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Remitly: Send Money & Transfer
play.google.com
Remitly is a mobile application that facilitates international money transfers for individuals. It allows users to send money to family and friends in over 170 countries, offering various delivery methods such as bank deposits, mobile wallets, and cash pickup locations. The service emphasizes secure, fast transfers with competitive exchange rates and low fees for senders, while recipients do not pay fees.
Rationale
Remitly is a direct competitor to Wise, focusing on international money transfers. It explicitly states 'low fees for sending' and 'fast money transfer' with 'guaranteed delivery time and real-time transfer updates'. It also highlights its mobile app and 24/7 customer support. While it offers 'great exchange rates', it doesn't explicitly state 'mid-market exchange rate' or offer a multi-currency account or borderless debit card like Wise.
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