The international remittance industry is pivotal for the global economy, facilitating cross-border payments for individuals and businesses. It encompasses various companies, from well-established financial giants to nimble fintech startups. Many companies focus on speedy money transfers, digital payment solutions, and improved user experiences, driven by advancements in technology. A significant trend is the increasing shift towards mobile platforms, which cater to the growing demand for more accessible services. Additionally, companies are analyzing data to enhance compliance and security, ensuring they meet international regulations while competing effectively in a rapidly evolving market.

This list features 22 prominent international remittance companies, showcasing a mixture of large and medium-sized organizations. Their headquarters span across the globe, representing regions like the USA, UK, and UAE, with founding years ranging from the early 20th century to recent years. Each company specializes in money transfers, foreign exchange, and payment solutions, catering to diverse clients from individuals to corporations, helping them navigate financial needs effectively.

Read on to discover the top international remittance companies.

Top 22 International Remittance Companies

1. MoneyGram

• Website: moneygram.com
• Ownership type: Corporate
• Headquarters: Dallas, Texas, United States (USA)
• Employee distribution: United States (USA) 35%, Poland 26%, India 9%, Other 31%
• Latest funding: August 2023
• Founded year: 1940
• Headcount: 1001-5000
• LinkedIn: moneygram-international

MoneyGram International, Inc. is a prominent money transfer service headquartered in Dallas, Texas. Founded in 1940, the company has built a robust infrastructure that allows it to provide peer-to-peer payment solutions for both individuals and businesses. With a workforce of approximately 3,350 employees, MoneyGram operates a vast network of over 350,000 locations worldwide, making it accessible for customers seeking to send and receive money securely and conveniently. The company offers a range of services, including money transfers, bill payments, and money orders, which cater to a wide array of clientele. MoneyGram has also adapted to modern demands by providing online and mobile app services, enhancing the user experience for sending money across borders. Its commitment to security and customer service further solidifies its position in the international remittance industry.

2. WorldRemit

• Website: worldremit.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 38%, Philippines 29%, Poland 15%, Other 18%
• Latest funding: Other (Debt), $275.0M, January 2021
• Founded year: 2010
• Headcount: 1001-5000
• LinkedIn: worldremit

WorldRemit is a financial technology company based in London, England, specializing in international money transfers. Founded in 2010, the company has developed a robust online platform and mobile application that facilitate quick and secure money transfers across borders. WorldRemit allows users to send money through various methods, including bank transfers, cash pickups, mobile money, and airtime top-ups. The company serves a global customer base, with a significant presence in countries such as the Philippines, the United States, and South Africa. With over 8 million customers, WorldRemit has positioned itself as a reliable option for individuals seeking to send money internationally. The company has also attracted considerable investment, securing $275 million in funding as of January 2021, which underscores its growth trajectory and commitment to enhancing its services in the remittance industry.

3. Al Ansari Exchange

• Website: alansariexchange.com
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 98%, Other 2%
• Founded year: 1966
• Headcount: 1001-5000
• LinkedIn: al-ansari-exchange

Al Ansari Exchange is a financial services company based in Dubai, UAE, specializing in money transfer and foreign exchange services. Founded in 1966, it has grown to operate more than 260 branches across the UAE, employing over 4,000 staff members. The company serves a broad customer base, including individuals and businesses, by providing secure and efficient remittance solutions. Al Ansari Exchange processes approximately 120,000 transactions daily, reflecting its significant role in the remittance market. The company has also embraced digital transformation with a mobile app that allows customers to send money online, catering to the evolving needs of its clientele. With a strong commitment to customer satisfaction, Al Ansari Exchange continues to innovate and expand its service offerings, including corporate remittance solutions and prepaid cards.

4. Mukuru

• Website: mukuru.com
• Ownership type: Private
• Headquarters: Cape Town, Western Cape, South Africa
• Employee distribution: South Africa 72%, Zimbabwe 13%, Malawi 3%, Other 12%
• Founded year: 2004
• Headcount: 5001-10000
• LinkedIn: mukuru

Mukuru is a financial services provider based in Cape Town, South Africa, founded in 2004. The company specializes in money transfers and remittances, offering a range of services designed to meet the needs of individuals, particularly South African expatriates. Mukuru allows users to send money to multiple countries, with a focus on regions such as Southern Africa. In addition to money transfers, Mukuru provides financial products like the Mukuru Card, which facilitates cashless transactions, and funeral cover, addressing the specific needs of its clientele. The company has built a reputation for reliability and efficiency, making it a preferred choice for many looking to support their families back home. Mukuru operates with a significant workforce and has a notable presence in the remittance market, with a commitment to customer service and competitive pricing.

