MoneyTransfers
On this page
/Comparison/WorldRemit vs Wise
vs

Worldremit vs Wise

The main difference between Worldremit and Wise is that Wise transaction fees comprise payment method fee and the fee charged by the provider while WorldRemit charges a transfer fee of 3.99 USD to most countries.

When you want to send money abroad, some of the questions you ask yourself revolve around transfer fees, exchange rates, and turnaround time. In fact, the evaluation criteria you will use for picking your preferred money transfer provider is likely to be anchored on these three cornerstones.

In this comparison we’re comparing two money transfer giants, WorldRemit vs Wise, formerly TransferWise. This comparison guide looks at the two providers, how they work, their pros and cons, transfer fees and exchange rates to help determine the best pick for your next transfer.

Yasmin Purnell
Author 
Yasmin Purnell
37 minutes
September 17th, 2025
Visit Wise
WorldRemit
Fees & Rates
9.1
Transfer Speed
8.0
Safety & Trust
9.0
Product Offering
9.0
Transfer Limits
8.0
Ease of Use
9.0
Customer Feedback
9.0
8.7
Overall
Wise
Fees & Rates
9.4
Transfer Speed
9.0
Safety & Trust
9.2
Product Offering
8.8
Transfer Limits
9.5
Ease of Use
10.0
Customer Feedback
8.5
9.2
Overall

How does WorldRemit compare to Wise?

WorldRemit is a leading online money transfer company incorporated on 22 December 2009 in the United Kingdom. It plays a key role in facilitating the transfer of billions of dollars that expatriates and immigrant workers send home to their families. With a customer base of more than 4 million, WorldRemit allows sending money from 50 countries to recipients in 150+ countries globally.

Compared to brick-and-mortar agents, WorldRemit gives its clientele a convenient, fast and low-cost alternative to sending money across borders.

Wise is another global brand in the money transfer industry. It claims a significant share of the $700 billion international remittance market. The company was incorporated in the United Kingdom on 31 March 2010. One of the standout features of Wise is that it processes international transfers at the mid-market rate. It doesn’t charge any exchange rate margin, and its transfer fees are lower compared to most providers and banks.

On paper, it may look simple to draw the line separating the two providers. However, in real practice, WorldRemit vs Wise comparison have overlapping or compensating strengths that make it a little difficult to prefer one over the other.

Which brand has lower fees?

Money transfer providers charge their transfer fees based on the transfer destination, the transfer payment option and the payout method. Cash pickups are normally costlier than direct-to-bank transfers.

Wise

Wise transaction fees comprise the payment method fee and the fee charged by the provider. Both fees are lumped together and change depending on the amount transferred. The fees are charged on a percentage basis and smaller transfers attract the highest fees in percentage terms. As the transfer amount increases to the regions of $5,000, the transfer fee settles lower.

Here are a few examples of various currencies and amounts:

USD
CAD, COP, GBP, INR, MXN, NGN, PKR, ZAR

Currency pair

Wise fees

Receive amount

USD / CAD
$8.76
$675.68
USD / COP
$18.38
$1,863,267.38
USD / GBP
$8.65
£360.24
USD / INR
$9.44
₹43,046.64
USD / MXN
$9.88
$8,966.6
USD / NGN
$10.72
₦736,312.58
USD / PKR
$10.23
Rs 137,882.5
USD / ZAR
$17.22
R 8,380.48
Last updated at 9/17/2025Download CSV
Scroll for more

WorldRemit

WorldRemit charges a transfer fee of 3.99 USD to most countries. When sending from the United Kingdom, you will be charged 2.99 GBP and from Australia 3.99 AUD.

Similarly, here's a summary of live fees for WorldRemit:

USD
CAD, COP, GBP, INR, MXN, NGN, PKR, ZAR

Currency pair

WorldRemit fees

Receive amount

USD / CAD
$2.99
$670.03
USD / COP
$1.99
$1,888,770.57
USD / GBP
$1.99
£354.59
USD / INR
$0.99
₹44,439.98
USD / MXN
$1.99
$8,899.78
USD / NGN
$0.99
₦751,081.56
USD / PKR
$1.99
Rs 140,214.72
USD / ZAR
$1.99
R 8,585.73
Last updated at 9/17/2025Download CSV
Scroll for more

✅ Winner

Both providers charge less when you send higher amounts but WorldRemit has lower fees at all levels of comparison.

