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Money Transfer Apps

Quick and easy money transfers are more in demand than ever, and a whole host of money transfer apps have emerged to help people send their money all over the world. Rising internet and smartphone use across the world has increased the demand for digital money transfers and payment automation, with these apps ensure fast, inexpensive, and convenient ways of sending money even to countries where bank accounts are uncommon.

With so many great money transfer apps to choose from, we’ve helped you by compiling them all right here – along with all the information you need before downloading one.

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Best Apps for Money Transfers

Google Pay App
What is the Google Pay app? A culmination of Android Pay and Google Wallet, the Google Pay app officially entered the FinTech market in 2018. Originally an enterprise devised to be a digital mobile wallet, the Android equivalent to Apple Pay and Samsung Pay. The app has since been optimised for use on both iOS […]
Zelle app
What is the Zelle app?  Zelle is a peer-to-peer money transfer app which was launched in the United States in 2017. Relatively new to the market, the Zelle app is fast, safe and easy to use, supporting US-only transactions. Any customers searching for a service which facilitates cross-border payments should check out our reviews of […]
PayPal app
About PayPal In addition to its merchant services, PayPal has also become a standard tool for international money transfers. The company is well-known for its security, ease of use, and acceptance as a payment method. So, let’s look at how PayPal international money transfers compare. What Is the PayPal App? PayPal burst onto the money transfer […]
Cash App
What is Cash App? As we inevitably edge closer towards a largely cashless society, digital payment providers like Cash App are working hard to offer their 36 million customers everything they need to arrange swift, stress-free online money transfers.  Cash App is a peer-to-peer (P2P) payment system which supports the sending and receiving of money […]
Venmo app
What is Venmo? Venmo is an American mobile payment service which functions primarily as a digital wallet. Founded in 2009, before being acquired by PayPal in 2013, the Venmo app mimics familiar social media features and facilitates convenient payment functions, such as peer-to-peer (also known as P2P) money transfers and in-store purchases. After over a decade […]

What are money transfer apps?

Money transfer apps are internet-powered software applications designed and developed by transfer operators and distributed through platforms such as Play Store and App Store. The apps have all the functionalities users need to transfer money on the go and can usually be downloaded both as mobile and desktop applications.

Their portability, slick user interfaces, and all-round convenience is a big plus, especially for the younger and savvy market segment.

Compare different money transfer apps

Zelle Vs Google Pay
About Zelle and Google Pay It is worth mentioning early on in this comparison that both companies offer limited global coverage: Zelle only supports domestic transfers in the US, while Google Pay international transfers are restricted to India and Singapore only, although there is mention of future plans for expansion. Which brand has lower transfer […]
Zelle Vs Cash App
About Zelle and Cash App Both brands primarily focus on domestic money transfers, or in Cash App’s case, transfers between UK and US customers only. Which brand has lower transfer fees? ✅ Verdict: This first round ends in a tie Overall, both services offer free money transfers which means there is no obvious winner in […]
Cash App vs PayPal
Cash App and PayPal are two of the most popular financial service providers in the United States. As one of the first digital payment platforms, PayPal has played an integral role in the advancement of online money transfers. By comparison, Cash App is a worthy competitor, having revolutionised the way money is transferred between peers. But how do each of these international money transfer companies compare when pitted against one another? We take a closer look. 
Zelle vs PayPal
 In a bid to find out which brand is the better option for sending international money transfers, we will be exploring each area of Zelle and PayPal’s financial services.  Which brand has lower fees? Here we will take a closer look at the fees incurred by users of Zelle and PayPal’s money transfer services. ✅ […]
Venmo vs Cash App
Due to their positioning in the financial services market, Venmo and Cash App are often pitted against one another as rival peer-to-peer mobile payment platforms. Both have been competing for their market share in the US, and Cash App also launched UK services in 2018. In this comparison we will weigh up the strengths and weaknesses of each company, as we identify which one offers the best fees, exchange rates and transfer speeds.
Venmo vs PayPal
Venmo and PayPal are two of the most popular peer-to-peer payment apps in the US. Both are primarily used for sending and receiving money online, as well as settling payments with authorised vendors and merchants. In this comparison we will consider Venmo and PayPal’s similarities and differences, as we deep dive into the functionality and features of both money transfer services.
Zelle vs Venmo
Gone are the days of paying friends back in cash. It has never been more secure to exchange money with your friends and family, thanks to the introduction of peer-to-peer payment apps.
PayPal vs Payoneer
Which brand has lower fees? ✅ Verdict: There are too many variables to make a judgement call Both providers have too many variables attached to their fees to draw a direct comparison of Paypal vs Payoneer, as the amount you are charged can change depending on how much you are sending, the transaction type, and […]

How do money transfer apps work?

