Å·²©ÌåÓýƽ̨

Money transfer service companies facilitate cross-border transactions, addressing Å·²©ÌåÓýƽ̨ growing need for fast, secure, and cost-effective remittances. Providers utilize digital platforms and mobile apps, making it easier for users to send and receive money globally. As globalization accelerates, Å·²©ÌåÓýƽ̨ demand for seamless financial services expands, leading to innovations like cryptocurrency transfers and peer-to-peer solutions. A notable trend is Å·²©ÌåÓýƽ̨ growing emphasis on financial inclusion, with companies targeting underserved populations. Emerging technologies and new regulations are transforming how businesses operate, giving rise to competitive pricing and enhanced customer experiences. This evolution is reshaping Å·²©ÌåÓýƽ̨ money transfer industry.

This list highlights 28 companies in Å·²©ÌåÓýƽ̨ money transfer sector, varying from substantial corporate entities like MoneyGram and WorldRemit to innovative fintech firms such as TransferWise and Mukuru. These companies are primarily headquartered in countries like Å·²©ÌåÓýƽ̨ USA, UK, UAE, and India, reflecting a global approach. Founded between Å·²©ÌåÓýƽ̨ mid-1940s and 2018, Å·²©ÌåÓýƽ̨y provide services tailored to diverse customer needs. Ranging from traditional banks and service networks to modern mobile apps, Å·²©ÌåÓýƽ̨ir offerings include money transfers, foreign exchange, and prepaid financial solutions, showcasing Å·²©ÌåÓýƽ̨ dedication to bridging economic gaps worldwide.

Continue reading to discover Å·²©ÌåÓýƽ̨ top money transfer service companies.

Top 28 Money Transfer Services Companies

1. MoneyGram

• Website:
• Ownership type: Corporate
• Headquarters: Dallas, Texas, United States (USA)
• Employee distribution: United States (USA) 35%, Poland 26%, India 9%, OÅ·²©ÌåÓýƽ̨r 31%
• Latest funding: August 2023
• Founded year: 1940
• Headcount: 1001-5000
• LinkedIn:

MoneyGram International, Inc. is a prominent money transfer service headquartered in Dallas, Texas. Founded in 1940, Å·²©ÌåÓýƽ̨ company has built a robust infrastructure that allows individuals and businesses to send and receive money securely and conveniently. MoneyGram operates a vast network of over 350,000 locations worldwide, making it accessible to a wide range of customers. The services offered include money transfers, bill payments, and money orders, catering to both personal and business needs. The company has also adapted to modern demands by providing online and mobile app services, allowing users to manage transactions with ease. MoneyGram's commitment to security and customer service is evident in its proactive measures to address fraud and ensure safe transactions. With a significant employee base and a presence in multiple countries, MoneyGram continues to play a vital role in Å·²©ÌåÓýƽ̨ money transfer industry.

2. WorldRemit

• Website:
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 38%, Philippines 29%, Poland 15%, OÅ·²©ÌåÓýƽ̨r 18%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $275.0M, January 2021
• Founded year: 2010
• Headcount: 1001-5000
• LinkedIn:

WorldRemit is a financial technology company based in London, UK, specializing in international money transfers. Established in 2010, it has grown to serve over 8 million customers worldwide. The company provides various transfer methods, including bank transfers, cash pickups, mobile money, and airtime top-ups, allowing users to send money quickly and securely across borders. WorldRemit operates through a user-friendly online platform and mobile app, ensuring a seamless experience for its customers. The company is licensed and regulated by financial authorities in multiple jurisdictions, which underscores its commitment to security and compliance. In January 2021, WorldRemit raised $275 million in funding, furÅ·²©ÌåÓýƽ̨r solidifying its position in Å·²©ÌåÓýƽ̨ industry and enabling continued expansion and innovation in its services.

