WorldRemit is only one of numerous money transfer services which have grown in popularity in recent years. Especially following the coronavirus outbreak. Money transfer services are ideal for transferring cash, and because of a lot of competition, they’re now a pretty inexpensive and simple method to do it. WorldRemit is a London-based company that was launched in 2010. It competes with companies like Azimo, Lebara Money Transfer, CurrencyFair, Transferwise, PayPal, Zelle, and others.
You may use a computer browser or an app to use the service. Moreover, the firm intends to give cheap rates if you need to send money internationally. This is especially true when WorldRemit is pitted against established companies in the money transfer sector, such as Western Union.
What you will see here?
What is WorldRemit?
WorldRemit allows you to send money utilizing an entirely online service that is popular due to its low rates and great alternatives for moving money around using an iOS or Android app.
Because it offers a variety of alternative methods for transmitting money, the money transfer service is very adaptable. Debit, credit, and prepaid cards are available, as well as bank transfers, Klarna, Interac, iDEAL, Poli, Apple Pay, and Trustly. WorldRemit, on the other hand, no longer supports Google Pay.
While its rates appear to be competitive, the determination of the price you pay is by the destination of your funds. The cost of a transfer varies based on the method used and the currency used.
However, with WorldRemit’s capacity to send money from over 50 nations to over 150, there’s plenty of room for transfers. WorldRemit has worked with M-Pesa, Metrobank, MTN, EcoCash, and other localized financing companies to make the transfer procedure easier.
One can receive transfers like bank deposits and can receive them quickly, in some circumstances in under 10 minutes. Cash pickup, mobile money, and also airtime top-up are all options for beneficiaries. When the transfer is complete, WorldRemit sends you and the beneficiary an SMS. There’s also the assurance of FCA clearance and a complete operation license.
Features of WorldRemit
WorldRemit is a wonderful pick if you’re searching for a lot of possibilities when it comes to money transfers. Currently, the platform allows users to send money to over 150 countries from over 50 different nations. This is just by WorldRemit’s partnerships with companies such as M-Pesa, Metrobank, MTN, EcoCash, and others.
WorldRemit excels at ensuring a smooth and satisfying experience, with transfers that one can receive as bank deposits in as little as 10 minutes, cash collection, mobile money, and an airtime top-up. It’s feasible to create a contact list of beneficiaries if you’re likely to pay money to the very same people on a frequent basis.
When a transfer is complete, WorldRemit will give the client and the beneficiary of the money an SMS or email alert, and also the service is FCA certified and fully licensed. In addition, to safeguard client transfers, WorldRemit uses the most up-to-date technical standards.
Pricing
When it comes to knowing how much you’ll spend for a transfer, using the WorldRemit website to set up your transfer and then viewing the associated expenses is a smart practical method to do it.
Because of the many variables involved in moving money from one country to another throughout the world, the price isn’t fully set. The cost of a transfer might also vary based on the method used and the currency used. Despite this, WorldRemit continues to be commended for its low costs.
Performance
WorldRemit is a web-based money transfer service that allows you to send money quickly and easily. All you have to do is register on the site and establish an account. Alternatively, the app for iOS or Android is an excellent choice because it provides a little more mobile convenience.
Given that WorldRemit offers a variety of transfer methods, including WorldRemit Wallet, cash pickup, mobile money, bank transfers, and AirTime Top-Up, the service has been thoughtfully designed to function well with all of them.
Support
Despite the fact that transferring money does not need a lot of effort, WorldRemit provides peace of mind by including a Help Hub on its website. You’ll find answers to any questions you have regarding the service and its capabilities here.
There are FAQs that cover most issues, and there’s a handy tiny chat-style feature in the bottom left corner of your web browser that does a great job of pointing you in the right direction.
This virtual assistant also provides links to useful videos on key topics. If the FAQs and Chat solutions don’t suffice, there are email and phone alternatives accessible, with numbers accessible for all of WorldRemit’s geographical locations.
Easy to Use
It’s just as simple to use WorldRemit as it is to use most of the existing services in this space. Picking a money transfer destination, confirming the service, selecting the sum of money you wish to send, and identifying a receiver for the cash are all important steps in the process. After that, you’ll need to choose a payment option, and then you’ll be ready to go.
Conclusion
WorldRemit is a convenient money transfer service for all types of consumers, but it will particularly appeal to those who do not have easy access to traditional banking services. WorldRemit has established a helpful set of choices for transferring payments quickly and easily, including mobile to mobile, which brings a nice twist to the money-moving theme.
The service is strictly regulated by the Financial Conduct Authority of the United Kingdom, and WorldRemit itself has significant international links. The upside is that the transfer services it provides are reasonable in price and, in most cases, rather efficient. In the money transfer business, there is a lot of competition, and WorldRemit is doing an excellent job of convincing people that it is just as good as any other alternative.
