Payments apps have taken the world of money transfers by storm. We can simply pay for almost anything or send money to friends and family in a fast, easy, and secure way through our smartphones.
Sending money using a mobile app offers several advantages over using a website or in-person transfer. The best money transfer apps have the most straightforward user interface, have a high app store rating, involve no hidden fees, and a combination of security features that protect users to make the transfers safe and secure. These apps also come with consumer-specific needs and financial features such as international payments, virtual wallets, social options, etc.
Predominantly, banks were the leading players when it came to transferring money domestically or internationally. However, banks have been slow in embracing the digital transformation in the financial sector, giving rise to several third-parties money transfer apps to facilitate digital payments making transferring money between people easy and convenient.
Banks have also entered the online banking and mobile banking space with their banking apps. Conveniently, we can connect our bank accounts with these apps and get the money deposited directly into our accounts with a few taps on a smartphone.
CompareRemit, a leading online marketplace for remittance service providers, recently launched CompareRemit app to help users compare top money transfer companies' apps in terms of exchange rates, fees, speed, and more. The app is available on both iOS and Android systems.
The CompareRemit App is linked to top money transfer apps allowing users to be redirected to their preferred money transfer app and make a transfer seamlessly. This checkout feature is sure to enhance the user experience tremendously. Additionally, improved promo code and coupons integration in the app ensure personalized and faster access to offers by money transfer companies.
Is there an app to transfer money internationally? There are plenty! With so many choices and a plethora of features, it is important to research and find the best app for international money transfer most suited to your transfer needs.
In this blog, we have listed the best apps for international money transfers and what money transfer app is international to make it easier for you to pick one.
XE money transfer allows international payments on their website and app. XE is part of Euronet Worldwide Group, one of the largest money transfer businesses in the world.
Features of Xe money transfer app
Skrill is a digital wallet platform based in London that allows users to make payments and transfer money online. With Skrill international money transfers, you can choose from 40 different currencies and send money directly to a bank account, mobile wallet, email address, and phone number. Skrill offers zero transfer fees for an international money transfer to an overseas bank account.
Features of Skrill money transfer
Wise (formerly TransferWise) is a London-based online and mobile payment service known for its upfront fee and real exchange rates. It is currently available in 59 countries and allows money transfers to over 80 countries. Wise claims that the cost of transfer is 8x cheaper than average banks in the UK along with faster delivery. There is no maximum or minimum for a transfer.
Features of Wise money transfer app
Remitly is an online-based money transfer provider offering affordable, quicker, and convenient money transfer services. Currently, it allows money transfers from 17 countries, including the USA, Canada, United Kingdom, Singapore, and Australia, to over 90 countries. You can send money either on their website or app.
Features of Remitly money transfer app
ICICI Bank Money2India
ICICI Bank is one of India?s largest banks. ICICI Bank launched Money2India in 2002 to facilitate money transfer services to India from countries like the USA, Singapore, and UAE. Money2India is one of the best choices to send money to India for quick transfers to ICICI bank accounts in India. The Money2India mobile app was launched in 2013 to enhance the ease of transactions and be more customer-centric.
Features of ICICI Bank Money2India money transfer app
State Bank of India-California (SBIC) is a full-service bank offering an extensive portfolio of commercial lending solutions, personal and business banking products, and international services. SBIC, a fully owned subsidiary of State Bank of India, has several branches in the state of California, with headquarters in Downtown Los Angeles.
SBIC is one of the fastest ways to send remittances to India from anywhere. There are three ways to transfer money: Online, SBIC Mobile App, or at any SBIC branch. Use SBIC app to transfer money internationally for free.
Features of State Bank of India-California (SBIC) money transfer app
Instarem is an online remittance service provider based in Singapore and regulated by nine financial regulators. Like Wise, it offers transparent fees and real mid-market exchange rates. It allows customers to send money to 55+ countries via its global network of 8000+ banks. They charge a percentage of your transfer amount as a fee (varies between 0%-1% depending on the sending countries and transfer corridors).
Features of Instarem money transfer app
Panda Remit is an international remittance service founded in Hong Kong by Wo Transfer Limited with investment from world-famous investors such as SEQUOIA and Light Speed. They have offices in Hong Kong, Sydney, Tokyo, Hangzhou, Denver, and Singapore. Panda Remit offers money transfer services across 30+ countries.
Features of Panda Remit money transfer app
Pangea is a remittance service provider offering fast, secure, easy and affordable international money transfers to bank accounts and debit cards in 40 countries worldwide. Money transfers are done with just a few taps and received within minutes. Pangea?s digital-first remittance platform can be integrated with any third party, enabling partners to offer international money transfers in their partner apps or websites.
Features of Pangea money transfer app
Paysend is a money transfer company based in the UK, with over 5 million people using it for their international money transfers. It is the first payment company to introduce global card-to-card transfers. Paysend currently serves 135,000+ SMEs across the globe and supports connections between 12 billion cards worldwide across Mastercard, Visa, China UnionPay, and local card schemes in several countries.
Paysend money transfer app helps you send funds to over 100 countries worldwide with its simple, fast, and low-cost transfer services.
Features of Paysend money transfer app
As we have discussed, there are diverse apps for international money transfers, each with its perks and drawbacks. One app may be only suitable for some, while it may not be the best choice for others.
For instance, some apps may be only available to users of certain countries. Also, factors like transfer cost, transfer limit, transfer speed, and geographic location of the senders and recipients have to be considered when picking which app is best for international money transfer. Download the CompareRemit App to compare and find the best app for international money transfer today, or visit our Compare Rates page to get started on your first money transfer service comparison today.
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