Free List Of Top 10 International Remittance Companies

Sending money abroad is an essential service that millions of people rely on to support family members, pay for financial transactions, and contribute to global economic development. In the United States, various international remittance companies provide reliable and efficient services to facilitate the transfer of funds across borders. This article offers an overview of the top 10 international remittance companies in the US, highlighting their sector, year founded, annual revenue, short description, and a link to their website.

Overview of International Remittance Companies

1. Company: Western Union

– Sector: Financial Services

– Year Founded: 1851

– Annual Revenue: $5.6 billion (2019)

– Description: Western Union is a global leader in cross-border, cross-currency money movement. The company offers a wide range of financial services, including money transfers, bill payments, and prepaid cards.

– [Western Union](https://www.westernunion.com/)

2. Company: MoneyGram International

– Sector: Financial Services

– Year Founded: 1940

– Annual Revenue: $1.2 billion (2019)

– Description: MoneyGram is a leading international money transfer company that enables consumers to send and receive money around the world. The company’s services include person-to-person money transfers, money orders, and bill payment services.

– [MoneyGram International](https://www.moneygram.com/)

3. Company: Ria Financial Services

– Sector: Financial Services

– Year Founded: 1987

– Annual Revenue: Not publicly disclosed

– Description: Ria Financial Services is a subsidiary of Euronet Worldwide, Inc. and specializes in money transfer services. With a global network of agents and payout locations, Ria provides fast, reliable, and affordable money transfer services to millions of customers worldwide.

– [Ria Financial Services](https://www.riamoneytransfer.com/)

4. Company: TransferWise

– Sector: Financial Technology (Fintech)

– Year Founded: 2011

– Annual Revenue: £302.6 million (2020)

– Description: TransferWise, now known as Wise, is a digital money transfer service that offers a transparent and low-cost way to send money internationally. The company’s peer-to-peer platform matches users sending in one currency with those receiving in another, cutting out expensive international fees.

– [TransferWise](https://wise.com/)

5. Company: Xoom

– Sector: Financial Technology (Fintech)

– Year Founded: 2001

– Annual Revenue: Not publicly disclosed

– Description: Xoom, a PayPal service, provides fast and secure money transfers to more than 130 countries. The platform allows users to send money, reload phones, and pay bills conveniently from their mobile devices or computers.

– [Xoom](https://www.xoom.com/)

6. Company: WorldRemit

– Sector: Financial Technology (Fintech)

– Year Founded: 2010

– Annual Revenue: Not publicly disclosed

– Description: WorldRemit is an online money transfer service that enables individuals to send money to family and friends in over 150 countries. The company focuses on digital transactions, providing a convenient and cost-effective way to send remittances globally.

– [WorldRemit](https://www.worldremit.com/)

7. Company: OFX

– Sector: Financial Services

– Year Founded: 1998

– Annual Revenue: $135.5 million (2020)

– Description: OFX is a global money transfer company that helps individuals and businesses transfer funds internationally. The company offers competitive exchange rates, low fees, and personalized service to meet the needs of its diverse customer base.

– [OFX](https://www.ofx.com/)

8. Company: Remitly

– Sector: Financial Technology (Fintech)

– Year Founded: 2011

– Annual Revenue: Not publicly disclosed

– Description: Remitly is a digital remittance company that focuses on providing reliable and secure money transfer services. The platform offers various delivery options, including bank deposits, cash pickups, and mobile wallet transfers, to cater to different recipient preferences.

– [Remitly](https://www.remitly.com/)

9. Company: Small World

– Sector: Financial Services

– Year Founded: 2005

– Annual Revenue: Not publicly disclosed

– Description: Small World is an international money transfer company that operates in over 90 countries, serving millions of customers worldwide. The company aims to provide efficient and low-cost remittance services through its extensive network of agents and partners.

– [Small World](https://www.smallworldfs.com/)

10. Company: Azimo

– Sector: Financial Technology (Fintech)

– Year Founded: 2012

– Annual Revenue: Not publicly disclosed

– Description: Azimo is a digital money transfer service that offers fast, secure, and cost-effective international transfers. The platform allows users to send money to bank accounts, mobile wallets, or for cash pickup, providing flexibility and convenience for recipients.

– [Azimo](https://www.azimo.com/)

Concluding perspectives

The international remittance industry in the US is marked by the presence of diverse companies that cater to the needs of individuals and businesses seeking to transfer funds across borders. With a focus on innovation, technology, and customer-centric solutions, these top 10 international remittance companies continue to play a crucial role in facilitating global financial transactions and supporting the economic well-being of families and communities worldwide.