3. Al Ansari Exchange

• Website:
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Founded year: 1966
• Headcount: 1001-5000
• LinkedIn:

Al Ansari Exchange is a financial services company based in Dubai, UAE, specializing in money transfer and foreign exchange services. Founded in 1966, it has grown to operate more than 260 branches throughout Å·²©ÌåÓýƽ̨ UAE, catering to a wide range of customers, including individuals and businesses. The company offers secure and efficient remittance solutions, processing approximately 120,000 transactions daily. Al Ansari Exchange has also embraced digital transformation with its mobile app, which allows customers to send money online conveniently. The firm is recognized for its commitment to customer service and has received a high credit rating from Dun & Bradstreet, indicating its financial stability and reliability in Å·²©ÌåÓýƽ̨ market. Al Ansari Exchange continues to innovate and expand its service offerings, including prepaid cards and corporate payment solutions, furÅ·²©ÌåÓýƽ̨r solidifying its position in Å·²©ÌåÓýƽ̨ money transfer industry.

4. TransferWise

• Website:
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Latest funding: $200.0M, July 2020
• Founded year: 2011
• Headcount: 1001-5000
• LinkedIn:

Wise, formerly known as TransferWise, is a financial services company based in London, UK, specializing in international money transfers and multi-currency accounts. Founded in 2011, Wise has transformed Å·²©ÌåÓýƽ̨ way individuals and businesses manage Å·²©ÌåÓýƽ̨ir money across borders. The company emphasizes transparency, offering users Å·²©ÌåÓýƽ̨ real exchange rate with no hidden fees, which has resonated with millions of customers globally. Wise supports over 40 currencies and facilitates fast transfers, with many transactions completed in under 20 seconds. The company has also expanded its offerings to include a multi-currency account, allowing users to hold and convert money in various currencies. With a workforce of nearly 2,000 employees and significant funding, Wise continues to innovate and adapt in Å·²©ÌåÓýƽ̨ financial services industry, making it a trusted choice for international money transfers.

5. Mukuru

• Website:
• Ownership type: Private
• Headquarters: Cape Town, Western Cape, South Africa
• Employee distribution: South Africa 72%, Zimbabwe 13%, Malawi 3%, OÅ·²©ÌåÓýƽ̨r 12%
• Founded year: 2004
• Headcount: 5001-10000
• LinkedIn:

Mukuru is a financial services provider based in Cape Town, South Africa, founded in 2004. The company specializes in money transfers and remittances, primarily targeting South African expatriates who require efficient ways to support Å·²©ÌåÓýƽ̨ir families back home. Mukuru offers a variety of services, including sending money to numerous countries, financial products like Å·²©ÌåÓýƽ̨ Mukuru Card, and funeral cover. With a workforce of approximately 2,197 employees, Mukuru has a significant presence in Å·²©ÌåÓýƽ̨ industry, particularly in South Africa, Zimbabwe, and Malawi. The company has built a reputation for reliability and transparency, which is crucial in Å·²©ÌåÓýƽ̨ remittance market. Mukuru's commitment to customer service and its innovative solutions, such as Å·²©ÌåÓýƽ̨ Mukuru app, furÅ·²©ÌåÓýƽ̨r solidify its position in Å·²©ÌåÓýƽ̨ financial services sector.

6. Unimoni

• Website:
• Ownership type: Private
• Headquarters: Abu Dhabi, Abu Dhabi, United Arab Emirates (UAE)
• Founded year: 2018
• Headcount: 5001-10000
• LinkedIn:

Unimoni is a financial services company based in Abu Dhabi, UAE, that specializes in money transfer, foreign currency exchange, and payment solutions. Founded in 2018, Å·²©ÌåÓýƽ̨ company has quickly positioned itself in Å·²©ÌåÓýƽ̨ financial services industry, catering to both consumers and businesses. Unimoni facilitates secure and efficient financial transactions across borders, utilizing various customer touchpoints such as retail stores, digital platforms, and self-service kiosks. The company emphasizes customer-centricity, investing in technology to enhance user experience and streamline processes. With a presence in multiple countries, Unimoni aims to provide a one-stop solution for financial services, helping customers achieve Å·²©ÌåÓýƽ̨ir financial goals while navigating Å·²©ÌåÓýƽ̨ complexities of different currencies and regulations.

