Worthy mentions also go to Western Union (7.5/10), MoneyGram (7.6/10), and Ria (8.0/10) - which despite seeing their Trust & Credibility scored lowered as a result of non-transparent pricing - remain the largest, second-largest, and third-largest money transfer companies on the globe and are highly credible services as a result.īreaking It Down by Fees & Exchange Rates Other money transfer services that rank well in the Trust & Credibility category, which didn't make the top three include Remitly (8.9/10), CurrencyFair (8.5/10), and Remessa Online (9.0/10). These include top-notch security protocols such as segregated user accounts, 128-bit encryption, and HTTPS, as well as due authorisation by the relevant financial regulators. While some providers earn a higher Trust & Credibility score than others, it's well worth keeping in mind that every service you encounter on Monito is completely trustworthy and meets, at minimum, a set of stringent trust and security criteria. Worthy Mentions and Special Considerations Instarem: Since its establishment in 2014, Instarem has grown to serve two million customers, employ over 200 people, and transfers over US$4 billion worldwide annually.
TransferGo: Around 2.5 million customers and around £1 billion being handled in transfer principal.Wise: Moves more than US$70 billion across borders for more than 10 million customers every year.When it comes to the Trust & Credibility component of The Monito Score, Wise, TransferGo, and Instarem are the strongest services for the following reasons:
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