5. Ria Money Transfer

• Website: riamoneytransfer.com
• Ownership type: Corporate
• Headquarters: Buena Park, California, United States (USA)
• Employee distribution: United States (USA) 19%, Spain 18%, Mexico 10%, Other 53%
• Latest funding: $380.0M, November 2006
• Founded year: 1987
• Headcount: 1001-5000
• LinkedIn: ria-financial

Ria Money Transfer, headquartered in Buena Park, California, is a prominent money transfer service that specializes in international remittances. Established in 1987, Ria has grown from a single store in New York City to a global network of over 507,000 locations in more than 190 countries. The company primarily serves individual consumers who need to send money across borders, ensuring that funds reach their intended recipients quickly and affordably. Ria offers a variety of financial services, including bill payments and mobile top-ups, catering to the needs of its customers. The company is a subsidiary of Euronet Worldwide, which acquired Ria in 2007, enhancing its operational capabilities and market reach. With a workforce of approximately 4,000 employees, Ria continues to play a significant role in the international remittance industry, facilitating millions of transactions each year.

6. AirPak

• Website: airpak.com
• Ownership type: Private
• Headquarters: Managua, Managua, Nicaragua
• Employee distribution: Nicaragua 61%, Costa Rica 15%, Mexico 10%, Other 14%
• Founded year: 1946
• Headcount: 5001-10000
• LinkedIn: airpak

AirPak, founded in 1946 and based in Managua, Nicaragua, is a private money transfer service specializing in remittances and financial services throughout Central America. The company has built a robust network, operating over 8,000 points of service across the region, including exclusive representation of Western Union for more than three decades. Recently, AirPak has expanded its operations to Mexico, further solidifying its presence in the remittance market. Their offerings include the CashPak wallet, which allows users to make payments and mobile top-ups, catering to individuals and families needing secure and efficient money transfer solutions. AirPak's commitment to regulatory compliance and customer service positions it as a trusted option for remittance services in Central America and beyond.

7. Transfast, a Mastercard Company

• Website: transfast.com
• Ownership type: Private
• Headquarters: New York, New York, United States (USA)
• Employee distribution: India 36%, Philippines 14%, Mexico 13%, Other 36%
• Latest funding: March 2017
• Founded year: 1988
• Headcount: 501-1000
• LinkedIn: transfast

Transfast, a Mastercard Company, is a financial services firm based in New York, specializing in international money transfers and cross-border payments. Established in 1988, the company has built a reputation for providing efficient and cost-effective remittance services to both consumers and businesses. Transfast operates a direct-to-bank network, allowing for seamless transactions across borders, and offers numerous cash payout points worldwide, catering to a global clientele. With a significant employee presence in countries such as India, the Philippines, and Mexico, Transfast is well-positioned to serve the needs of diverse markets. The company's commitment to low-cost remittance solutions makes it a competitive option for those looking to send money internationally.

8. TransferWise

• Website: transferwise.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Latest funding: $200.0M, July 2020
• Founded year: 2011
• Headcount: 1001-5000
• LinkedIn: transferwise

Wise, formerly known as TransferWise, is a financial services company based in London, UK, that specializes in international money transfers and multi-currency accounts. Founded in 2011, Wise has grown to serve over 16 million customers, providing a platform that allows individuals and businesses to send money across borders at low costs. The company emphasizes transparency, offering the real exchange rate without hidden fees, which has garnered trust from users worldwide. Wise's multi-currency account enables customers to hold and convert money in over 40 currencies, making it easier to manage finances internationally. The company has received significant funding, with its last round totaling $200 million in July 2020, reflecting investor confidence in its business model and growth potential. Wise continues to innovate in the financial sector, aiming to simplify and enhance the experience of managing money across different currencies.

