starting from $0.99 depending on the corridor and payment method. Exchange rate margins typically range from 0.5% to 2%. The total cost varies significantly between corridors, so always compare before sending.

Cash Pickup Network

WorldRemit works with local bank partners and independent agents worldwide. This gives it one of the widest cash pickup networks of any digital provider, covering even remote areas in developing countries.

Speed

Most WorldRemit transfers arrive within 1-3 business days. Cash pickup can sometimes be faster in urban areas with many agents.

Pros

  • Cash pickup in 150+ countries
  • No transfer fee on many popular corridors
  • Mobile wallet and airtime top-up options
  • User-friendly mobile app
  • No maximum transfer limit for most corridors

Cons

  • Exchange rate margins vary widely by corridor
  • Not always the cheapest option for bank transfers

Our Verdict

WorldRemit excels when your recipient needs cash and does not have a bank account. For bank-to-bank transfers, compare carefully with Wise as WorldRemit is not always the cheapest option.