Users with mobile devices running on android or iOS systems can download the apps onto their devices and make transfers on the go. Once you are logged into an app, you can easily perform a variety of actions including tracking your transfers and sending money to a friend.

If you already have an account with a money transfer operator, you will just need to download the app and sign in, you will then be able to use the app immediately. New users have to register for an account using the app and proceed to make their transfers.

Are they free?

Almost all money transfer apps are free to download, so you won’t need to pay a penny to have the app on your phone. Having said that, users are required to pay for the services as per the provider’s billing structure, so the process of transferring money won’t be completely free. Here are some of the charges to expect when using a money transfer app:

  • Transfer fees: This is the fee users pay to transfer money using their mobile apps to their beneficiaries. It is made up of the cost incurred by the money transfer operator to facilitate the transfer and a small margin for their profits. 
  • Exchange rate margins: Some providers like TransferWise and TorFX offer their customers the real exchange rate also called the mid-market rate or interbank rate. Others like WorldRemit and InstaReM add a margin on top of the mid-market rate. 

What can I do on a money transfer app?

Money transfer apps are loaded with features that enable users to take total control of their transfers. However, the features are not universal and largely depend on the money transfer operator behind the app. Here are some of the common functionalities to expect, but always check the details of the specific app you’re downloading for the features available:

  • Account signup: Users can register for a money transfer account from start to finish right on the app.
  • Beneficiary management: Using a money transfer app, customers can add, edit, and delete beneficiary details.
  • Check exchange rates: Providers usually display the indicative rates they offer their customers. Transfers are priced based on the prevailing indicative rates at the time of the transaction. However, some money transfer operators like WorldFirst allow their users to lock in a rate for a given duration to counter the effects of exchange rate fluctuations in the future.
  • Check transfer fees: Some providers like XE and Currencies Direct charge zero fees while others charge fixed or variable fees depending on the amount. The apps will display the fees you will pay on your transfer.
  • Send Money: Users can make transfers to their beneficiaries right from the palm of their hands. 
  • Payment method management: Depending on the transfer payment methods the provider supports, you can add or remove debit or credit cards, bank transfer information, and other payment platforms such as Apple Pay and Google Pay.
  • Track a transfer: Some money transfer apps, such as Remitly, notify users on the status of their transfers to see if they are delivered or are still en route to their beneficiaries.
  • View transaction history: Users can quickly check the transfers they have made over a certain duration. Some providers put a limit on the time range and give customers an option of contacting their support team for additional help.  
  • Cancel a transfer: Some money transfer apps such as Ria have transfer cancellation functions. However, this only works depending on the provider’s terms and conditions regarding transfer cancellations.
  • Get help: Money transfer operators have an in-app help function which could be a live chat platform, a quick dial telephone assistance or a built-in email application. 

Money transfer app guides

PayPal Mass Payments for Business
The requirements of each and every international money transfer is different, and in some cases, especially when businesses are concerned, multiple payments need to be processed at once. In this guide we will look at how to send money to numerous payees with PayPal, plus the total cost of fees and the overall efficiency of this service.
Is PayPal more cost effective than money transfer providers?
PayPal provides worldwide payment solutions for a variety of online transactions, from making a purchase to arranging cross-border remittances. In this guide we will be deliberating how much PayPal transfers cost when compared to the services of specialised money transfer providers.
The Countries Most Likely to Support a Cashless Society
We analysed data collected by YouGov to determine which nations believe the world should become a cashless society and are therefore most likely to adopt more modern approaches to currency. Worldwide Research Residents from 21 different countries around the world were surveyed on whether Britain’s move towards a cashless society would be “positive” or “negative”. […]
Can I Use PayPal to Transfer Money Internationally?
Can I use PayPal to send money internationally? Yes, you can certainly use PayPal to send money internationally. The company supports international money transfer to over 200 countries and can process your transfer in a few working days. If you’re going to be using PayPal to send money abroad, it’s a good idea to familiarize […]
How To Transfer Money From A Bank Account To PayPal Instantly
Many people don’t know how to add money to PayPal, but PayPal is frequently used for regular subscriptions and payments. From Netflix to eBay, if you have regular payments leaving your bank account via your PayPal account, adding money to PayPal will ensure you can meet those payments on the day they’re due. That being […]
Best money transfer apps
What are the best money transfer apps? Here we explore the top apps, which will point you in the right direction when transferring money.