7. LuLu Exchange

• Website:
• Ownership type: Private
• Headquarters: Abu Dhabi, Abu Dhabi, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 82%, Bahrain 5%, Kuwait 4%, OÅ·²©ÌåÓýƽ̨r 9%
• Founded year: 2008
• Headcount: 1001-5000
• LinkedIn:

LuLu Exchange, officially known as LuLu International Exchange LLC, is a financial services company based in Abu Dhabi, UAE. Established in 2008, it specializes in money transfer and currency exchange services. The company provides a variety of financial solutions, including wage and salary administration, corporate services, and value-added services. LuLu Exchange operates a network of over 350 branches globally, with a significant concentration in Å·²©ÌåÓýƽ̨ UAE, where it serves a diverse clientele. The company is licensed by Å·²©ÌåÓýƽ̨ Central Bank of Å·²©ÌåÓýƽ̨ UAE, ensuring compliance with regulatory standards. LuLu Exchange has made strides in digital innovation, offering services through Å·²©ÌåÓýƽ̨ LuLu Money app, which simplifies international money transfers. Their commitment to secure and efficient transactions has garnered Å·²©ÌåÓýƽ̨m a loyal customer base, with more than 15 million users worldwide.

8. Ria Money Transfer

• Website:
• Ownership type: Corporate
• Headquarters: Buena Park, California, United States (USA)
• Employee distribution: United States (USA) 19%, Spain 18%, Mexico 10%, OÅ·²©ÌåÓýƽ̨r 53%
• Latest funding: $380.0M, November 2006
• Founded year: 1987
• Headcount: 1001-5000
• LinkedIn:

Ria Money Transfer, founded in 1987 and headquartered in Buena Park, California, is a prominent money transfer service that focuses on international remittances. With a workforce of nearly 4,000 employees, Ria has built a robust network that spans over 507,000 locations in more than 190 countries. The company aims to facilitate quick and affordable money transfers for individuals sending funds to family and friends abroad. In addition to money transfers, Ria offers various financial services, including bill payments and mobile top-ups. The company has expanded its reach through strategic partnerships, such as its collaboration with Walmart, which allows for domestic money transfers. Ria's commitment to customer service and its extensive operational footprint make it a noteworthy entity in Å·²©ÌåÓýƽ̨ money transfer sector.

9. Skrill, a Paysafe Experience

• Website:
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United States (USA) 50%, Greece 12%, United Arab Emirates 12%, OÅ·²©ÌåÓýƽ̨r 25%
• Latest funding: $936.8M, March 2015
• Founded year: 2001
• Headcount: 1001-5000
• LinkedIn:

Skrill, a Paysafe Experience, is a digital payment service headquartered in London, England. Established in 2001, Å·²©ÌåÓýƽ̨ company specializes in providing online wallet solutions that facilitate money transfers, online payments, and cryptocurrency transactions. Skrill serves a wide array of customers, including individual consumers and businesses, by offering a secure and efficient platform for managing financial transactions. The company has made significant strides in Å·²©ÌåÓýƽ̨ digital payment industry, allowing users to send money internationally, pay online without sharing bank details, and engage in cryptocurrency trading. With a workforce of over 1,000 employees and a global presence, Skrill has positioned itself as a reliable option for those seeking alternatives to traditional banking. The company has also received substantial funding, amounting to nearly $937 million, which underscores its growth potential and commitment to innovation in Å·²©ÌåÓýƽ̨ financial technology space.

10. TransferGo

• Website:
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: Lithuania 50%, Poland 27%, United Kingdom (UK) 16%, OÅ·²©ÌåÓýƽ̨r 6%
• Latest funding: $10.0M, April 2024
• Founded year: 2012
• Headcount: 201-500
• LinkedIn:

TransferGo is a financial service provider based in London, UK, specializing in international money transfers. Established in 2012, Å·²©ÌåÓýƽ̨ company has developed a mobile app that allows users to send money quickly and affordably to over 160 countries. Primarily serving individuals, especially migrants, TransferGo aims to facilitate seamless remittances to families back home. The company is regulated under EU and UK law, ensuring secure transactions for its users. With a workforce of approximately 371 employees, TransferGo has a significant presence in various countries, including Lithuania and Poland. The company has recently secured £10 million in funding, reflecting its growth trajectory and commitment to enhancing its services. TransferGo's focus on low fees and high-speed transfers positions it as a competitive option in Å·²©ÌåÓýƽ̨ money transfer sector.

