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WorldRemit is regulated by the financial institutions of the countries where it’s available. Their website, app, and data are encrypted and protected to prevent unauthorized account login. ID verification is required to access your account. And their security department comprises a team devoted to detecting any suspicious account or transaction activity.
WorldRemit offers its services in approximately 130 countries and 70 currencies. The service provider also has a wide range of payment and delivery methods to choose from.
This platform is better suited to individuals who want to transfer funds to families and friends abroad.
Factors such as the recipient’s country and the method used to deliver the funds will determine your transfer fees. But these fees are typically low and usually aren't more than between $1 and $4.
A transfer of funds through WorldRemit usually appears in the destination account in a matter of minutes. But the delivery timeframe will be affected by the way the funds are received. For instance, if funds are physically delivered to the recipient, the transaction will take longer to complete.