How to use a money transfer app

Most money transfer companies give their customers a step-by-step guide on how to use their apps. That said, the process is usually simple, and users can follow the prompts to get on board. Here are the steps involved.

1. Download the app: Providers usually give a link to their apps directly from their websites. You can click on the link and download from the respective platform – iOS or Android. You can also do a quick search on either the App Store or the Play Store to find the app and download it.

2. Sign up or log in: If you are an existing customer, just log in and the app will sync and populate your details. For new users, you will have to register for an account, have it verified as per the provider’s regulations before you begin transacting.

3. Explore the app and send money: As pointed earlier, money transfer apps have different features based on the provider’s discretion. Take time to explore the app, learn the features available and start making transfers. 

The process of sending money may differ slightly among providers, but generally you’ll need to:

  • Specify the transfer amount to send or the amount you want the recipient to get.
  • Choose your beneficiary and if they are not in the system, you can add them.
  • Confirm the details of the transfer
  • Pay for your transfer using the options provided. Some providers like LuLu Exchange will require that you switch platforms to your online banking to complete the payment.

Some apps such as TransferWise come with multi-currency virtual wallets that you can load money in different currencies and make transfers as you please, but this is not a common feature across all money transfer apps.

Do all money transfer companies have apps?

Not all providers have money transfer apps. For instance, TransferMate, Currency Solutions, Global Reach, Halo Financial, Foreign Currency Direct, among others do not have apps. They restrict their services to the web app available through an online-based platform. 

Nevertheless, these platforms are usually built with mobile-friendly features that give users an app-like experience. The platforms adjust their pixels based on the screen size of the device being used to access them. 

Best money transfer providers with apps

BOSS Revolution
BOSS Revolution Exchange Rate, Fees & Costs Making yourself fully aware of the costs involved in any international money transfer is a crucial part of getting the best deal for you. BOSS Revolution advertises its services particularly towards migrants looking to send money back home to family and friends, so low-cost transfers are a key […]
Remitly
Remitly was founded in 2011 with a mission to provide immigrants in the U.S. with convenient, faster and cheaper ways of transferring money to their families and friends back home and has been doing that ever since. Its proprietary money transfer platform allows customers to pay for transfers using debit cards, credits cards and bank […]
Xoom
About Xoom The Xoom platform allows customers to pay for their transfers using bank accounts, debit cards, or credit cards and have it paid out to their recipients through direct deposits, cash pickup and door-to-door cash deliveries. While the speed and reliability are great, Xoom has often been criticised for lack of transparency in its […]
Western Union
About Western Union  Western Union is a US-based company that provides various ways to transfer money around the world. Starting out in 1851 as a communications company specialising in telegraph-related services, in 2006 Western Union decided to concentrate their efforts on money transfers. Since then, the provider has gone from strength to strength, becoming one […]
Payoneer
Payoneer Exchange Rates and Fees Payoneer charges its customers fees when getting paid by the different businesses to their Payoneer accounts. Thereafter, withdrawal from local ATMs also come at a fee. Below is a synopsis of the fees, exchange rates and other costs you may incur when using Payoneer. Transfer Fees Payoneer’s fee structure comprises […]
Wise Money Transfer
About Wise Founders Kristo Käärmann and Taavet Hinrikus originally concocted the Wise (formerly TransferWise) business model as a solution to the problems they were facing when transferring money overseas to manage their personal finances. Born out of real-life experiences and the frustration of being charged excessive transfer fees and undesirable exchange rates when sending money […]
Xendpay
According to the Xendpay’s annual accounts, the principal activities listed are the provision of foreign exchange and international money transfer services for both individual and corporate clients. Xendpay has excellent exchange rates in keeping with its philosophy of affordable transfers. However, the lack of an android mobile app has left a section of users feeling […]

How fast are money transfers if using an app?

Money transfer apps do not have a speed advantage over online platforms, they simply add extra convenience. How fast transfers are processed largely depend on the respective providers’ transfer delivery policies. Here is a breakdown of estimated delivery times based on the payout methods supported.

