MoneyGram vs TapTap Send: Fees, Rates & Speed Compared
MoneyGram ahead on USD → INR, GBP → PKR; TapTap Send on GBP → EUR, USD → PHP, USD → MXN, USD → NGN.
MoneyGram
Won 2 of 6 routes here
4.0
TapTap Send
Won 4 of 6 routes here
4.7MoneyGram is a century-old cash-agent network; TapTap Send is a five-year-old app built specifically for diaspora remittances to Africa, South Asia and the Caribbean. The overlap is real — both serve corridors where the recipient may not have a bank account — but the pricing models differ sharply: MoneyGram's fee starts at $1.99 with a 1-3% markup, against TapTap Send's $0 fee on most corridors with roughly 0.7% built into the rate. TapTap Send is usually the sharper price; MoneyGram is usually the wider reach.
Live comparison: MoneyGram vs TapTap Send across popular corridors
Recipient payout route by route, MoneyGram against TapTap Send, from collected quotes (not guaranteed).
| Corridor | MoneyGram | TapTap Send | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹96,233.62 | ₹95,974.85 | MoneyGram (+₹258.77) |
| GBP → EUR(£1,000) | €1,162.52 | €1,174.99 | TapTap Send (+€12.47) |
| USD → PHP($500) | ₱30,972.97 | ₱31,100.79 | TapTap Send (+₱127.82) |
| USD → MXN($1,000) | MX$17,861.98 | MX$18,120.50 | TapTap Send (+MX$258.52) |
| GBP → PKR(£500) | ₨182,608.24 | ₨182,493.65 | MoneyGram (+₨114.59) |
| USD → NGN($200) | ₦267,855.02 | ₦268,194.90 | TapTap Send (+₦339.88) |
Key differences between MoneyGram and TapTap Send
MoneyGram vs TapTap Send: Feature comparison
| Feature | MoneyGram | TapTap Send |
|---|---|---|
| Overall rating | 4.0/5 (Good) | 4.7/5 (Excellent) |
| Fee structure | From $1.99 to $11.99+ | $0 on most corridors; small fee on select corridors |
| Exchange rate markup | 1% - 3% above mid-market | ~0.7% above mid-market |
| Transfer speed | Minutes to 3 days | Under 3 minutes (95% of transfers) |
| Supported countries | 200+ | 80+ |
| Supported currencies | 50+ | 65+ |
| Max transfer | $10,000 | $10,000 |
| Delivery methods | Bank Deposit, Cash Pickup, Mobile Wallet | Bank Deposit, Mobile Money |
| Regulators | FinCEN, FCA | FCA, FinCEN |
What we measured: MoneyGram vs TapTap Send
TapTap Send led on 44 of 153 of the corridors we price against 0 of 60 for MoneyGram, whose win rate of 0.6% means it rarely takes the front against a specialist this focused. MoneyGram's average shortfall is 3.14%, against 0.72% for TapTap Send.
A worked example: $1,000 to India
On $1,000 USD→INR the gap is ₹259, with MoneyGram delivering more — 0.05% all-in for MoneyGram against 0.32% for TapTap Send. Both price cash pickup and mobile money differently from a bank deposit, so match your recipient's actual payout method to the quote.
When to choose MoneyGram vs TapTap Send
Pick MoneyGram when its agent is the nearby one
MoneyGram's argument is the same as it is against any digital specialist: a physical counter in 200 countries, useful when the recipient's nearest reliable collection point is a MoneyGram location rather than a bank or mobile wallet. Its fees start higher than TapTap Send's, but the trade is a much larger cash footprint.
Pick TapTap Send for price and speed on its core corridors
TapTap Send is built specifically for the corridors it serves — Africa, South Asia and the Caribbean diaspora routes — and prices them sharper than a general-purpose cash network. Under three minutes for 95% of transfers, close to $0 fee on most routes, and mobile money delivery alongside bank deposit. The constraint is a narrower country list than MoneyGram's, so confirm TapTap Send actually serves your destination first.
What the MoneyGram and TapTap Send figures don’t settle
Agent-level pricing is not something we observe. TapTap Send's fee-free claim doesn't apply to every corridor. Confirm the quote, payout method and TapTap Send's coverage of your destination before sending.
Verdict: MoneyGram or TapTap Send?
Cost winner: TapTap Send
TapTap Send led 44 of 153 of the corridors we price against 0 of 60 for MoneyGram, a 0.6% win rate for MoneyGram against a specialist priced close to the mid-market rate. Average shortfalls of 0.72% and 3.14% confirm the gap isn't close.
Speed: Similar delivery times
TapTap Send settles in under three minutes for 95% of transfers; MoneyGram's express option is comparable on some corridors but not guaranteed across its wider, less digitally-optimised network.
Wider coverage: MoneyGram
MoneyGram's 200 countries and century-old agent network beat TapTap Send's narrower, diaspora-focused corridor list on raw reach. TapTap Send answers with mobile money delivery and pricing built specifically for the routes it does serve.
Bottom line
TapTap Send is the sharper price on the corridors it actually covers; MoneyGram is the fallback when the destination is somewhere TapTap Send's narrower network doesn't reach. Check TapTap Send's coverage for your specific corridor before assuming it's an option at all.
MoneyGram vs TapTap Send: your questions
Does TapTap Send serve every corridor MoneyGram does?
No — TapTap Send is built around specific diaspora corridors (Africa, South Asia, the Caribbean) rather than MoneyGram's near-global 200-country reach. Check TapTap Send's coverage list for your specific destination before assuming it's an option.
Why is TapTap Send usually cheaper than MoneyGram?
TapTap Send prices close to the mid-market rate (a 0.97% median markup in our data, $0 fee on most corridors) as its core proposition, while MoneyGram's pricing reflects the cost of maintaining a much larger physical agent network. The trade is reach for price.
Can MoneyGram deliver to a mobile money wallet?
Yes, on corridors where it offers mobile wallet delivery, though its core strength is cash pickup rather than mobile money specifically. TapTap Send is built around mobile money as a primary payout method on its core corridors, which is a difference in emphasis rather than a hard capability gap.
Is MoneyGram slower than TapTap Send?
Not necessarily — MoneyGram offers express options on many corridors that are comparable to TapTap Send's under-three-minutes standard. The more reliable general pattern is that TapTap Send's speed is consistent across its corridor list, while MoneyGram's varies more by route.