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Sendwave

Sendwave review

4.2Est. 2014
By Awais ImranData updated every 6 hoursOur methodology

Sendwave (owned by WorldRemit) specializes in fast, low-cost transfers to Africa and South Asia via mobile money. No fees — revenue comes from exchange rate margin.

Countries

15+

Currencies

15+

Speed

Instant to minutes

Fees

$0 fee — revenue from exchange rate margin

Is Sendwave the right choice?

Sendwave should be evaluated on the receiving method offered for your particular destination. A mobile-money transfer, a bank deposit and a Sendwave Wallet transfer are different products; a previous successful payment through one does not establish the terms of another.

What we measured over the last 91 days

Use the displayed comparison as a price check for its stated currency pair and amount. Sendwave’s final confirmation remains the place to check the fee, exchange rate and receiving method for your actual beneficiary. Promotional pricing or wallet rewards should not be assumed to apply to every transfer.

A repeat payment to a confirmed recipient

Saving a beneficiary can simplify an allowance when the same account or mobile-money number remains active. Before repeating it, check that the selected receiving product still matches the one the family expects.

When the destination product is unclear

Do not treat a balance in Sendwave Wallet as identical to a local-currency bank credit. If a further conversion or withdrawal is needed for the recipient’s bill, include that step before comparing usable payouts.

Before you send with Sendwave

Sendwave’s support information says pricing depends on the route, funding, receiving method and amount. It publishes delivery ranges rather than a universal instant-arrival promise. Check the estimate shown for the selected payment before confirming.

Pros

  • Zero transfer fees
  • Instant delivery to mobile money wallets
  • Simple, fast app experience

Cons

  • Limited to ~15 countries (Africa & South Asia focus)
  • Exchange rate markup built into rate
  • Low max transfer limit ($5,000)

Sendwave features

Mobile money delivery
Instant transfers
Rate alerts

Sendwave transfer details

HeadquartersBoston, Massachusetts, USA
RegulatedYes
RegulatorsFinCEN, FCA
Min Transfer$1
Max Transfer$5,000
Payment MethodsDebit Card
Delivery MethodsMobile Money, Bank Deposit
Exchange Rate Markup1% - 3% above mid-market

Published by Sendwave. Not measured by us; Sendwave’s limits and methods vary by country.

Compare Sendwave

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Comparisons

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