WorldRemit vs Wise Comparison

Wise, known for its transparent fee structure and mid-market exchange rates, revolutionizes the way individuals and businesses manage and transfer money across borders. With its multi-currency account and debit card, Wise caters to a global audience seeking efficiency and affordability.

On the other hand, WorldRemit specializes in providing diverse transfer options, including cash pickup and mobile airtime top-ups, making it a favorite for users needing to send money to over 130 countries worldwide.

This comparison aims to highlight the key features, advantages, and ideal use cases for each service, helping you decide which is best suited for your international money transfer needs.

Customers

Company NameWorldRemitWise
Logowise new logo
WorldRemit ReviewWise Review
Customer Rating4.2/54.6/5
# Rating Customers52,260203,000+
Top 3 Pros
  • Easy to use
  • Wide reach including Africa
  • Multiple transfer options
  • Transparent fees
  • Mid-market rates
  • Multi-currency account
Top 3 Cons
  • Transfer limits
  • No FX hedging
  • No multi-currency debit card
  • No cash pickup option
  • Limited to online and app
  • No dedicated dealer

Availability

Company NameWorldRemitWise
Logowise new logo
Office LocationsGlobal, with a focus on AfricaGlobal, headquartered in the UK
# Currencies130+50+

Security

Company NameWorldRemitWise
Logowise new logo
Regulated byFCA, ASIC, and othersFCA, FinCEN, and others
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameWorldRemitWise
Logowise new logo
Min TransferΒ£1Β£1
Max TransferVaries by countryΒ£1,000,000
Fixed FeesVaries by country and methodVaries by currency and method
See rates before you log in?YesYes

Customer Support

Company NameWorldRemitWise
Logowise new logo
Dedicated DealerNoNo
EmailYesYes
PhoneYesYes
Live ChatNoYes
24/7NoYes

Ways to Transfer

Company NameWorldRemitWise
Logowise new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoYes
Cash PickupYesNo
Card Top-UpYesNo

Additional Functions

Company NameWorldRemitWise
Logowise new logo
HedgingNoNo
Mass PaymentsNoYes
Cash ChequesNoNo
Multi-Currency Debit CardNoYes

Conclusion

On MoneyTransferComparison, Wise has received a higher editorial score. The advantages of Wise over WorldRemit are these:

  • Transparent fees with no margin on the exchange rate.
  • Robust multi-currency account.
  • Multi-currency debit card that is highly beneficial for travelers and those dealing with multiple currencies.

Wise is better for individuals and businesses looking for the best exchange rates, those who need to manage money in multiple currencies, and travelers who can benefit from the Wise debit card.

WorldRemitΒ is better for those who need to send money for cash pickup, want to top up mobile airtime, or prefer a service with a wide reach, especially in African countries.