WorldRemit Named Best App for International Money Transfers

WorldRemit has been named the best app for international money transfers by Investopedia.

Financial publication Investopedia has named global payments company WorldRemit the ‘Best for International Transfers’ as part of its ‘Best Money Transfer Apps of 2021’ awards. The fintech company headquartered in London beat stiff competition in a crowded field to be crowned as the leader for international payments.

The prestigious awards assessed the best money transfer apps that help users transfer money safely and without hidden fees.

The ‘Best for International Transfers’ title, won by WorldRemit, also looked at the right fit for consumer-specific needs involving international payments and ease of use.

WorldRemit’s fast transactions and low fees recognised

In determining the award, the financial publication acknowledged WorldRemit’s fast transaction speeds as well as the low fees it charges users.

Investopedia noted: “The WorldRemit app won this category for its low fees, best upfront exchange rates, and no hidden costs, as well as its flexibility.

“WorldRemit can send money to recipients within 10 minutes. Most transfers complete within 24 hours wherever recipients live in the world.”

Investopedia looked at ease of use and user ratings in determining winners

As part of the awards assessment, Investopedia researched several money transfer apps, looking at each app’s store ratings and then testing each app for ease of use and transaction speed.

Investopedia also analysed each app’s compatible systems and narrowed its shortlist by evaluating the apps’ security features. Lastly, by taking a look at transaction fees and the flexibility within transfer options, Investopedia determined the winners.

Reflecting on the award, a spokesperson for WorldRemit said: “We are delighted to be recognised by Investopedia as having the best international money transfer app. Helping consumers make swift and safe cross-border payments is at the heart of why we exist.

“WorldRemit’s success is underpinned by our ability to keep innovating whilst delivering convenient services which offer great value for money through competitive exchange rates.”

The award-winning fintech company recently launched a Transfer Tracker app which allows recipients of money transfers to track their funds in real-time. The app is free to download through the Google app store in a number of countries including India, Mexico and Nigeria.