  • Cash pickup: Transfers to cash pickup locations are usually delivered within minutes or a couple of hours.
  • Bank account: If a transfer is made to a beneficiary’s bank account, it may take 1-3 days depending on the transfer destination.
  • Mobile wallet deposit: Transfers to mobile wallets such as M-Pesa in Kenya, Paga in Nigeria and Rocket or bKash in Bangladesh are delivered within minutes. 
  • Airtime purchase: Where the mobile money company supports airtime purchase like the case of WorldRemit, Azimo, and Xoom, the top-ups are usually instant.

How to choose between different money transfer apps

At their most basic level, money transfer apps allow users to send money and or request money from customers or other users. However, it does not stop at this. Choosing the right app for your transfers can mean the difference between convenience and frustration, transfer delays, and could even save you money on your transfers. Here are some factors to consider when choosing a money transfer app.

  • Firmware stability: Some apps, especially those in their early versions, may have problems running smoothly on android or iOS platforms. While these are development issues, apps that freeze, crash, or fail to run may point to a weak design infrastructure which could even expose you to security threats. Ensure the app runs without hitches.
  • User-friendliness: The app layout, the positioning of features, and the ease of navigation are some of the indispensable features. Ideally, everything you need in an app should be within reach and conspicuously positioned. 
  • Cost: Find out how much it costs to use the service provided through your chosen money transfer app. Look at the transfer fees and exchange rates changed and compare with what other money transfer apps are charging. 
  • Countries supported: Ensure the app supports the destinations you to which you’ll be transferring funds. For instance, Remit2India and Kabayan have limited disbursement coverage. Providers like PaySend, TransferGo, Small World, and Azimo support more than 50 countries. Others like Venmo are designed for use with friends and family who trust one another.
  • Limits: Look at both the lower and upper sending limits permitted on the app and whether they cater to your needs.
  • Transfer speed and payment options: How fast are the speeds offered on the app? In most cases, speed is tied to the transfer payment and payout options. Ensure you check the payments that the app supports.
  • Platform security: Get to know the security measures such as SSL encryption technologies and payment rails safety integration ports the money transfer company uses. Having said that, the security of your app largely depends on how secure your mobile phone is. Do not disclose your PIN and always change it if you feel unsafe.

Find money transfer app alternatives

Alternatives to Cash App for International Money Transfers & Payments
Cash App is a simple and straightforward peer-to-peer (P2P) payments platform with an estimated 70 million users to date. On their website, Cash App claims to be “the easiest way to send, spend, bank, and invest,” and we will be investigating these claims by taking a closer look at the terms and conditions of the service. In this guide, we will walk readers through how this app works and what it is primarily used for and provide a rundown of the best alternatives for anyone sending money overseas.
Zelle Alternatives for International Transfers
Zelle is a money transfer provider used for peer-to-peer payments in the United States. While the service can be used in different situations and for multiple purposes, Zelle should really only be used to send money to friends, family or other trusted contacts. These terms of use restrict a number of potential clients, therefore, we have created this guide which presents a number of alternatives for anyone who needs to make international money transfers and payments to recipients outside of their circle of contacts.
Venmo Alternatives for International Transfers
Venmo is a mobile app that allows users to pay and request money from friends and family. The user-friendly design functions much like a social media platform and the intuitive interface is easy to use. Based in the US, this money transfer service is used for day-to-day remittances by millions of customers; but is it the best option for international money transfers and payments? In this guide we will provide an overview of how and why Venmo is used, as well as workable alternatives.
PayPal Alternatives for International Transfers
For many people around the world PayPal is their default payment method of choice for online transactions; but is it the best option for cross-border payments? In this guide we will run through the pros and cons of using PayPal for International Transfers, providing viable alternatives for customers looking to expand their horizons.

Digital wallet reviews

BudgetBakers
About Wallet by BudgetBakers Bank It has raised $434K in funds from four investors who are Rockway Capital, Petr Zamecnik, Ivan Svitek and Startup Yard. The app is also regulated and authorized by the Financial Conduct Authority, which indicates that it’s safe for the general public.  Can I use Wallet by BudgetBakers for international bank […]
Skrill
About Skrill In some ways, Skrill is unique in its market positioning. It’s not an uncommon payment service for primarily online businesses. Alongside PayPal, it’s interestingly one of the most common transfer services used by online casinos. At a glance, Skrill seems to offer low rates and several special bonuses. They also have their own […]

Summary

As the internet continues evolving into a powerful virtual environment, the shift to mobile applications in money transfers and payment automation is unstoppable. Money transfer companies are quickly realising the convenience, inexpensiveness, and simplicity that comes with money transfer apps, with more and more providers launching dedicated mobile apps.

