Remitly — review & details
Pick your speed: near-instant Express for a small fee, or free Economy over 1–3 days. FCA/FinCEN-licensed, delivering to M-Pesa, Airtel Money and banks.
Choice of speed
Remitly
★★★★☆
Express small flat fee; Economy free — cost sits in a ~1–3.7% margin
Pricing
M-Pesa, Airtel Money, bank accounts
Payout
Express: minutes. Economy: 1–3 business days
Speed
Free to receive
Receiving Cost
inbound
Direction
Pros
- Near-instant Express option
- Heavily regulated (FCA/FinCEN)
- Flexible payout methods
Cons
- Margin often above mid-market-rate rivals
- Economy is slower
How Remitly compares in money transfer & remittance
| Remitly | Wise | Sendwave | |
|---|---|---|---|
| Pricing | Express small flat fee; Economy free — cost sits in a ~1–3.7% margin | Mid-market rate + transparent fee, ~0.5–1% all-in | No flat fee; the cost is in the exchange-rate margin |
| Payout | M-Pesa, Airtel Money, bank accounts | Direct to M-Pesa, or bank account | Direct to M-Pesa |
| Speed | Express: minutes. Economy: 1–3 business days | M-Pesa often in minutes; bank 1–2 working days | Minutes |
| Receiving Cost | Free to receive | Free to receive; M-Pesa withdrawal fees only if cashing out | Free to receive |
| Visit Remitly → | Visit Wise → | Visit Sendwave → |
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