WorldRemit vs InstaReM

Is WorldRemit better than InstaReM?

Both InstaReM and WorldRemit work in the same remittance territory and both fit just fine for small and medium personal transfers. Both utilize modern approach and technology to offer an impressive multitude of transfer methods and receiving options, at a much more competitive price than banks can offer. There are a lot of crucial differences, however. From the two, only WorldRemit offerы Android Pay and Apple Pay, as well as cash pick-ups, while the only way to collect a transfer made by InstaReM is a bank account. On top of that, while being the number 1 option for Australia and Asia region, InstaReM does not operate in Canada and many European corridors.

Established
Established
2010
2014
TrustPilot Rating
TrustPilot Rating
Office Locations
Office Locations
UK, EU, USA, India, South Africa
UK, USA, Australia, EU, India, Malaysia, Hong Kong
REGULATION
FCA (UK)
FCA (UK)
ASIC (Australia)
ASIC (Australia)
Other
Other
SAFTEY
Two-factor payment authentication
Two-factor payment authentication
Information stored in a secure data center
Information stored in a secure data center
Biometric systems
Biometric systems
Segregated customer accounts
Segregated customer accounts
256-bit website encryption via SSL
256-bit website encryption via SSL
FEES & CHARGES
Transaction Fee
Transaction Fee
Low Fees $3 - $4 on average (for most countries)
Low Fees 0.25%-1% of the transfer amount
Exchange Rate
Exchange Rate
Mid-market rate
Mid-market rate
Other Fees
Other Fees
Minimum Transfer Amount
Minimum Transfer Amount
€/£/$1
$50
Final amount quote upfront
Final amount quote upfront
SENDING & RECEIVING OPTIONS
Scheduled & Recurring Payments
Scheduled & Recurring Payments
Delivery Speed
Delivery Speed
0 - 3 Days
0 - 3 Days
Countries
Countries
150
54
Currencies
Currencies
115
20+
CUSTOMER SUPPORT
Phone Assistance
Phone Assistance
Email
Email
Live Chat
Live Chat
24/7, 7 days/week
24/7, 7 days/week
TRANSFER METHODS
Bank transfer
Bank transfer
Credit/Debit Card
Credit/Debit Card
Cash
Cash
Cheque
Cheque
Other
Other
Android Pay Apple Pay Sofort
ONBOARDING SIMPLICITY
Onboarding time
Onboarding time
Within minutes
Within minutes
eKYC
eKYC
Ease of use
Ease of use
Easy
Easy
UNIQUE FEATURES
Home delivery
Home delivery
Mobile money transfers
Mobile money transfers
Mobile airtime top-ups
Mobile airtime top-ups
The first transfer fee-free
The first transfer fee-free
MOBILE TRANSFERS
Full Featured App
Full Featured App
Mobile Adaptive Website
Mobile Adaptive Website
App UX
App UX
With WorldRemit, send money FAST

90% of all transactions are completed in just minutes!

 

With WorldRemit, send money FAST

90% of all transactions are completed in just minutes!