Providers using web apps to facilitate online transfers are gradually becoming outmoded by those introducing mobile apps. However, not every app outside there is good for you, you need to first understand the money transfer app ecosystem. 

Get to know the companies behind the apps: their billing structure, the security protocols they have in place, the speed of their transfers, and the transfer payments and payout options they have available. By analysing these factors you’ll be able to find the right app for you.

One of the best ways to assess the performance of a money transfer app even before you install it is to check its rating on Play Store or App Store and what reviewers are saying. This can save you the frustration of having to deal with an unstable app or one that has so many limitations. Alternatively, you can use our comparison tool right here on this site to find the best money transfer app for you in minutes.

All money transfer apps

Facebook Pay
About Facebook Pay At its core Facebook is a social media network that was invited as a way to stay in touch with friends virtually. A concept developed in the dorms of Harvard University by students Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes: thee official Facebook company launched in 2004, in Massachusetts. Over […]
Yolt
About Yolt When Yolt was launched, its mission is to empower people to be smart with their money and help them do that through its services. Can I use Yolt for international bank transfers? Yes, you may use Yolt Pay for international bank transfers. Yolt Pay is Yolt’s payments feature that lets its users transfer […]
Plum
About Plum App Plum launched in 2016 and has grown in popularity since then. The myriad of money saving features means that it’s popular among customers that want to improve their finances.  Can I use Plum for international bank transfers? There is no functionality to send money when using Plum – it’s simply a money […]
Money Dashboard
About Money Dashboard  It blossomed into an app voted the UK’s Best Personal Finance App 2017, 2018, and 2020 at The British Bank Awards, owing to a funding injection from Calculus Capital and a tremendously successful crowdfund, which gave its users the option to own a piece in the company. The ambition to help all […]
Emma review
About Emma App It was founded in 2017 and has raised $5.8 million in investments. Some of the investors include Ithaca Investments, Connect Ventures, Tiny VC and The Family.  Can I use Emma for international bank transfers? You cannot send typical bank transfers using Emma. However, there is a functionality to send money to other […]
BudgetBakers
About Wallet by BudgetBakers Bank It has raised $434K in funds from four investors who are Rockway Capital, Petr Zamecnik, Ivan Svitek and Startup Yard. The app is also regulated and authorized by the Financial Conduct Authority, which indicates that it’s safe for the general public.  Can I use Wallet by BudgetBakers for international bank […]
Google Pay App
What is the Google Pay app? A culmination of Android Pay and Google Wallet, the Google Pay app officially entered the FinTech market in 2018. Originally an enterprise devised to be a digital mobile wallet, the Android equivalent to Apple Pay and Samsung Pay. The app has since been optimised for use on both iOS […]
Apple Pay App
What is the Apple Pay App? Apple Pay is a digital wallet and mobile payment solution that can be used on iOS apps, in-person and via the Safari browser. The Apple product launched on October 20th 2014: it is not available for Android users.  Apple Pay was designed to replace physical cards so you can […]
Zelle app
What is the Zelle app?  Zelle is a peer-to-peer money transfer app which was launched in the United States in 2017. Relatively new to the market, the Zelle app is fast, safe and easy to use, supporting US-only transactions. Any customers searching for a service which facilitates cross-border payments should check out our reviews of […]
PayPal app
About PayPal In addition to its merchant services, PayPal has also become a standard tool for international money transfers. The company is well-known for its security, ease of use, and acceptance as a payment method. So, let’s look at how PayPal international money transfers compare. What Is the PayPal App? PayPal burst onto the money transfer […]
Cash App
What is Cash App? As we inevitably edge closer towards a largely cashless society, digital payment providers like Cash App are working hard to offer their 36 million customers everything they need to arrange swift, stress-free online money transfers.  Cash App is a peer-to-peer (P2P) payment system which supports the sending and receiving of money […]
Venmo app
What is Venmo? Venmo is an American mobile payment service which functions primarily as a digital wallet. Founded in 2009, before being acquired by PayPal in 2013, the Venmo app mimics familiar social media features and facilitates convenient payment functions, such as peer-to-peer (also known as P2P) money transfers and in-store purchases. After over a decade […]

April Summers

April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.