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The main difference between WorldRemit and Wise is the coverage, features and the fees.
Wise is cheaper for traditional currencies (EUR, USD, GBP, etc), while WorldRemit is cheaper for harder to reach areas (for example PHP and NGN).
WorldRemit offers airtime transfers, while Wise has a multi-currency account.
Wise vs WorldRemit: Who wins?
Overall, Wise is better than WorldRemit for international money transfers, unless you need to send airtime.
If you do not have either one, here’s a quick overview of when it’s best to use WorldRemit or Wise:
Wise is better for… | WorldRemit is better for… |
|---|---|
|
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Exchange rate & fees
It's a tie. Both companies offer very competitive fees and rates for international transfers.
The main difference is where you are sending money, with little impact from the transfer amount.
Here's a quick WorldRemit vs Wise comparison of the fees.
Wise
Here's a table summarising Wise's live exchange rates and fees for different transfer amounts and currencies.
Wise is clearly better for transfers to more common currencies like GBP, CAD and ZAR.
However, even on $10,000 transfer, the difference is not as big as with some others.
Currency pair | Wise exchange rate | Wise transfer fee | Receive amount |
|---|---|---|---|
USD / CAD | 1.3947 | $8.76 | $685.13 |
USD / COP | 3890.0000 | $18.38 | $1,873,501.8 |
USD / GBP | 0.7467 | $8.65 | £366.87 |
USD / INR | 88.7900 | $9.44 | ₹43,556.82 |
USD / MXN | 18.3278 | $9.88 | $8,982.82 |
USD / NGN | 1487.2800 | $10.72 | ₦727,696.36 |
USD / PKR | 281.4000 | $10.23 | Rs 137,821.28 |
USD / ZAR | 17.1669 | $17.22 | R 8,287.84 |
WorldRemit
Similarly, this is what WorldRemit looks like for the same currencies and amounts.
Contrary to Wise, WorldRemit gets you more money for harder to reach areas like NGN, PKR, INR.
Currency pair | WorldRemit exchange rate | WorldRemit transfer fee | Receive amount |
|---|---|---|---|
USD / CAD | 1.3668 | $2.99 | $679.29 |
USD / COP | 3790.5646 | $1.99 | $1,887,739.08 |
USD / GBP | 0.7251 | $1.99 | £361.1 |
USD / INR | 89.9696 | $0.99 | ₹44,895.73 |
USD / MXN | 17.9026 | $1.99 | $8,915.65 |
USD / NGN | 1472.6202 | $0.99 | ₦734,852.23 |
USD / PKR | 281.2500 | $1.99 | Rs 140,065.31 |
USD / ZAR | 17.0267 | $1.99 | R 8,479.47 |
Here are a few examples of how both look side by side when sending different amounts abroad.
It's fairly clear that both companies are good and largely vary by currencies involved regardless of the transfer amount.
This is why we always recommend running a quick comparison to see what fits your exact needs.
Transfer speed
Although it is too close to call, transfers made through Wise score the highest in speed.
Compared to WorldRemit, Wise is much faster on average, even for larger transfers.
However, WorldRemit's cash transfer almost guarantees instant transfer, but it is limited to how much you can send.
Here's a quick overview of Wise and WorldRemit:
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.
On average, Wise takes a few minutes to 24 hours to get the transfer sorted.
When making larger transfers it may take a little longer but for smaller transfers, it usually takes minutes.
WorldRemit on the other hand takes anything from minutes to about two days to get the funds to the recipient’s mobile or bank account.
However, with WorldRemit, cash pickup is usually instant, but you'll be limited on how much you can send.
If you're looking for the fastest provider, use our simple guide to find the fastest way to send money internationally.
Transfer limits
Wise wins here too.
Wise's limits reach millions (more below) while WorldRemit is caped in the thousands.
For this comparison, we are specifically talking about the service limits, not the limits imposed by your bank.
For example, some banks may block large transactions if you don't let them know in advance.
If you are planning to make a large transfer, make sure to let your bank know in advance to avoid delays.
Here's how WorldRemit and Wise compare in a nutshell.
Product offering
Wise is the winner when it comes to the offering and features.
Although WorldRemit has very competitive product, it is geared towards niche use cases such as sending airtime or mobile money.
Wise on the other hand has more features, similar coverage, a business account, and multi-currency account for travelling.
Here's how the 2 companies compare side-by-side in terms of coverage.