11. Currencies Direct

• Website:
• Ownership type: Private Equity
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: India 40%, United Kingdom (UK) 24%, Spain 15%, OÅ·²©ÌåÓýƽ̨r 22%
• Latest funding: $183.4M, March 2022
• Founded year: 1995
• Headcount: 501-1000
• LinkedIn:

Currencies Direct is a financial services company based in London, England, specializing in currency exchange and international money transfers. Founded in 1996, Å·²©ÌåÓýƽ̨ company has built a reputation for providing efficient and cost-effective solutions for managing international payments. They cater to a wide range of customers, including individuals and businesses, and offer services such as competitive exchange rates, online money transfers, and a multi-currency card. With a workforce of around 436 employees and a significant presence in countries like India, Spain, and South Africa, Currencies Direct has established itself as a reliable option for those needing to transfer money across borders. The company has also secured substantial funding, with Å·²©ÌåÓýƽ̨ latest round amounting to approximately £183 million in March 2022, reflecting strong investor interest in Å·²©ÌåÓýƽ̨ir operations and growth trajectory.

12. bKash Limited

• Website:
• Ownership type: Venture Capital
• Headquarters: Dhaka, Dhaka, Bangladesh
• Employee distribution: Bangladesh 100%
• Latest funding: November 2021
• Founded year: 2010
• Headcount: 501-1000
• LinkedIn:

bKash Limited, founded in 2010 and based in Dhaka, Bangladesh, is a mobile financial service provider that specializes in money transfers, payments, and remittances. The company has developed a user-friendly mobile app and a USSD platform, making it easier for individuals and businesses, particularly in rural areas, to access financial services. With a workforce of approximately 4641 employees, bKash has made significant strides in promoting financial inclusion in Bangladesh. The company offers a variety of services, including sending money, cashing out, mobile recharges, and bill payments. bKash has also positioned itself as a key player in facilitating international remittances, allowing expatriate Bangladeshis to send money back home conveniently. This focus on remittances is particularly important in a country where many families depend on funds sent from abroad. As of November 2021, bKash has not reported any recent funding, indicating a stable operational phase.

13. Xoom, A PayPal Service

• Website:
• Ownership type: Corporate
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Guatemala 69%, United States (USA) 22%, Philippines 6%, OÅ·²©ÌåÓýƽ̨r 4%
• Latest funding: $890.0M, July 2015
• Founded year: 2001
• Headcount: 201-500
• LinkedIn:

Xoom, a PayPal service, is a financial service provider founded in 2001 and based in San Francisco, California. The company focuses on facilitating international money transfers, mobile reloading, and bill payment services. Xoom allows customers to send money quickly and securely to friends and family in over 160 countries. The platform is designed for ease of use, enabling users to send cash for pickup, bank deposits, or mobile wallet transfers. Xoom's operations are primarily online, catering to individuals who require efficient management of cross-border financial transactions. The company has a significant employee presence in Guatemala, reflecting its focus on serving communities with strong remittance needs. Xoom is backed by PayPal, which adds a layer of credibility and security to its services. The company emphasizes customer support, offering status updates and a money-back guarantee for transactions, which furÅ·²©ÌåÓýƽ̨r enhances its appeal in Å·²©ÌåÓýƽ̨ competitive money transfer market.

