The New Face Of Fintech

In past articles, we mentioned the group of companies known as Money Transfer Operators (MTO), which have dominated the remittance industry for a long time due to the need for cash, requiring physical locations and a significant investment to be able to operate.

But these companies comfortable hold on the industry is now being challenged by digital remittance startups. Digital-first remittance companies are competing on fees and usability and capitalizing on the way people’s expectations have changed with the advent of digital and mobile channels.

Here are 10 of the best digital remittance and money transfer companies.



established back in 1993 as one of the Internet’s first currency exchange rate providers. Today XE is part of the vast and industry-leading Euronet holding, together with HiFx and Ria. is designed for individuals and businesses interested in sending or receiving money internationally – any time, anywhere.


Pros Cons
low fees no cash or cheques accepted
free accounts Limit of transfers
available in 170+ countries and 60+ currencies

World Remit

As its name suggests, the company is focused on global remittances. Based in Denver, Colorado, this online money transfer company offers services to senders across 150 countries, with 145+ receiving destinations in the Americas, Australia, Asia, Africa, and continental Europe.


Pros Cons
Low fees difficult to find information about rates
Friend referral bonuses available Limited amount of transfers
different options of payment for transfers limited customer service


founded in 2012 with the mission of making money transfers cheap and fast for all its customers, and to this day, trusted by millions of people around the world


Pros Cons
Friend referral bonus available Limited customer service
Low rates and fees limited coverage
good user interface Not available for US residents


OFX is an online money transfer provider that delivers to more than 80 countries from the US via its website and mobile app. Its most significant advantage is cost: It’s among the cheapest international money transfer providers in a recent NerdWallet survey. And there’s no maximum transfer amount.


Pros Cons
Low rates and fees only bank account to bank account options
No maximum transfer amount no same-day delivery
24/7 customer service minimum transfer of 1000 USD


World First Limited, registered and headquartered in the UK, is a market-leading and award-winning foreign exchange company. It offers currency exchange and international payments to both private and corporate clients. Since its establishment in 2004, the company has proliferated, and today has offices across four continents employing more than 600 people.


Pros Cons
Low rate and fees unavailable in USA
98% positive feedback Minimum transfer of 1000 GBP 
transparent pricing better offering for ecommerce

Currency Direct

Founded in 1996, Currencies direct offers currency exchange and international payments to customers via its website and mobile app. most of its transactions are free, and customers have access to forward contracts, but its reach is limited.


Pros Cons
90% of transactions are free supports only 60 currencies
Access to forward contracts no cash transactions possible
Transparent exchange rates not available in some locations


Although Iban First is a B2B only platform it made our list an award-winning Fintech focused on international payments for SMEs. Founded in 2013, iBanFirst provides businesses with an internationally optimized financial services platform, combining technological, economic, and regulatory expertise.


Pros Cons
Low rates and fees Not available globally
Transparent pricing Only B2B
forward contracts available Limited customer support


Transferwise is a London-based online money transfer service founded in January 2011. The company supports more than 750 currency routes worldwide, including GBP, USD, EUR, AUD, and CAD, and provides multi-currency accounts.


Pros Cons
No minimum transfer amount Higher fees and rates than close competitors
Good customer support No cash operations available
Easy interface Not available globally


With Headquarters in Singapore, and founded in 2014, Nium provides digital international money transfer services to individuals and businesses.


Pros  Cons
1st transfer bonus minimum transfer of 50 USD
zero margin rates No cash operations available
fast transfer higher fees in certain countries

Currency solutions.

Currency Solutions Limited is fully licensed and regulated to offer financial products and services, courtesy of the FCA (Financial Conduct Authority). The company is registered with HM Revenue and Customs and is compliant with Anti-Money Laundering regulations. This award-winning currency brokerage serves thousands of customers across the United Kingdom.


Pros Cons
Solutions for individuals and companies difficult registration process
Fully licensed and regulated No mobile app
Segregated accounts for all clients minimum transfer of 1000 GBP for individuals and 10000 for businesses.



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*Disclaimer: Fyggex, does not give any guidance, advice or recommendations to neither invest or not in any available cryptocurrency directly or indirectly via any trading platform, exchange or provider. Our sole purpose is to make you aware of the related real or potential risks and opportunities so that you can make your own research prior to any financial decisions you may want to take. Past performance and position are not a guarantee of risk-free future returns.



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