9. Al Mulla Exchange

• Website: almullaexchange.com
• Ownership type: Private
• Headquarters: Kuwait City, Al Asimah Governate, Kuwait
• Employee distribution: Kuwait 84%, India 16%
• Founded year: 2001
• Headcount: 501-1000
• LinkedIn: al-mulla-exchange

Al Mulla International Exchange Company K.S.C.C. is a private financial services firm located in Kuwait City, established in 2001. The company specializes in remittance and foreign exchange services, providing a range of offerings that include money transfers, currency exchange, and insurance coverage for its customers. With a workforce of approximately 322 employees, Al Mulla Exchange operates through a network of 107 branches and 63 self-service kiosks across Kuwait. The company has made significant strides in the remittance industry, focusing on enhancing customer experience through digital platforms and strategic partnerships. Notably, they have collaborated with Visa to facilitate cross-border money transfers, allowing customers to send funds to Visa cardholders in 34 countries. Al Mulla Exchange has also been recognized for its mobile remittance app, which has gained popularity among users. Their commitment to customer service is evident in their value-added benefits, such as free life insurance for remittance customers, which underscores their focus on customer welfare and satisfaction.

10. Unimoni, India - A Wizz Financial Group

• Website: unimoni.in
• Ownership type: Corporate
• Headquarters: India
• Employee distribution: India 94%, Qatar 2%, United Arab Emirates 2%, Other 1%
• Latest funding: November 2023
• Founded year: 1999
• Headcount: 1001-5000
• LinkedIn: unimoni-financial-services-limited

Unimoni, India - A Wizz Financial Group is a prominent financial services provider founded in 1999. The company specializes in remittance, foreign exchange, and payment solutions, catering primarily to individuals and families. Unimoni offers a variety of services, including international money transfers, currency exchange, and loans. With a strong operational footprint in India, the company operates over 300 branches and provides online services, ensuring accessibility and convenience for its customers. Unimoni has processed billions in transactions, reflecting its significant role in the remittance industry. The company is committed to delivering efficient and secure financial services, making it a trusted partner for those seeking to send money abroad or manage their foreign exchange needs.

11. Efecty

• Website: efecty.com.co
• Ownership type: Private
• Headquarters: Bogota, Bogota, Colombia
• Employee distribution: Colombia 100%
• Founded year: 1996
• Headcount: 10001+
• LinkedIn: efecty

Efecty, founded in 1996 and headquartered in Bogotá, Colombia, is a private financial service provider that specializes in money transfer and payment solutions. The company has established itself as a significant player in the Colombian market, offering a range of services including national and international remittances, payment services, and recharge options for both consumers and businesses. Efecty operates through a vast network of service points, ensuring that customers have convenient access to their services. The company is committed to facilitating financial transactions for its users, contributing to the economic activity within Colombia and beyond. Efecty has not reported any recent funding, indicating a stable operational model that relies on its established market presence.

12. Pangea Money Transfer

• Website: pangeamoneytransfer.com
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 65%, Mexico 35%
• Latest funding: March 2021
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: pangea-payments

Pangea Money Transfer, established in 2012 and based in Chicago, Illinois, is a money transfer service that specializes in facilitating international remittances. The company primarily serves individuals who need to send money to family members in various countries, with a strong focus on the U.S.-Mexico corridor. Pangea offers multiple transfer methods, including cash pick-up and direct bank deposits, ensuring that recipients have flexible options for receiving funds. The company prides itself on providing secure and swift transactions, with many transfers arriving within minutes. Pangea has garnered a positive reputation, evidenced by its high ratings on platforms like Trustpilot, where it has received over 2,200 reviews. The company operates with a workforce that is predominantly located in the U.S. and Mexico, reflecting its commitment to serving these key markets. As of the latest information, Pangea has not reported any recent funding, indicating a stable operational model without reliance on external investment.

13. Orient Exchange Co. (L.L.C)

• Website: orientexchange.com
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 88%, India 10%, Other 2%
• Founded year: 1923
• Headcount: 201-500
• LinkedIn: orient-exchange-co.-l.l.c-

Orient Exchange Co. (L.L.C) is a financial services firm based in Dubai, United Arab Emirates, established in 1923. The company specializes in remittance, currency exchange, and payment processing, catering to both individual consumers and businesses. With a workforce of approximately 329 employees, Orient Exchange operates a network of branches throughout the UAE, making it accessible for customers seeking international money transfer services. The company prides itself on facilitating fast and secure financial transactions across borders. They maintain strong relationships with banks and financial institutions globally, enabling efficient fund transfers in various currencies. Notably, Orient Exchange offers specialized services for remitting funds to India and the Philippines, ensuring timely transfers within 24 to 72 hours. Additionally, they provide Western Union services, further enhancing their remittance capabilities. The company is licensed and regulated by the Central Bank of the UAE, underscoring its commitment to compliance and customer service.