If you're looking for the lowest fees, use our simple guide to find the cheapest way to send money abroad.

Which Brand Offers Better Exchange Rates?

Exchange rates for any given currency pair keep on rising and falling depending on market performance. For this reason, it makes much more sense to compare exchange rate margins instead. If you're just getting started, check out our guide on finding the best exchange rates.

Wise

Wise charges zero exchange rate margins. All transfers are processed at the mid-market rate for any currency pair. The exchange rates are guaranteed for a period of up to 48 hours, depending on the currencies being exchanged.

This is what Wise's live exchange rates look like.

USD
CAD, COP, GBP, INR, MXN, NGN, PKR, ZAR

Currency pair

Wise exchange rates

Receive amount

USD / CAD
1.3755
$675.68
USD / COP
3868.7500
$1,863,267.38
USD / GBP
0.7332
£360.24
USD / INR
87.7500
₹43,046.64
USD / MXN
18.2947
$8,966.6
USD / NGN
1504.8900
₦736,312.58
USD / PKR
281.5250
Rs 137,882.5
USD / ZAR
17.3588
R 8,380.48
Last updated at 9/17/2025Download CSV
Scroll for more

WorldRemit

WorldRemit makes money from exchange rate margins, which depend on the currency pair. It can be as low as 0.5% or as high as 1%. On its website, the provider displays an exchange rate calculator widget that can help you figure out how much the recipient will get.

This is what live WorldRemit exchange rates look like in comparison to Wise.

USD
CAD, COP, GBP, INR, MXN, NGN, PKR, ZAR

Currency pair

WorldRemit exchange rates

Receive amount

USD / CAD
1.3481
$670.03
USD / COP
3792.6358
$1,888,770.57
USD / GBP
0.7120
£354.59
USD / INR
89.0563
₹44,439.98
USD / MXN
17.8707
$8,899.78
USD / NGN
1505.1433
₦751,081.56
USD / PKR
281.5500
Rs 140,214.72
USD / ZAR
17.2401
R 8,585.73
Last updated at 9/17/2025Download CSV
Scroll for more

✅ Winner

Between WorldRemit vs Wise, Wise is a clear winner because of the mid-market rate. Even the tight margins of WorldRemit cannot beat that!

Which Brand Covers More Locations?

The countries you can send money from and those you can send money to for any given provider are crucial. If a provider covers fewer countries, it may inconvenience senders from other regions when transferring money home.

Wise

With Wise, you can send money to 59 countries worldwide in 52 currencies both exotic and standard.

WorldRemit

WorldRemit allows its customers to send money from 55 countries to 150+ countries and territories globally. It covers Africa, Americas, Asia, Australia Oceania, Europe and the Middle East.

✅ Winner

Looking at the numbers above, WorldRemit carries the day. It serves more countries and territories than Wise.

Which is Faster?

There are two main components that determine the speed of funds transfers. The first component is the length of time money takes from the sender's payment method such as a bank account to the provider. The second component is the time it takes for the transfer from the provider to the recipient.

Wise

Wise can takes 0-3 days for the money to get to the recipient. When making larger transfers it may take a little longer but for smaller transfers, it can take minutes.

WorldRemit

WorldRemit takes anything from minutes to about two days to get the funds to the recipient’s mobile, cash pickup location or bank account.

✅ Winner

Although it is too close to call, transfers made through WorldRemit score the highest in speed. Compared to Wise, WorldRemit serves more mobile wallets and has cash pickups which guarantee faster delivery times than direct bank deposits.

If you're looking for the fastest provider, use our simple guide to find the fastest way to send money internationally.

Which Brand Offers More Transfer & Payment Options?

In WorldRemit vs Wise comparison, the speed of transfer discussed above is mainly influenced by the transfer payment option and the payout method.

Wise

Wise offers bank deposits as the main payout option. When paying for your transfer you can choose debit or credit card, bank transfer, Facebook messenger, ACH bank debit, or bank wire transfer. If you are sending money to Indonesia, Ghana, the Philippines, Kenya or Bangladesh, you can now opt for mobile money which is instant.

WorldRemit

WorldRemit has six payout options which are mobile money, cash pickup, bank transfer, airtime top-up, door-to-door, and WorldRemit Wallet. Door to door cash delivery is only available when sending to Vietnam.