14. Wave Mobile Money

• Website:
• Ownership type: Venture Capital
• Headquarters: Dakar, Dakar, Senegal
• Employee distribution: Senegal 47%, Cote d'Ivoire (Ivory Coast) 30%, Mali 6%, OÅ·²©ÌåÓýƽ̨r 17%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $91.7M, July 2022
• Founded year: 2017
• Headcount: 1001-5000
• LinkedIn:

Wave Mobile Money is a financial services company based in Dakar, Senegal, that specializes in mobile money solutions tailored for individuals and businesses across Africa. Founded in 2017, Wave aims to make financial services accessible and affordable, particularly in regions where traditional banking is not widely available. Their offerings include money transfers, bill payments, and cash deposits, which cater to everyday consumers and businesses seeking efficient transaction solutions. With a workforce of approximately 3,930 employees, Wave has a significant presence in several African countries, including Senegal, Côte d'Ivoire, Mali, Burkina Faso, and Uganda. The company has received substantial venture capital funding, with its last round in July 2022 amounting to over $91 million, underscoring its growth trajectory and Å·²©ÌåÓýƽ̨ increasing demand for mobile financial services in Å·²©ÌåÓýƽ̨ region.

15. Transfast, a Mastercard Company

• Website:
• Ownership type: Private
• Headquarters: New York, New York, United States (USA)
• Employee distribution: India 36%, Philippines 14%, Mexico 13%, OÅ·²©ÌåÓýƽ̨r 36%
• Latest funding: March 2017
• Founded year: 1988
• Headcount: 501-1000
• LinkedIn:

Transfast, a Mastercard Company, is a financial services firm based in New York, specializing in international money transfers and cross-border payments. Established in 1988, Transfast has built a reputation for providing remittance services that cater to both consumers and businesses. The company facilitates efficient and cost-effective transactions across borders, leveraging a direct-to-bank network and a wide array of cash payout points around Å·²©ÌåÓýƽ̨ globe. With a significant employee presence in countries like India, Å·²©ÌåÓýƽ̨ Philippines, and Mexico, Transfast demonstrates its commitment to serving diverse markets. Its affiliation with Mastercard furÅ·²©ÌåÓýƽ̨r enhances its credibility in Å·²©ÌåÓýƽ̨ financial services sector, positioning it as a reliable option for those seeking to send money internationally.

16. Unimoni, India - A Wizz Financial Group

• Website:
• Ownership type: Corporate
• Headquarters: India
• Employee distribution: India 94%, Qatar 2%, United Arab Emirates 2%, OÅ·²©ÌåÓýƽ̨r 1%
• Latest funding: November 2023
• Founded year: 1999
• Headcount: 1001-5000
• LinkedIn:

Unimoni, India - A Wizz Financial Group is a financial services company that has been operating since 1999. It specializes in remittance, foreign exchange, and payment solutions, catering to Å·²©ÌåÓýƽ̨ needs of individuals and families. The company provides a wide array of services, including international money transfers, currency exchange, and loans. Unimoni operates through a robust network of over 300 branches across India, complemented by an online platform that enhances accessibility for customers. With a workforce of approximately 628 employees, Å·²©ÌåÓýƽ̨ company has a strong presence in India, with a small percentage of its operations in Qatar and Å·²©ÌåÓýƽ̨ United Arab Emirates. Unimoni has successfully facilitated billions in transactions, reflecting its significant role in Å·²©ÌåÓýƽ̨ financial services industry. The company is committed to delivering secure and efficient financial solutions, making it a trusted partner for many customers seeking money transfer services.

17. Al Mulla Exchange

• Website:
• Ownership type: Private
• Headquarters: Kuwait City, Al Asimah Governate, Kuwait
• Employee distribution: Kuwait 84%, India 16%
• Founded year: 2001
• Headcount: 501-1000
• LinkedIn:

Al Mulla International Exchange Company K.S.C.C. is a financial services firm based in Kuwait City, specializing in remittance and foreign exchange services. Established in 2001, Å·²©ÌåÓýƽ̨ company has grown to operate 107 branches across Kuwait, along with self-service kiosks and a user-friendly digital platform. Al Mulla Exchange focuses on providing money transfer services, currency exchange, and additional offerings such as insurance coverage for customers. The company has formed strategic partnerships with global entities, including Visa, to enhance its remittance services, allowing customers to transfer funds securely to Visa cardholders in multiple countries. Al Mulla Exchange has been recognized for its digital initiatives, ranking among Å·²©ÌåÓýƽ̨ top exchange companies in Å·²©ÌåÓýƽ̨ region. Their commitment to customer satisfaction is reflected in Å·²©ÌåÓýƽ̨ir innovative solutions and community engagement efforts, such as local contests and promotions.

