Transferring Money Internationally on Mobile
As technology progresses, the number of people interested in conducting mobile money transfers with no human involvement is increasing. Companies like World First, Transferwise, Azimo, and FairFX have mastered the art of the swift, hassle-free registration process, and they are now offering the best international mobile money transfer providers.
Top Mobile-Friendly Foreign Currency Payment Apps
Check Our Reasoning Below
Additional Advantages of Our Top Rated Money Transfer Apps
All recommended money transfer apps are available for both iPhone and Android. They are both mobile phone and tablet friendly, so no matter which device you have, you can use the apps.
All apps featured on this webpage are authorised as payment facilities by the Financial Conduct Authority in the UK. Funds are loaded via bank wire or credit card.
The foreign exchange rates offered by these companies are far superior to those offered by banks or payment systems such as Paypal.
Using a Money Transfer App Vs. Desktop Application
When it comes to transferring money abroad the client has two prominent options (if he is using a top-notch Currency Transfer Companies that actually enables a mobile access). Each of these two options has its own advantages and disadvantages. Here is a table we have created in order to help you consider the alternatives:
Pros and Cons
- Easy to use
- Always There
- Zero Complexity - most straightforward
- Prone to Errors
- Unable to Speak on the Phone While Transferring
- Cannot Multi-Tab in Browser
- Less Safe than PC
Pros and Cons
- Less Prone to Errors
- In your Home Environment
- Multi-tabbing while Transferring is Easy
- You can Use the Telephone While Transferring
- Complete Fuctionality
- Less Intuitive
- Less Fun
- Unavailable on the Road
- More Time-Intense
The bottom line on mobile vs. non-mobile:
When you’re on your desktop, you can further concentrate, it is easier to multi-task and you know that you have all the various functionalities offered by your money transfer provider. This enables you, for instance, to check the interbank rates on google before performing the transaction, read the latest currency news to decide on the right timing for the transaction, or have a call with your money transfer company over the telephone or via email. We think it is the best way to go around if you are moving a significant amount of money abroad, or predicting difficulties (such as having to type the name of the recipient which is not yet saved in the system).
When you’re using a money transfer app, it is all very immediate and instant. If you want the transaction to take place as soon as possible, this is your best course of action. If you are an experienced user who has conducted many transactions and has full confidence in himself to do everything correctly, then it is very reasonable to use the money transfer app.
On the other hand, there are several security hazards to using sensitive information on apps. Mobile phones are considered generally less safe than their desktop counterparts, and Wifi networks in particular are known to be easy to hack into. Additional to the security aspect, there is the fact that typing information on mobile is prone to error, so if you are not sure you will get in everything correctly, you should lean towards using your mobile.
For me personally, it’s always the desktop application for larger transactions and the mobile app for smaller transactions.
Mobile Payment Apps & Providers
(Not for International Money Transfers)
Below you can find a list of recommended money transfer apps that don’t support multiple currencies. These companies are focused on easy peer to peer personal payments (eWallets).
Featured App – Circle Pay
Featured App – Neema: Best Remittances App to Philippines
In-depth App Analysis
Here at MoneyTransferComparison.com we specalise in reviewing FCA-approved money transfer companies. Even though app usage is becoming increasingly popular, it is an aspect often neglected by many of the companies we have reviewed to date (though most are mobile friendly).
View our in-depth reviews of the best money transfer apps for 2019:Additional Apps We recommend:
We have created a short list of expat apps for your pleasure here. These include all the important apps you may need on your relocation with the exception of money transfer apps which are featured on this page.
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