Mukuru
6.8#57 in money transfer appsAndroidiOSWeb
VisitMukuru vs Wise
What both publish
| Fact | Mukuru | Wise |
|---|---|---|
| Company history | Mukuru says it was founded in 2004 in the United Kingdom. | Wise says it launched in 2011 with a vision of making international money transfers cheap, fair, and simple. |
| Exchange-rate model | variable | mid_market |
| Founded | Mukuru's company history says it was founded in 2004 in the United Kingdom. | 2011 |
| Free plan | No | Yes |
| Mobile platforms | both | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Purpose | Mukuru describes itself as a financial services platform for Africa’s emerging consumers, offering technology solutions and financial products for everyday needs. | The Wise app lets people send money, receive payments from abroad, check exchange rates, pay bills, and send money to loved ones. |
| Regulatory status | The site identifies Mukuru Financial Services (Pty) Ltd as an authorized South African Financial Services Provider and registered Credit Provider. | Wise says it is licensed in most states and regulated by authorities worldwide. |
| Security | Mukuru says its information security management system is certified to ISO/IEC 27001:2022 and is tested annually through internal and external audits. | Wise says it safeguards customer money separately from its own and uses two-step authentication to protect accounts and transactions. |
| Support | The site lists phone, WhatsApp, and USSD support and gives office hours of Monday to Saturday 08:00–19:00 CAT and Sunday 08:00–12:00 GMT. | Wise says its customer support is available by email, live chat, and phone, 24/7 in English and in 14 other languages. |
| Transfer speed | instant | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
| Transfer tracking | The app lets customers view recent transactions and their status, create and track orders, and update recipient details. | The app shows the list and current status of transfers users have set up. |
Mukuru plans
No prices published.
Wise plans
- Wise personal account and transfersFree
Pick Mukuru if…
You want what its maker publishes above — check its page for the details.
Pick Wise if…
Wise suits people sending money to overseas bank accounts or receiving payments from abroad. It may also suit users who want to track or schedule transfers and receive exchange-rate alerts.