14. Xoom, A PayPal Service

• Website: xoom.com
• Ownership type: Corporate
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Guatemala 69%, United States (USA) 22%, Philippines 6%, Other 4%
• Latest funding: $890.0M, July 2015
• Founded year: 2001
• Headcount: 201-500
• LinkedIn: xoom-corporation

Xoom, a PayPal service, is a financial service provider based in San Francisco, California, specializing in international money transfers, mobile reloading, and bill payment services. Established in 2001, Xoom has carved out a niche in the remittance market by enabling customers to send money abroad quickly and securely. The platform allows users to send cash for pickup, direct bank deposits, or mobile wallet transfers, catering to a wide range of recipient preferences. Xoom's operations are primarily online, making it accessible to individuals who need to manage cross-border financial transactions efficiently. The company has a notable employee distribution, with a significant percentage based in Guatemala, reflecting its focus on markets with high remittance flows. Xoom's affiliation with PayPal enhances its credibility, providing users with a familiar and trusted environment for their financial transactions.

15. TransferGo

• Website: transfergo.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: Lithuania 50%, Poland 27%, United Kingdom (UK) 16%, Other 6%
• Latest funding: $10.0M, April 2024
• Founded year: 2012
• Headcount: 201-500
• LinkedIn: transfergo

TransferGo is a financial service provider based in London, UK, specializing in international money transfers. Established in 2012, the company has grown to serve over 7 million customers, primarily targeting individuals who need to send money across borders, especially migrants sending funds to their families. TransferGo operates in more than 160 countries, offering a mobile app that facilitates quick and affordable transactions. The company prides itself on low fees and competitive exchange rates, often claiming to be 90% cheaper than traditional bank transfers. TransferGo is regulated by the Financial Conduct Authority (FCA) in the UK and the Bank of Lithuania, ensuring secure and compliant operations. The company has recently secured £10 million in funding, reflecting its ongoing relevance and potential for expansion in the remittance industry.

16. Grupo Vimenca

• Website: vimenca.com
• Ownership type: Private
• Headquarters: Santo Domingo, Distrito Nacional, Dominican Republic
• Employee distribution: Dominican Republic 100%
• Founded year: 1950
• Headcount: 1001-5000
• LinkedIn: grupovimenca

Grupo Vimenca, officially known as Agente de Remesas y Cambio Vimenca S. A., is a financial services company based in Santo Domingo, Dominican Republic. Established in 1950, the company specializes in money transfers and currency exchange. It offers a wide range of services, including domestic and international money transfers, remittance payments, and currency buying and selling. Grupo Vimenca primarily serves individuals who need to send or receive money quickly and securely. The company operates over 300 offices across the Dominican Republic and has a strategic partnership with Western Union, which allows it to access a network of more than 500,000 agent locations in over 200 countries. This collaboration has positioned Grupo Vimenca as a key player in the remittance market, particularly for the Dominican diaspora. Their services are designed to enhance customer convenience, offering options such as direct bank transfers and home delivery of remittances. With a workforce of around 152 employees, Grupo Vimenca continues to focus on improving the quality of life for its consumers through efficient financial services.

17. Joyalukkas Exchange

• Website: joyalukkasexchange.com
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 65%, Oman 20%, Kuwait 15%
• Founded year: 2011
• Headcount: 501-1000
• LinkedIn: joyalukkasexchange

Joyalukkas Exchange, established in 2011, is a financial services provider based in Dubai, UAE. The company specializes in remittance, foreign currency exchange, and payment solutions, serving a wide range of customers from individual consumers to businesses. Joyalukkas Exchange offers various services, including money transfers, payroll solutions, and bill payments, all designed to facilitate seamless financial transactions. They emphasize security and efficiency, ensuring that customers can trust their services. The company has built a strong network in the UAE, Oman, and Kuwait, and collaborates with major partners like Western Union to enhance their remittance capabilities. With a workforce of around 394 employees, Joyalukkas Exchange is committed to providing competitive rates and a user-friendly experience for their clients.

18. Hadi Exchange

• Website: hadiexchange.ae
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 100%
• Founded year: 1994
• Headcount: 501-1000
• LinkedIn: hadi-express-exchange

Hadi Exchange, established in 1994, is a private financial services company located in Dubai, UAE. It specializes in remittance services, foreign currency exchange, and payroll solutions, catering to both individual consumers and businesses. With a workforce of around 500 employees, the company operates across multiple locations in the UAE, ensuring accessibility for its clientele. Hadi Exchange has built a reputation for providing efficient and secure money transfer options, leveraging correspondent banking relationships to facilitate seamless transactions. Their services include instant money transfers, cash pick-up, and online fund transfers, making them a comprehensive solution for remittance needs. The company also offers WPS (Wages Protection System) solutions, which are essential for businesses in the UAE to comply with local regulations regarding salary payments. Hadi Exchange has served over 500,000 customers and continues to expand its service offerings to meet the evolving needs of its clients.