Depending on the country you are registered in, the provider allows you to pay for your transfer using any of the following payment methods. Debit or credit card, bank account transfer, Poli, Interac, iDEAL, Sofort, Google Pay, Apple Pay, and Trustly.

✅ Winner

WorldRemit has more transfer payment and payout options compared to Wise thus WorldRemit carries the day.

What Users Have to Say About Each Brand?

Wise

Wise has a total of 77,365 reviews on Trustpilot. Out of these, 94% are rated as ‘Excellent’ or ‘Great’ or experiences. Below are a few of the comments from customers.

  • Faster transfers

  • A simple platform to navigate

  • Affordable transfer fees

  • Very good rates

WorldRemit

WorldRemit has attracted a high percentage of positive customer reviews on Trustpilot and social media. On Trustpilot, WorldRemit has a total of 32,970 reviews 94% of which are rated either ‘Excellent’ or ‘Great’. This shows a high level of customer satisfaction. Most of the company customers cited the following experiences.

  • Faster transfers

  • Simple and interactive interface

  • Great exchange rates

  • Low transfer fees

✅ Winner

Wise has a lot of positive reviews almost double that of Wise. For this reason, it carries the day.

What Brand Offers Better Ease of Use, Accessibility & Security

Wise

Wise supports 12 languages on its website: English (both US and UK versions), German, French, Portuguese, Turkey, Spanish, Japanese, Polish, Romanian, Italian, Hungarian and Russian. In case you want to contact customer care, they are available on live chat, email and telephone.

The provider also has a mobile application available as a free download both on android and iOS platforms. Through the app, users can check rates, send money, make transfers, check historical transactions among other functionalities. With bank-grade security, 3D secure feature and two-factor authentication, customers can be assured of maximum protection.

In the various countries Wise operates, it is regulated by the respective bodies. Below is a list of all the regulatory authorities by country.

  • Financial Transactions Reports Analysis Centre of Canada (“FINTRAC”) in Canada.

  • Financial Conduct Authority (FCA) in the United Kingdom

  • Financial Crimes Enforcement Network (FinCEN) in the United States

  • Australian Securities and Investments Commission (ASIC)

  • Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

  • Customs and Excise Department (CCE) in Hong Kong

  • Reserve Bank of India (RBI)

  • Kanto Local Financial Bureau in Japan

  • Bank Negara Malaysia

  • Department of Internal Affairs in New Zealand

  • The Monetary Authority of Singapore

WorldRemit

WorldRemit has an easy to navigate website interface supporting 4 languages. You can browse in English, Danish, Spanish, French, and German. Apart from the FAQs, WorldRemit has an email and phone option to getting help from the customer helpdesk. The phone lines are grouped based on the region. WorldRemit also has an app available on Google Play and the App Store. The mobile application allows you to transfer money, track your transfers, check real-time exchange rates among other services.

WorldRemit takes customer security seriously. It has invested in industry-leading processes for screening transactions and has machine learning systems in place. It uses 3D Secure technology to ensure payment systems are protected. In addition, the provider is regulated by the Financial Conduct Authority (FCA) and expected to operate in accordance with the Electronic Money Regulations 2011 and Payment Service Regulations 2017.

✅ Winner

Wise is the most regulated, has more customer support channels and the website is accessible in 12 languages, 7 more than WorldRemit. Therefore, Wise is the winner.

Additional Features

Wise

The Wise Borderless Account (TBA) is a gamechanger in cross-border money transfer. Through the TBA account, customers can spend, send, and receive money in 30+ currencies from around the world at real exchange rates. You get bank details for countries around the world so that you can receive local money directly into your account at zero transfer fees.

Wise also gives its customers the Wise debit Mastercard for free. Users can spend through the card at no cost and withdraw up to £200 per month for free.

WorldRemit

WorldRemit doesn't offer any more additional featured other than the ones mentioned above.

✅ Winner

Wise has a well-developed product portfolio and with clear provisions for freelancers, e-commerce entities, and enterprises.

Transfer Examples

Sending various amounts with Remitly and Wise

To further understand the features discussed above for the WorldRemit vs Wise comparison, here are a few examples of sending money with Wise and WorldRemit for different amounts and currency pairs.

