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AddedApr 24, 2026
UpdatedMay 31, 2026
Remitly Money Transfer

Remitly Money Transfer

Service
Currently Offered

Remitly Money Transfer sends cross-border transfers with bank deposit, cash pickup, and mobile money delivery.

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Overview

Remitly Money Transfer is Remitly's digital remittance service for sending money from the United States to recipients abroad. It supports delivery into bank accounts, cash pickup, and mobile money where available.

The service competes with Xoom in consumer cross-border transfers, where speed, exchange rates, fees, payout methods, and destination coverage determine which provider a sender chooses.

Remitly Money Transfer - Classification

Technology
  • Mobile Payments
Geographic Exposure
  • North America
Model
  • Platform
Revenue
  • Transactional Commission
Customer
  • Individuals
Main Product
  • Cross-Border Payments
  • Money Transfer
Tags
  • Mobile Payments

Remitly Money Transfer - Direct Competitors

  • MoneyGram International

    MoneyGram International logo

    Consumer Money Transfers

    moneygram.com

  • PayPal

    PayPal logo

    Xoom

    paypal.com

AttributeRemitly Money TransferConsumer Money TransfersXoom
ProviderRemitlyremitly.com$525.8M raised · PublicMoneyGram Internationalmoneygram.com$84.9M raised · Acquired SubsidiaryPayPalpaypal.com$5.2B raised · Public
Founded201119401998
Sells ToConsumersBusiness, ConsumerEnterprises
Pricing ModelSoftware, TransactionalTransaction FeesTransactional Commission
OwnershipPublicAcquired SubsidiaryPublic
Remitly Money Transfer

Provider Remitlyremitly.com$525.8M raised · Public

Founded 2011

Sells To Consumers

Pricing Model Software, Transactional

Ownership Public

Consumer Money Transfers

Provider MoneyGram Internationalmoneygram.com$84.9M raised · Acquired Subsidiary

Founded 1940

Sells To Business, Consumer

Pricing Model Transaction Fees

Ownership Acquired Subsidiary

Xoom

Provider PayPalpaypal.com$5.2B raised · Public

Founded 1998

Sells To Enterprises

Pricing Model Transactional Commission

Ownership Public

Remitly Money Transfer - Similar Products & Services

  • International Money Transfers logo

    International Money Transfers

    wise.com