Wise supported destinations
With Wise, you can send money to 50 currencies in 170 countries.
Here's a detailed breakdown of all locations covered by Wise along with the fees.
Country | Wise fee |
|---|---|
Afghanistan | $23.02 |
Åland | $12.77 |
Albania | $23.02 |
Algeria | $23.02 |
American Samoa | $9.03 |
Andorra | $12.77 |
Angola | $23.02 |
Antigua and Barbuda | $23.02 |
Argentina | $39.38 |
Armenia | $23.02 |
Australia | $12.91 |
Austria | $12.77 |
Azerbaijan | $23.02 |
Bahamas | $23.02 |
Bahrain | $23.02 |
Bangladesh | $44.58 |
Barbados | $23.02 |
Belarus | $23.02 |
Belgium | $12.77 |
Belize | $23.02 |
Benin | - |
Bermuda | $23.02 |
Bhutan | $23.02 |
Bolivia | $23.02 |
Bosnia and Herzegovina | $23.02 |
Botswana | - |
Brazil | $25 |
Brunei | $23.02 |
Bulgaria | $15.23 |
Burundi | $23.02 |
Cambodia | $23.02 |
Cameroon | $23.02 |
Canada | $12.95 |
Cape Verde | $23.02 |
Cayman Islands | $23.02 |
Chile | $20.85 |
China | $22.89 |
Colombia | $48.02 |
Comoros | $23.02 |
Congo [DRC] | $23.02 |
Costa Rica | $38.17 |
Croatia | - |
Cuba | $23.02 |
Curacao | $23.02 |
Cyprus | $12.77 |
Czech Republic | $14.39 |
Denmark | $13.04 |
Djibouti | $23.02 |
Dominica | $23.02 |
Dominican Republic | $23.02 |
East Timor | $9.03 |
Ecuador | $9.03 |
Egypt | $29.82 |
El Salvador | $9.03 |
Equatorial Guinea | $23.02 |
Eritrea | $23.02 |
Estonia | $12.77 |
Ethiopia | $23.02 |
Fiji | - |
Finland | $12.77 |
France | $12.77 |
Gabon | $23.02 |
Gambia | $23.02 |
Georgia | $34.46 |
Germany | $12.77 |
Ghana | $32.32 |
Gibraltar | $23.02 |
Greece | $12.77 |
Grenada | $23.02 |
Guam | $9.03 |
Guatemala | - |
Guinea | $23.02 |
Guinea-Bissau | - |
Guyana | $23.02 |
Haiti | $23.02 |
Honduras | $23.02 |
Hong Kong | $13.58 |
Hungary | $16.62 |
Iceland | $23.02 |
India | $16.31 |
Indonesia | $16.48 |
Iran | $23.02 |
Iraq | $23.02 |
Ireland | $12.77 |
Israel | $17.97 |
Italy | $12.77 |
Ivory Coast | - |
Jamaica | $23.02 |
Japan | $15.25 |
Jordan | $23.02 |
Kazakhstan | $23.02 |
Kenya | $28.68 |
Kiribati | $12.91 |
Kosovo | $12.77 |
Kuwait | $23.02 |
Kyrgyzstan | $23.02 |
Laos | $23.02 |
Latvia | $12.77 |
Lebanon | $23.02 |
Lesotho | $23.02 |
Liberia | $23.02 |
Libya | $23.02 |
Liechtenstein | $13.47 |
Lithuania | $12.77 |
Luxembourg | $12.77 |
Macedonia | $23.02 |
Madagascar | $23.02 |
Malawi | $23.02 |
Malaysia | $14.34 |
Maldives | $23.02 |
Mali | - |
Malta | $12.77 |
Mauritius | $23.02 |
Mexico | $18.25 |
Micronesia | $9.03 |
Moldova | $23.02 |
Monaco | $12.77 |
Mongolia | $23.02 |
Montenegro | $12.77 |
Morocco | $48 |
Mozambique | $32.64 |
Myanmar [Burma] | $23.02 |
Namibia | $27.01 |
Nepal | $24.34 |
Netherlands | $12.77 |
New Zealand | $13.13 |
Nicaragua | $23.02 |
Niger | - |
Nigeria | $18.33 |
Norway | $13.15 |
Oman | $23.02 |
Pakistan | $18.44 |
Palau | $9.03 |
Panama | $23.02 |
Papua New Guinea | $23.02 |
Paraguay | $23.02 |
Peru | - |
Poland | $14.25 |
Portugal | $12.77 |
Puerto Rico | $9.03 |
Qatar | $23.02 |
Romania | $14.2 |
Russia | - |
Rwanda | $23.02 |
Saint Lucia | $23.02 |
Saint Vincent and the Grenadines | $23.02 |
Samoa | $23.02 |
San Marino | $12.77 |
Saudi Arabia | $23.02 |
Senegal | - |
Serbia | $23.02 |
Seychelles | $23.02 |
Sierra Leone | $23.02 |
Singapore | $13.54 |
Slovakia | $12.77 |
Slovenia | $12.77 |
Solomon Islands | $23.02 |
Somalia | $23.02 |
South Africa | $25.44 |
South Korea | $19.41 |
Spain | $12.77 |
Sri Lanka | $16.94 |
Sudan | $23.02 |
Suriname | $23.02 |
