List of 10 Online Remittance Companies in the US
Free List Of Top 10 Online Remittance Companies
The ability to securely and efficiently transfer money across borders is essential. With the rise of digital technology, online remittance companies have revolutionized the way people send and receive money internationally, offering convenient and cost-effective solutions. For consumers, navigating the vast array of options can be a daunting task. To aid in this process, we have compiled a list of the top 10 online remittance companies in the US, providing a brief overview of each to help consumers make informed decisions for their international money transfer needs.
Overview of Online Remittance Companies
1. Company: Wise (formerly TransferWise)
– Sector: Financial Services
– Year Founded: 2011
– Annual Revenue: $421 million (fiscal year ending March 2020)
– Description: Wise offers transparent and low-cost international money transfers with real exchange rates. With borderless accounts and multi-currency debit cards, it provides flexibility for personal and business needs.
– Link: [Wise](https://wise.com/)
2. Company: Remitly
– Sector: Finance, Technology
– Year Founded: 2011
– Annual Revenue: Not publicly disclosed
– Description: Remitly prioritizes speed and security, allowing customers to send money quickly to over 50 countries. Its mobile app and various delivery options make it convenient for users.
– Link: [Remitly](https://www.remitly.com/)
3. Company: Xoom (a PayPal service)
– Sector: Financial Technology
– Year Founded: 2001
– Annual Revenue: Not publicly disclosed
– Description: Xoom, a PayPal service, excels in international money transfers, enabling users to send money to 130+ countries with competitive exchange rates and convenient delivery options.
– Link: [Xoom](https://www.xoom.com/)
4. Company: WorldRemit
– Sector: Financial Services, Technology
– Year Founded: 2010
– Annual Revenue: $100 million (estimated)
– Description: WorldRemit is a digital platform providing seamless money transfers to over 150 countries. Its diverse delivery options cater to individual and business needs.
– Link: [WorldRemit](https://www.worldremit.com/)
5. Company: OFX
– Sector: Financial Services
– Year Founded: 1998
– Annual Revenue: $123.6 million (fiscal year ending March 2020)
– Description: OFX specializes in high-volume international transfers, catering to individuals, businesses, and online sellers. It offers competitive exchange rates and personalized customer service.
– Link: [OFX](https://www.ofx.com/)
6. Company: Ria Money Transfer
– Sector: Financial Services
– Year Founded: 1987
– Annual Revenue: Not publicly disclosed
– Description: With a network of 389,000 locations in over 160 countries, Ria Money Transfer emphasizes convenience, allowing recipients to collect cash quickly and easily.
– Link: [Ria Money Transfer](https://www.riamoneytransfer.com/)
7. Company: PayPal
– Sector: Financial Technology
– Year Founded: 1998
– Annual Revenue: $21.45 billion (fiscal year ending December 2020)
– Description: A household name in digital payments, PayPal enables secure and seamless international money transfers, giving users the flexibility to send and receive funds globally.
– Link: [PayPal](https://www.paypal.com/)
8. Company: Western Union
– Sector: Financial Services
– Year Founded: 1851
– Annual Revenue: $5.3 billion (fiscal year ending December 2020)
– Description: With a vast global network of over 550,000 agent locations, Western Union offers diverse transfer options, including online, in-person, and mobile transactions.
– Link: [Western Union](https://www.westernunion.com/)
9. Company: MoneyGram
– Sector: Financial Services
– Year Founded: 1940
– Annual Revenue: $1.1 billion (fiscal year ending December 2020)
– Description: MoneyGram facilitates cross-border money transfers through its digital platform and extensive agent network, providing flexibility for individuals and businesses.
– Link: [MoneyGram](https://www.moneygram.com/)
10. Company: Sendwave (now part of WorldRemit)
– Sector: Financial Services, Technology
– Year Founded: 2014
– Annual Revenue: Not publicly disclosed
– Description: Sendwave, now part of WorldRemit, focuses on international money transfers to Africa, providing low-cost and convenient options for users to send money to various African countries.
– Link: [Sendwave](https://www.worldremit.com/en/sendwave)
In summary
These top online remittance companies in the US offer a range of services tailored to individual and business needs, providing convenient, secure, and cost-effective solutions for international money transfers. With the increasing digitization of financial services, consumers have access to diverse options that prioritize speed, transparency, and competitive exchange rates. By leveraging these online remittance platforms, individuals and businesses can streamline their cross-border transactions, fostering greater efficiency and financial flexibility.
