Launched in 2010 by Ismail Ahmed, World Remit is a money transfer service that allows you to seamlessly send money overseas via its online platform. The company was formed with the view of reducing the highly expensive fees charged by legacy transfer service firms like Western Union.

How Does World Remit Work?

In order to facilitate super fast international transfers, World Remit has an extensive banking network in multiple countries. Not only does this result in fast transfers, but by operating in multiple currencies, transfers are cheaper, too. This is because unlike traditional money transfer providers, World Remit partners already hold the currency that you want to transact in.

What Fees do World Remit Charge?

Attempting to understand how much you are actually paying when transferring money is no easy feat. Regardless of who you use to facilitate the transfer, you need to consider fees on a number of fronts. Mainly, this centres of the transfer fee itself, as well as the currency exchange rates used.

How Long do World Remit Transfers Take?

Much like in the case of the transfer fee structure, transfer times with World Remit can vary wildly. Notably, this will depend on the type of payment method you use, how the beneficiary will receive the funds, and the country you are sending the money to.

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