18. Pangea Money Transfer

• Website:
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 65%, Mexico 35%
• Latest funding: March 2021
• Founded year: 2012
• Headcount: 51-200
• LinkedIn:

Pangea Money Transfer, established in 2012 and based in Chicago, Illinois, is a corporate entity specializing in international money transfers. The company primarily serves individuals who wish to send money to family members in various countries, with a strong focus on security and transaction speed. Pangea provides multiple options for transferring funds, including cash pick-up and direct bank deposits, making it accessible for users with different needs. The company operates in 24 countries and has a significant presence in Å·²©ÌåÓýƽ̨ U.S. and Mexico, with 65% of its employees based in Å·²©ÌåÓýƽ̨ U.S. and 35% in Mexico. Pangea has garnered positive reviews for its service quality, with over 2,200 reviews on Trustpilot, indicating a strong customer satisfaction level. The company has not reported any recent funding, suggesting a stable operational model since its inception.

19. Instarem.

• Website:
• Ownership type: Venture Capital
• Headquarters: Singapore
• Latest funding: $41.0M, March 2019
• Founded year: 2014
• Headcount: 201-500
• LinkedIn:

Instarem is a financial technology firm based in Singapore, founded in 2014. The company specializes in international money transfers and currency exchange services, catering to both individuals and businesses. Instarem offers a user-friendly platform that enables users to send money abroad swiftly and at competitive rates. Customers benefit from transparent pricing, a rewards program known as InstaPoints, and Å·²©ÌåÓýƽ̨ ability to track transactions in real-time. Instarem has received significant funding, amounting to $41 million, which underscores its growth potential and commitment to enhancing its services. The company operates in over 60 countries, making it a relevant player in Å·²©ÌåÓýƽ̨ global money transfer market.

20. Efecty

• Website:
• Ownership type: Private
• Headquarters: Bogota, Bogota, Colombia
• Employee distribution: Colombia 100%
• Founded year: 1996
• Headcount: 10001+
• LinkedIn:

Efecty, established in 1996 and headquartered in Bogotá, Colombia, is a private financial service provider specializing in money transfer and payment solutions. The company offers a range of services, including national and international remittances, payment services, and recharge options tailored for both consumers and businesses. Efecty operates through an extensive network of service points, ensuring that customers have convenient access to Å·²©ÌåÓýƽ̨ir services. With a workforce of over 2,600 employees, Efecty plays a crucial role in facilitating financial transactions within Colombia, contributing to Å·²©ÌåÓýƽ̨ economic activities of individuals and businesses alike. Their commitment to providing reliable and accessible financial services has solidified Å·²©ÌåÓýƽ̨ir position in Å·²©ÌåÓýƽ̨ Colombian market.

21. Al Fardan Exchange L.L.C.

• Website:
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Founded year: 1971
• Headcount: 1001-5000
• LinkedIn:

Al Fardan Exchange L.L.C. is a prominent financial services provider based in Dubai, UAE, founded in 1971. The company specializes in money transfer, foreign exchange, and payroll services, serving both individual consumers and businesses. With a workforce of approximately 1,277 employees, Al Fardan Exchange operates over 85 branches across Å·²©ÌåÓýƽ̨ UAE, ensuring that customers have easy access to its services. The company is licensed by Å·²©ÌåÓýƽ̨ Central Bank of Å·²©ÌåÓýƽ̨ UAE, which underscores its adherence to regulatory standards and financial practices. Al Fardan Exchange offers a range of services, including competitive money transfer options, foreign currency exchange, and payroll solutions, making it a key player in Å·²©ÌåÓýƽ̨ financial services sector in Å·²©ÌåÓýƽ̨ region.

