The list of leading money transfer companies is growing every day. Some are global well established wire transfer services that can reach almost anywhere on the planet – while others are competitive but only serve select areas.
Size has little to do with service or cost however – so you'll want to see what options apply to the area/country you're sending money to in order to make an informed choice.
Leading Money Transfer Companies
| Western Union |
Largest network. Tops in reliability. Best brand awareness. |
Typically is the most expensive (sometimes significantly higher). |
| MoneyGram |
2nd Largest USA wire transfer provider. |
Limited / No International network. High costs. |
| PayPal |
Free or low cost. Available everywhere. |
Requires your receiver to also have an online account. |
| Xoom |
Great mix of options. Low costs – flexible & convenient to use. |
Not available in all countries. |
| iKobo |
Low costs. |
Limited model. Harder to use. |
| icici |
Free money transfers to India. |
Limited to India receivers. |
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