19. Instarem.

• Website: instarem.com
• Ownership type: Venture Capital
• Headquarters: Singapore
• Latest funding: $41.0M, March 2019
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: instaremit

Instarem is a financial technology firm based in Singapore, founded in 2014. The company specializes in international money transfers and currency exchange services, catering to both individuals and businesses. Instarem provides a user-friendly platform that enables users to send money abroad swiftly and at competitive rates. Customers benefit from transparent pricing, a rewards program, and the ability to track their transactions in real-time. The company has raised $41 million in funding, which underscores its growth trajectory and commitment to enhancing its service offerings. Instarem operates in over 60 countries, making it a significant player in the international remittance market, focusing on providing low-cost and efficient solutions for cross-border transactions.

20. Remit Choice Limited

• Website: remitchoice.com
• Ownership type: Private
• Headquarters: Sheffield, England, United Kingdom (UK)
• Employee distribution: Pakistan 65%, United Kingdom (UK) 33%, Other 2%
• Founded year: 2019
• Headcount: 201-500
• LinkedIn: remit-choice-ltd

Remit Choice Limited, based in Sheffield, England, is a private financial service provider that specializes in digital money transfers. Founded in 2019, the company has quickly positioned itself as a player in the international remittance market. Remit Choice offers a range of services including bank transfers, cash pickups, and mobile wallet options, primarily targeting expatriates who need to send money across borders. The company operates in over 70 countries, ensuring that customers can send money securely and efficiently. With a focus on transparency, Remit Choice emphasizes no hidden fees and competitive exchange rates, catering to the needs of individuals looking for reliable remittance solutions. Their workforce is predominantly based in Pakistan and the UK, reflecting their operational strategy and customer outreach. Remit Choice is authorized and regulated to conduct money transmission in multiple countries, which adds to its credibility in the financial services sector.

21. Prabhu Money Transfer

• Website: prabhumoneytransfer.com.np
• Ownership type: Private
• Headquarters: Kathmandu, Bagmati, Nepal
• Employee distribution: India 28%, Nepal 28%, Malaysia 19%, Other 26%
• Founded year: 2001
• Headcount: 1001-5000
• LinkedIn: prabhu-money-transfer

Prabhu Money Transfer P. Ltd, based in Kathmandu, Nepal, specializes in international money transfers, primarily serving the Nepalese diaspora. Founded in 2001, the company has developed a strong reputation among Nepalese workers and residents abroad, particularly in countries like Malaysia, Qatar, Saudi Arabia, and the United States. Prabhu Money Transfer offers services such as cash pickup and direct account deposits, ensuring that customers can send money home quickly and securely. The company operates a vast network of agents and has established partnerships with numerous banks, enhancing its ability to facilitate transactions. Prabhu is committed to compliance with international regulations, including anti-money laundering standards, which underscores its dedication to secure financial practices. With a workforce that spans multiple countries, Prabhu Money Transfer continues to play a crucial role in the remittance industry, addressing the needs of its clients effectively.

22. ACE Money Transfer

• Website: acemoneytransfer.com
• Ownership type: Private
• Headquarters: United States (USA)
• Employee distribution: Pakistan 70%, United Kingdom (UK) 24%, Other 6%
• Latest funding: $1.9M, October 2020
• Founded year: 2002
• Headcount: 201-500
• LinkedIn: acemoneytransfer

ACE Money Transfer is a financial services company that specializes in international money transfers. Established in 2002, the company has grown from a small operation in Bolton, UK, to a recognized player in the remittance sector, serving over 1.3 million customers worldwide. With a network of more than 350,000 payout locations, ACE facilitates secure and timely transactions to over 100 countries. The company is regulated as an Authorized Payment Institution by the Financial Conduct Authority (FCA) in the UK, AUSTRAC in Australia, and FINTRAC in Canada, ensuring compliance with industry standards. ACE Money Transfer emphasizes customer satisfaction and offers a mobile app and online services to enhance user experience. In 2020, the company secured funding of approximately $1.9 million, indicating its commitment to expanding its services and improving its platform.

International Remittance Insights: Key Companies

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