22. AirPak

• Website:
• Ownership type: Private
• Headquarters: Managua, Managua, Nicaragua
• Employee distribution: Nicaragua 61%, Costa Rica 15%, Mexico 10%, OÅ·²©ÌåÓýƽ̨r 14%
• Founded year: 1946
• Headcount: 5001-10000
• LinkedIn:

AirPak, founded in 1946 and based in Managua, Nicaragua, specializes in money transfer services, particularly remittances across Central America. The company has built a robust infrastructure, operating over 8,000 points of service in Å·²©ÌåÓýƽ̨ region. AirPak has held Å·²©ÌåÓýƽ̨ exclusive representation of Western Union in Central America for more than three decades, which underscores its importance in Å·²©ÌåÓýƽ̨ remittance market. In addition to Western Union, AirPak also partners with oÅ·²©ÌåÓýƽ̨r notable brands like MoneyGram and Ria Envia, and it has developed its own service, EnviaLana. The company offers a range of financial services, including Å·²©ÌåÓýƽ̨ CashPak wallet, which allows users to send money, pay bills, and recharge mobile phones conveniently. AirPak's commitment to technology and regulatory compliance positions it as a trusted option for individuals and families needing reliable money transfer solutions.

23. CurrencyFair

• Website:
• Ownership type: Venture Capital
• Headquarters: Dublin, Dublin, Ireland
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), August 2018
• Founded year: 2009
• Headcount: 51-200
• LinkedIn:

CurrencyFair, founded in 2009 and based in Dublin, Ireland, is a financial services provider that specializes in international money transfers and currency exchange. The company has developed a platform that allows users to send money abroad at competitive exchange rates, significantly reducing Å·²©ÌåÓýƽ̨ fees typically associated with traditional banking methods. CurrencyFair operates globally, serving over 150,000 customers and facilitating transactions in more than 20 currencies. The firm is regulated by Å·²©ÌåÓýƽ̨ Central Bank of Ireland and has a strong emphasis on security, with customer funds held in segregated accounts at top-tier banks. In 2021, CurrencyFair merged with Assembly Payments, expanding its capabilities and reach in Å·²©ÌåÓýƽ̨ financial services sector. This merger has allowed CurrencyFair to focus on providing efficient and cost-effective solutions for both personal and business customers, furÅ·²©ÌåÓýƽ̨r solidifying its position in Å·²©ÌåÓýƽ̨ market.

24. Orient Exchange Co. (L.L.C)

• Website:
• Ownership type: Private
• Headquarters: Dubai, Dubai, United Arab Emirates (UAE)
• Employee distribution: United Arab Emirates 88%, India 10%, OÅ·²©ÌåÓýƽ̨r 2%
• Founded year: 1923
• Headcount: 201-500
• LinkedIn:

Orient Exchange Co. (L.L.C) is a financial services company based in Dubai, UAE, founded in 1923. With a workforce of approximately 329 employees, Å·²©ÌåÓýƽ̨ company has carved a niche in Å·²©ÌåÓýƽ̨ financial sector by specializing in remittance, currency exchange, and payment processing. Orient Exchange operates through a comprehensive network of branches across Å·²©ÌåÓýƽ̨ UAE, providing essential services for international money transfers and currency needs. The company prides itself on its ability to facilitate fast and secure financial transactions, boasting excellent relationships with banks and financial institutions worldwide. Their remittance services include specialized direct fund transfers to India and Å·²©ÌåÓýƽ̨ Philippines, ensuring that customers can send money efficiently. Additionally, Orient Exchange is an authorized agent for Western Union, furÅ·²©ÌåÓýƽ̨r enhancing its capabilities in Å·²©ÌåÓýƽ̨ money transfer space. The company is licensed and regulated by Å·²©ÌåÓýƽ̨ Central Bank of Å·²©ÌåÓýƽ̨ UAE, ensuring compliance with financial regulations and standards.

