GME Remit review

Founded in 2016 and based in Seoul, South Korea, GME Remit is a global money transfer network. GME Remit is authorised and regulated by FSC (Korea), FSS, Bank of Korea, which means customer money is safeguarded separately from company funds.

On the fee side, expect flat fee from ₩5,000 per transfer, but the bigger cost is usually the exchange-rate markup of varies by corridor, which is built into the rate rather than shown as a line item. The minimum transfer is $1, with no fixed upper limit on most corridors. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at minutes to 1 business day, and the service reaches 200+ countries across 60+ currencies. You can fund a transfer by Bank Transfer, Debit Card and GME Wallet, with money delivered via Bank Deposit, Cash Pickup and Mobile Wallet. The mix of funding and payout options is a good guide to which corridors GME Remit handles best.

On the plus side: south korea's first licensed private remittance company, cash pickup and bank deposit in minutes via moneygram and ria and low flat fees from ₩5,000 per transfer. That makes it a sensible choice for sending to recipients who need cash in hand rather than a bank deposit. Worth keeping in mind: only sends from south korea (krw) and no public rate feed — indicative pricing shown until integrated.