Wise
8.2#4 in money transfer appsFree planFree planAndroidiOSWeb
VisitWise vs WorldRemit
WorldRemit
7.3#34 in money transfer appsAndroidiOSWeb
VisitWhat both publish
| Fact | Wise | WorldRemit |
|---|---|---|
| Company history | Wise says it launched in 2011 with a vision of making international money transfers cheap, fair, and simple. | WorldRemit says Ismail Ahmed founded the company in 2010 with co-founders Catherine Wines and Richard Igoe. |
| Exchange-rate model | mid_market | mid_market |
| Founded | 2011 | 2010 |
| Headquarters | London, United Kingdom | The company page describes London as WorldRemit's headquarters; its site lists 167-169 Great Portland Street, 5th Floor, London W1W 5PF, United Kingdom. |
| Mobile platforms | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. | both |
| Payment methods | The app says users can fund transfers with Apple Pay, Google Pay, a debit or credit card, or a bank transfer. | Sender payment options include debit, credit, and prepaid cards, bank transfer, and country-dependent methods such as Apple Pay, Interac, POLi, iDEAL, Klarna, and Trustly. |
| Regulation | Wise states it is authorised by the UK Financial Conduct Authority for issuing electronic money and works with a local bank partner to offer inward remittance service to India with RBI approval. | WorldRemit Ltd states that it is authorized and regulated by the UK Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011, registration number 900891. |
| Scheduled transfers | Yes | Yes |
| Security | Wise says it safeguards customer money separately from its own and uses two-step authentication to protect accounts and transactions. | WorldRemit says its website and apps are designed to prevent unauthorized account access and transfer fraud, with identity verification and transaction monitoring by dedicated analysts. |
| Support | Wise says its customer support is available by email, live chat, and phone, 24/7 in English and in 14 other languages. | WorldRemit offers 24/7 in-app customer support and lists phone support hours as Monday through Friday, 10am to 12am UTC. |
| Transfer speed | On many popular routes, transfers can arrive within one day, the same day, or instantly. | Transfers usually arrive within minutes, but timing can vary with payout method, identity checks, payment authorization, third-party operating hours, and incorrect information. |
| Transfer tracking | The app shows the list and current status of transfers users have set up. | The app lets customers track transfers and view status updates. |
Wise plans
- Wise personal account and transfersFree
WorldRemit plans
No prices published.
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.
Pick WorldRemit if…
You want what its maker publishes above — check its page for the details.