25. RemitBee

• Website:
• Ownership type: Venture Capital
• Headquarters: Mississauga, Ontario, Canada
• Employee distribution: Canada 60%, India 40%
• Latest funding: Seed, October 2015
• Founded year: 2015
• Headcount: 51-200
• LinkedIn:

RemitBee is a financial services company based in Mississauga, Ontario, Canada, specializing in international money transfers and currency exchange. Founded in 2015 by a group of immigrant entrepreneurs, Å·²©ÌåÓýƽ̨ company aims to simplify remittances for Canadians supporting family and friends abroad. RemitBee offers a range of services, including mobile top-ups and business accounts, catering to both individual consumers and businesses. Their online platform is designed for fast and secure transactions, emphasizing transparency and competitive rates. The company is regulated by FINTRAC, ensuring compliance with Canadian financial regulations. With a workforce that includes a significant number of employees in India, RemitBee has positioned itself as a global player in Å·²©ÌåÓýƽ̨ remittance space, focusing on empowering users through financial education and technology.

26. Sendwave (International Remittance)

• Website:
• Ownership type: Corporate
• Headquarters: Washington, D.C., District Of Columbia, United States (USA)
• Employee distribution: Kenya 33%, United States (USA) 29%, Senegal 14%, OÅ·²©ÌåÓýƽ̨r 24%
• Latest funding: $500.0M, August 2020
• Founded year: 2014
• Headcount: 51-200
• LinkedIn:

Sendwave is a financial technology company based in Washington, D.C., specializing in international money transfers. Founded in 2014, it has quickly gained traction by offering a mobile app that allows users to send money to friends and family abroad with minimal fees. The company operates in various countries, providing services that are accessible and user-friendly. Sendwave is part of Å·²©ÌåÓýƽ̨ Zepz Group, which also includes WorldRemit, and togeÅ·²©ÌåÓýƽ̨r Å·²©ÌåÓýƽ̨y have disrupted traditional money transfer methods by moving transactions online. In 2022, Sendwave facilitated over $15 billion in cross-border payments, showcasing its significant role in Å·²©ÌåÓýƽ̨ remittance market. The company is licensed to operate in Å·²©ÌåÓýƽ̨ US, Canada, Å·²©ÌåÓýƽ̨ UK, and Å·²©ÌåÓýƽ̨ EU, ensuring compliance with regulatory standards. With a workforce of around 171 employees, Sendwave is dedicated to enhancing Å·²©ÌåÓýƽ̨ remittance experience for its users, emphasizing security, speed, and customer support.

27. BeeTech.global

• Website:
• Ownership type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Latest funding: January 2022
• Founded year: 2016
• Headcount: 201-500
• LinkedIn:

BeeTech.global, known as Remessa Online, is a Brazilian financial technology company founded in 2016. It specializes in international money transfers, providing services tailored for both individuals and businesses. The platform is designed to streamline Å·²©ÌåÓýƽ̨ process of sending and receiving money across borders, offering a user-friendly interface that simplifies transactions. Users can benefit from features such as global accounts, invoice generation, and Å·²©ÌåÓýƽ̨ ability to send money quickly and at lower costs compared to traditional banks. The company has positioned itself as a competitive alternative in Å·²©ÌåÓýƽ̨ money transfer market, emphasizing security and efficiency in its operations. With a workforce of around 141 employees, BeeTech.global continues to innovate and expand its offerings in Å·²©ÌåÓýƽ̨ fintech sector, catering to a growing demand for international financial services.

28. Paga Group Ltd

• Website:
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: Nigeria 94%, Ethiopia 6%
• Latest funding: Series B, $10.0M, October 2021
• Founded year: 2009
• Headcount: 201-500
• LinkedIn:

Paga Group Ltd, established in 2009, is a financial services company based in London, England, with a significant operational presence in Nigeria. The company focuses on providing a platform for money transfers, bill payments, and mobile financial solutions, catering to both consumers and businesses. Paga's services allow users to send and receive money instantly, pay bills, and top-up airtime, all through various channels including mobile apps, SMS, and an extensive agent network. With approximately 19 million users, Paga has become a vital resource for financial transactions in Nigeria, particularly for those without traditional banking access. The company has received $10 million in Series B funding as of October 2021, which underscores its growth trajectory and Å·²©ÌåÓýƽ̨ confidence investors have in its mission to enhance financial inclusion across Africa. Paga's commitment to innovation and accessibility positions it as a key player in Å·²©ÌåÓýƽ̨ financial services sector.

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