Swaziland | $23.02 |
Sweden | $13.57 |
Switzerland | $13.47 |
Syria | $23.02 |
Taiwan | $23.02 |
Tajikistan | $23.02 |
Tanzania | $43.14 |
Thailand | $18.67 |
Togo | - |
Tonga | $23.02 |
Trinidad and Tobago | $23.02 |
Tunisia | $23.02 |
Turkey | $18.21 |
Turkmenistan | $23.02 |
Uganda | $17.27 |
Ukraine | - |
United Arab Emirates | $15.61 |
United Kingdom | $13.58 |
United States | $9.03 |
Uruguay | $39.93 |
Uzbekistan | $23.02 |
Vanuatu | $23.02 |
Venezuela | $23.02 |
Vietnam | $18.64 |
Yemen | $23.02 |
Zambia | - |
Zimbabwe | $9.03 |
WorldRemit supported destinations
WorldRemit on the hand supports 73 currencies and 130 countries.
Here's a detailed breakdown of all locations covered by WorldRemit along with the fees.
As you can see, their fees are much lower in Africa, Asia, and the Middle East.
Country | WorldRemit fee |
|---|---|
Afghanistan | - |
Åland | - |
Albania | - |
Algeria | - |
American Samoa | - |
Andorra | - |
Angola | - |
Antigua and Barbuda | - |
Argentina | - |
Armenia | - |
Australia | - |
Austria | - |
Azerbaijan | - |
Bahamas | - |
Bahrain | - |
Bangladesh | - |
Barbados | - |
Belarus | - |
Belgium | - |
Belize | - |
Benin | - |
Bermuda | - |
Bhutan | - |
Bolivia | - |
Bosnia and Herzegovina | - |
Botswana | - |
Brazil | - |
Brunei | - |
Bulgaria | - |
Burundi | - |
Cambodia | - |
Cameroon | - |
Canada | $2.99 |
Cape Verde | - |
Cayman Islands | - |
Chile | - |
China | - |
Colombia | $1.99 |
Comoros | - |
Congo [DRC] | - |
Costa Rica | - |
Croatia | - |
Cuba | - |
Curacao | - |
Cyprus | - |
Czech Republic | - |
Denmark | - |
Djibouti | - |
Dominica | - |
Dominican Republic | - |
East Timor | - |
Ecuador | - |
Egypt | - |
El Salvador | - |
Equatorial Guinea | - |
Eritrea | - |
Estonia | - |
Ethiopia | - |
Fiji | - |
Finland | - |
France | - |
Gabon | - |
Gambia | - |
Georgia | - |
Germany | - |
Ghana | $0 |
Gibraltar | - |
Greece | - |
Grenada | - |
Guam | - |
Guatemala | $1.99 |
Guinea | - |
Guinea-Bissau | - |
Guyana | - |
Haiti | - |
Honduras | - |
Hong Kong | - |
Hungary | - |
Iceland | - |
India | $0.99 |
Indonesia | $1.99 |
Iran | - |
Iraq | - |
Ireland | - |
Israel | - |
Italy | - |
Ivory Coast | - |
Jamaica | - |
Japan | - |
Jordan | - |
Kazakhstan | - |
Kenya | - |
Kiribati | - |
Kosovo | - |
Kuwait | - |
Kyrgyzstan | - |
Laos | - |
Latvia | - |
Lebanon | - |
Lesotho | - |
Liberia | - |
Libya | - |
Liechtenstein | - |
Lithuania | - |
Luxembourg | - |
Macedonia | - |
Madagascar | - |
Malawi | - |
Malaysia | $2.99 |
Maldives | - |
Mali | - |
Malta | - |
Mauritius | - |
Mexico | $1.99 |
Micronesia | - |
Moldova | - |
Monaco | - |
Mongolia | - |
Montenegro | - |
Morocco | - |
Mozambique | - |
Myanmar [Burma] | - |
Namibia | - |
Nepal | $0.99 |
Netherlands | - |
New Zealand | - |
Nicaragua | - |
Niger | - |
Nigeria | $0.99 |
Norway | - |
Oman | - |
Pakistan | $1.99 |
Palau | - |
Panama | - |
Papua New Guinea | - |
Paraguay | - |
Peru | - |
Poland | - |
Portugal | - |
Puerto Rico | - |
Qatar | - |
Romania | - |
Russia | - |
Rwanda | - |
Saint Lucia | - |
Saint Vincent and the Grenadines | - |
Samoa | - |
San Marino | - |
Saudi Arabia | - |
Senegal | - |
Serbia | - |
Seychelles | - |
Sierra Leone | - |
Singapore | - |
Slovakia | - |
Slovenia | - |
Solomon Islands | - |
Somalia | - |
South Africa | $1.99 |
South Korea | - |
Spain | - |
Sri Lanka | - |
Sudan | - |
Suriname | - |
Swaziland | - |
Sweden | - |
Switzerland | - |
Syria | - |
Taiwan | - |
