Online Money Transfer Companies

WorldRemit  is an online money transfer service that provides international remittances services to expatriates and migrant workers. this company was created in 2010 by Ismail Ahmed, Catherine Wines and Richard Igoe and is backed by venture capital companies  Accel Partners  and Technology Crossover Ventures (TCV).  As of December 2017, the company had around 2 million users. WorldRemit also provide services as reloads to albania and its services are provided to more than 125 countries.

TransferWise  is an Estonian developed and UK-based peer-to-peer money transfer service launched in January 2011 by Kristo Käärmann and Taavet Hinrikus with headquarters in London and offices in a number of cities including Tallinn, New York and Singapore. TransferWise supports more than 300 currency routes across the world as well as providing multi-currency accounts. The concept was to match transfers with other people and then have a small commission while using the inter-bank mid exchange rate, unlike traditional currency transfers where there are buy and sell rates and the broker takes the difference between the two. Transferwise provide services from multiple countries with great exchange rates and very low commisions,  Source: Wikipedia

Xoom offers money transfer services, primarily from one person to another, in many countries worldwide. Money is sent securely through a desktop and mobile site as well as a mobile app. Money sent by Xoom may be received in cash at banks and various other businesses depending on the recipient's location, as well as by deposit to bank accounts. Users pay for the service using funds paid by direct debit to their U.S. bank account, a credit card, or a debit card.  The Xoom fee varies based on the method of payment. Payment by direct debit to a bank account is the least expensive, while the fee payments by a debit card or credit card are much higher and are based in part on the amount being sent. Xoom acknowledges that it also makes money on the currency exchange, but the exchange rates are favorable to many other alternatives. The service employs a variety of methods to assure the integrity of users' accounts as well as to prevent fraud and money laundering. These methods includ...