In this global market, millions of people work and learn across borders. If you’re one of them, you will experience a similar journey of managing the finances and sending money abroad. As sending money will be a necessity, you will find the need for the right platform to make international transactions.
It can be a big trouble to find a reliable and reputable money transfer platform that can ease your life. To help you and save you from any potential scamming platforms, here is a list of the best money transfer platforms that you can rely on.
Let’s explore these in detail!
1. Western Union
Western Union is the most cost-effective and the best way to send money internationally by enabling millions of users to send and monitor money transfers digitally. This platform covers more than 200 countries around the globe.
It provides a number of payment options, including online payment, in-person transactions, and through the app. With the help of this internationally trusted platform, you can bring flexibility in sending money for cash pickup as well.
Using this platform will allow you to send and receive money in minutes for agent location, which is the fastest way to get money.
2.Revolut
Revolut is a digital platform that helps users to send money locally and internationally. It offers other features for money management as well, including splitting bills, sending gifts, and exchanging currency.
This platform also allows users to get cashback and interest on selected plans. However, this application is currently operating in 150 countries and regions. Only legal residents around Europe, East Asia, and the United States can open an account on this platform.
3. Remitly
When it comes to sending remittance back home, Remitly is the best service provider that you can opt for. It is an online remittance service headquartered in Seattle that helps people transfer money to 150 countries.
It offers payment options depending on the country you are living in. The speed of sending money is around 4 hours for express options and 3-4 days for commercial plans for money transfers globally.
4. XE
XE is one of the top money transfer platforms for a number of reasons. First, it offers a secure, fast, and user-friendly solution for sending money online to around 130 countries. This online platform offers foreign exchange tools and services as well.
XE has also merged with HiFX Europe Limited, which enhances its offering with a variety of FX features. The receiving method for this platform is simple and easy to navigate, as you can choose a bank account transfer, cash pickup, or mobile wallet.
5. Wise
Wise has transformed its name and service over the years. Previously, it was known as TransferWise to help business users and personal users send and receive money internationally.
It provides check exchange rates and allows users to manage their bills from any location. The speed of their services is really fast, which can be 2 seconds for online transfer and 2 business days for cash pickup.
6. XRP
XRP, created in 2012 by the San Francisco-based company Ripple, was designed as a high-speed, cost-effective way to transfer currency globally on RippleNet. XRP AUD transactions can occur directly between networks without intermediaries, leveraging the XRP Ledger Consensus Protocol to enable fast, worldwide transfers.