Tajikistan | - |
Tanzania | - |
Thailand | $1.99 |
Togo | - |
Tonga | - |
Trinidad and Tobago | - |
Tunisia | - |
Turkey | - |
Turkmenistan | - |
Uganda | - |
Ukraine | - |
United Arab Emirates | - |
United Kingdom | $1.99 |
United States | - |
Uruguay | - |
Uzbekistan | - |
Vanuatu | - |
Venezuela | - |
Vietnam | - |
Yemen | - |
Zambia | - |
Zimbabwe | - |
Payment methods
In WorldRemit vs Wise comparison, the speed of transfer discussed above is mainly influenced by the transfer payment option and the payout method.
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.
Wise also offers multiple local payout options depending on the country (for example Interac e-transfer in Canada) and many more.
Another benefit of Wise is the P2P transfers, meaning you can send money between Wise users for free, regardless of where they are located.
WorldRemit has six payout options.
These 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 money to Dominican Republic.
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.
WorldRemit also offers airtime transfers and mobile top-ups. These are not offered by Wise.
Additional features comparison
Here's a quick comparison of other features offers by WorldRemit and Wise.
The main advantage Wise has over WorldRemit is the multi-currency account and the debit card.
Through the Wises currency account, you 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.
With Wises debit Mastercard you can spend money at no extra cost and withdraw up to £200 per month for free.
Business accounts
This one is easy, WorldRemit offers no business transfers, hence, Wise is the clear winner here.
Wise offers a very competitive suit of business features and tools.
Check out our Wise Business review below to learn more, or run a quick search if you need to send money from a business account.
Customer service and experience
It's a tie.
Online-only services usually have "ok" support and service, but not superb as with currency brokers.
This is the biggest downside of self-managed companies (meaning you make your own transfer), you are responsible for chasing for the answers.
Here's how the WorldRemit vs Wise compare in terms of support:
You can contact both companies over the email and find helpful articles on their websites.
In fact, Wise does offer much better educational material, but it's not always as helpful as speaking to someone who cares on the phone.
Ease of use
When it comes to usability, Wise is the winner.
WorldRemit has been struggling recently, their website is a bit dated and breaks at times, as well as you can't send money online to many locations (all goes through the app).
Wise on the other hand is incredible. Their entire eco-system (website, platform, app, cards) are built to work together regardless of where you are.
I've been using Wise for multiple years now, and always grab my Wise card with me when going abroad.
Here's a video review of both companies if you want to see them in action and learn a bit more.
Wise video overview
WorldRemit video overview
Safety and regulations
Wise is more regulated than WorldRemit.
Wise is regulated by FinCEN, FCA, ASIC, MAS, BSP, CNBV, BNM, KLFB, CMISA, BI, RBI, CCE, BCB, NBB, DIA, while WorldRemit is only regulated by the FCA.
What are regulators?
In simple terms, for a company to be able to make transfers from a country, it needs someone in that country to give it a stamp of approval.