Amount
Last updated at 9/17/2025
USD
GBP
Mid Market Rate$1 = £0.73
Transfer Amount$1,000
1Wise
Wise
2WorldRemit
WorldRemit
Wise
Recipient gets
£725.09
Exchange rate
0.7326
Exchange rate markup
0.00%
Cheapest payment method
Bank transfer
Transfer fee
$10.29
Visit
WorldRemit
Recipient gets
£710.59
Exchange rate
0.7120
Exchange rate markup
2.85%
Cheapest payment method
Bank transfer
Transfer fee
$1.99
Visit
USD
PHP
Mid Market Rate$1 = ₱56.94
Transfer Amount$1,000
1WorldRemit
WorldRemit
2Wise
Wise
USD
NGN
Mid Market Rate$1 = ₦1,489.53
Transfer Amount$1,000
1WorldRemit
WorldRemit
2Wise
Wise
USD
ZAR
Mid Market Rate$1 = R 17.36
Transfer Amount$1,000
1WorldRemit
WorldRemit
2Wise
Wise

Bottom Line - Who Is Better?

To make this decision, we have to do a round-up of the different categories and see which of the two providers scores the highest.

Wise

Use Wise if you are looking for:

  • Domestic Payments – Wise was originally designed to make international transfers. However, due to customer demand, it now processes domestic EUR to EUR and USD to USD payments. WorldRemit handles only international transfers.

  • Overseas Payments – Wise has the best exchange rate (mid-market). Even with the lower WorldRemit fees, Wise still delivers more money to the recipient.

  • Business Payments – Wise has customised its portfolio to cater for e-commerce entities and enterprises.

  • Large Transactions -Wise is best for large transactions of up to USD 1 million, GBP 1 million and EUR 1.2 million in addition to other currencies.

WorldRemit

And WorldRemit for:

  • Smaller Transactions - For transactions below $100, WorldRemit is best suited for that. It delivers more money to the recipient than Wise.

  • Coverage - WorldRemit covers 150+ countries and this gives the provider a clear lead over Wise which has listed 59 supported countries on its official page.

✅ Winner

Overall, Wise is simply faster, quicker, and cheaper. However, WorldRemit does offer more coverage and transfer methods.

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Fees
0.1% - 2.6%
Exchange Rate Markup
0%
Transfer Speed
Minutes - 24 hours

FAQs

Can you use more than one money transfer company?
Which is cheaper for international transfers, Wise or WorldRemit?
Are there different money transfer providers by country?
What is better than Wise?
Do money transfer companies provide different deals?
Is it better to use a challenger bank or money transfer provider for international transfers?
  • If you do not have either one, here’s a quick overview of when it’s best to use Revolut or Wise:
    September 11th, 2025
  • Wise Business vs Sokin
    Wise Business wins in our comparison against Sokin because the product is a bit more rounded. Sokin is a relatively newer player to the business multi-currency account market, so is still developing its product.
    September 17th, 2025
  • Payoneer vs Airwallex
    Airwallex is our winner when comparing it with Payoneer. The company offers a well rounded platform which includes 12 local currency accounts. You can also customise expense management workflow.
    September 17th, 2025
  • Wise Business vs Airwallex
    Wise Business wins in our comparison against Airwallex. Wise pricing is a little better. But overall, both are a great option for businesses.
    September 17th, 2025
  • Zelle vs Venmo
    Zelle and Venmo are popular payment providers for customers based in America. Both companies exclusively handles domestic money transfers, a deal-breaker for anyone hoping to send money overseas. If international money transfers are on the agenda, you will need to look elsewhere as both Zelle and Venmo handle US-only transactions. Find out How to Transfer Money Within the USA.
    March 27th, 2025

Contributors

Yasmin Purnell
Yasmin is an accomplished Content Writer and Editor for MoneyTransfers.com, who specializes specializing in personal finance, student life, and business topics. Her reputation as a financial authority is acknowledged by top publications such as BBC Worklife, Cash Matters, Yahoo Finance, and CEO Blog Nation, which have featured her as a trusted source. She is also the founder of The Wallet Moth, a popular blog focusing on money and lifestyle.
Convert on the go with our currency app
  • Convert 25,000+ currencies

  • Get reviews & insights

  • No ads or subscriptions

  • Compare live transfer deals

Compare, save & shortlist in your account
  • Save your favourite searches

  • Shortlist providers

  • Sync between all your devices

  • Absolutely free