That someone is usually a financial regulator. And it is different in every country, state, or region.
This does not mean WorldRemit is not safe, both companies are legit, and safe to use to send money abroad.
Here's a quick summary of the safety features offered by WorldRemit and Wise side-by-side.
Customer feedback
Of the two, Wise has better feedback online, and from our users.
Wise has a over 200,000 reviews on Trustpilot and 4.4/5 rating. Out of these, 87% are rated as ‘Excellent’ or ‘Great’.
WorldRemit on the other hand has 92,000 reviews on Trustpilot, with 3.8 rating with 81% of reviews being ‘Excellent’ or ‘Great’.
This is a big gap between the two companies, but clearly Wise is the preferred option.
Here's how Wise vs WorldRemit compare side-by-side in terms of user feedback.
Our users at MoneyTransfers.com also rated Wise better than WorldRemit (marginally, but still better).
Here are the most recent user reviews for both companies.
Wise user reviews
Comments
Alan
Unable to transfer money from Philippines to any other country. Philippines Wise does not work
Anonymous
Retiro de dinero en transferencia
Uwe
great rates and service - unfortunately for some countries not yet available
Martin Premprakash Anantharaman
On the first transfer to a hospital in NY they were already screaming that this was a sure scam and the same on my next transfer to a fried in Nigeria. They then summarily closed my account TERMINATING THE RUNNING TRANSFER TO NIGERIA, claiming that, hold on, I was being scammed🤦♂️ Sure, I could have appealed but immediately found that I would have had to provide so much intrusive detail that I desisted.
Martin Premprakash Anantharaman
Setting up is a bit unwieldy if you want to make a one-off transfer, as you have to create an account with complete identification - but it works and the process as well as charges are great.
Anonymous
My brother wants to send me money from India to Nigeria but he's finding it difficult how can he do it
Mohammed
WARNING : Wise was Great until main office decided to ruin WISE By letting the TW India office control handling Random verifications and do what ever they want by insane replies and no replies etc.
If you want to waste your time and enjoy a journey into Black Hole of Insane then go ahead and try WISE !
Anonymous
Can't receive money from php to idr so far
sudheir
They don't allow transfer to Brokerage firms from India
Anonymous
Good app to transfer money
WorldRemit user reviews
Comments
Anonymous
Very misleading, live exchange rate does not match with their app is showing. Fast and seems to be secure, I use them when I'm in need to send fund ASAP.
Anonymous
different price from shown here
Anonymous
exchange rates on comparison website are quite high
Anonymous
Only phone app.
Stanley Davidson
After setting up a valid account with all true and real identity, the system blocked me without any valid reason. Upon calling Customer Service & requesting a reconsideration & a valid reason why I was blocked, Customer Service said that I "violated some TOUs" (Terms Of Use) without stating exactly what I did. My ONLY action was an ATTEMPT to do a normal wire transfer. One can't do anything but to do a wire transfer, & it WAS NOT completed. How do they block my account for something, whatever it was, that I supposedly committed? When I requested the reason for the block they'd said that "it's Company policy to not provide reason(s) why an account is blocked", so exactly how am I supposed to not do something if I re-read their Policy against such action when I can't find why I was blocked? It was asked repeatedly why/what Policy(ices) was/were broken enough to cause the account to be blocked, but they'd completely refused to answer or acknowledge the question, they'd just kept completely silent. That ended the conversation because anything further would remain in total silence, so it was useless to ask anymore questions.
I will be 💯% posting this exact statement on www.trustpilot.com for the world to see how undeserving this company is when mistreating a customer for no valid reason. Please enjoy the review!!!
Anonymous
Awesome service
Anonymous
I cannot figure out how to fund my transfer with my bank account instead of a debit card. The Chat service took way to long to answer my questions. Frustrating experience.
Robert Myles
Hi All
a good place to send money to ghana
Jake Reynolds
Is this company an app? Or does it run a proper website? Who knows? Customer service is only through their app so I am guessing that if you dont do 100% of your transactions through your phone, forget WorldRemit. I dont use my phone because after all the extra strong passwords, and bio id, and 2 step verify, and whatever comes next they are STILL UNSECURE.
Anonymous
The money I sent got stuck without a return because I couldn't provide a bank statement as proof. The bank account I was having didn't have that privilege. All requirements should be stated beforehand.
Alternative to Wise & WorldRemit
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