OFX vs TapTap Send: Fees, Rates & Speed Compared
OFX
4.2OFX is a global money transfer service specializing in large transfers for individuals and businesses, offering competitive rates with no transfer fees.
TapTap Send
4.7TapTap Send is a mobile-first money transfer app with zero or minimal fees, a ~0.7% exchange rate markup, and 95% of transfers delivered in under 3 minutes across 80+ countries.
OFX and TapTap Send are both popular choices for international money transfers, but they take different approaches. OFX, founded in 1998 and headquartered in Sydney, Australia, is best known for large transfers and business payments. TapTap Send, operating since 2018 from London, UK, focuses on remittances and mobile money. This comparison uses real transfer data collected from both providers across 6 popular corridors to show you exactly which one offers better value for your specific needs. Our data shows the difference can be significant — on a £500 GBP → PKR transfer, TapTap Send delivers ₨7719.74 more to the recipient.
In this comparison
Live comparison: OFX vs TapTap Send across popular corridors
The table below shows how much the recipient receives when sending through OFX vs TapTap Send on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | OFX | TapTap Send | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹92,293.11 | ₹96,814.05 | TapTap Send (+₹4520.94) |
| GBP → EUR(£1,000) | €1,122.80 | €1,151.06 | TapTap Send (+€28.26) |
| USD → PHP($500) | ₱28,622.65 | ₱30,648.88 | TapTap Send (+₱2026.23) |
| USD → MXN($1,000) | MX$16,766.79 | MX$17,150.65 | TapTap Send (+MX$383.86) |
| GBP → PKR(£500) | ₨181,027.73 | ₨188,747.47 | TapTap Send (+₨7719.74) |
| USD → NGN($200) | — | ₦269,998.22 | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between OFX and TapTap Send
OFX vs TapTap Send: Feature comparison
| Feature | OFX | TapTap Send |
|---|---|---|
| Overall rating | 4.2/5 (Good) | 4.7/5 (Excellent) |
| Fee structure | No transfer fees | $0 on most corridors; small fee on select corridors |
| Exchange rate markup | 0.5% - 1.5% above mid-market | ~0.7% above mid-market |
| Transfer speed | 1-3 business days | Under 3 minutes (95% of transfers) |
| Supported countries | 190+ | 80+ |
| Supported currencies | 55+ | 65+ |
| Max transfer | No limit | $10,000 |
| Payment methods | Bank Transfer | Debit Card, Bank Transfer, Google Pay, Apple Pay, UPI |
| Delivery methods | Bank Deposit | Bank Deposit, Mobile Money |
| Regulators | ASIC, FCA, FinCEN | FCA, FinCEN |
| Founded | 1998 | 2018 |
Pros and cons
OFX
Pros
- No transfer fees on any amount
- Competitive rates for large transfers
- 24/7 customer support
- Forward contracts available
- Business solutions
Cons
- Higher minimum transfer ($100+)
- Only bank transfer payments accepted
- Rates less competitive for small amounts
TapTap Send
Pros
- Zero or minimal fees on most corridors
- ~0.7% exchange rate markup — among the lowest available
- 95% of transfers delivered in under 3 minutes
- 80+ countries and 65+ currencies covered
- Highest Trustpilot rating in money transfer (4.7 from 32,000+ reviews)
- Accepts debit card, bank transfer, Google Pay, Apple Pay, UPI
Cons
- No cash pickup option
- Mobile app only — no full web transfer experience
- Multi-currency account limited to UK and EU users
When to choose OFX vs TapTap Send
Choose OFX if:
- You want the real mid-market exchange rate with no hidden markup
- You need to transfer large sums (OFX has no upper limit)
- You want to lock in an exchange rate with a forward contract
- You need a business account for commercial payments
- You need wider country coverage (190+ vs 80+ countries)
Choose TapTap Send if:
- You want the real mid-market exchange rate with no hidden markup
- You want to send to a mobile money wallet (M-Pesa, GCash, etc.)
- You need a multi-currency account to hold and convert balances
- You want zero transfer fees ($0 on most corridors; small fee on select corridors)
- Speed is your top priority — transfers can arrive in minutes
Verdict: OFX or TapTap Send?
Cost winner: TapTap Send
TapTap Send wins on cost in 5 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹4520.94 more with TapTap Send. TapTap Send achieves this through transparent pricing with the real mid-market exchange rate.
Faster: TapTap Send
TapTap Send is generally faster, with transfers arriving in Under 3 minutes (95% of transfers), compared to 1-3 business days for OFX.
Wider coverage: OFX
OFX has broader coverage with 190+ countries and 55+ currencies. OFX also offers Bank Deposit.
Bottom line
Overall, TapTap Send edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, OFX is the better pick if you need large transfers and business payments.
Frequently asked questions
Is OFX or TapTap Send cheaper for international transfers?
Based on our data, TapTap Send is generally cheaper across most corridors. TapTap Send charges $0 on most corridors; small fee on select corridors with a ~0.7% above mid-market exchange rate markup, while OFX charges No transfer fees with a 0.5% - 1.5% above mid-market markup. For example, on a $1,000 USD → INR transfer, TapTap Send delivers ₹4520.94 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, OFX or TapTap Send?
OFX typically completes transfers in 1-3 business days, while TapTap Send takes Under 3 minutes (95% of transfers). Actual speed depends on the corridor, payment method, and delivery option you choose. Bank transfers tend to be slower than card-funded transfers, and bank deposits are generally faster than cash pickups.
Are OFX and TapTap Send safe to use?
Yes, both are regulated money transfer services. OFX is regulated by ASIC, FCA, FinCEN and has a 4.2/5 Trustpilot rating. TapTap Send is regulated by FCA, FinCEN with a 4.7/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for OFX vs TapTap Send?
OFX has a maximum transfer of no published upper limit (minimum $100), while TapTap Send allows up to $10,000 (minimum $10). Limits may vary by corridor, account verification level, and payment method. New accounts typically start with lower limits that increase over time.
Can I get cash pickup with OFX or TapTap Send?
OFX offers Bank Deposit. TapTap Send offers Bank Deposit, Mobile Money. Neither provider offers cash pickup — both deliver to bank accounts only.
Should I use OFX or TapTap Send to send money internationally?
For most users, TapTap Send offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, OFX is the better choice if you need large transfers and business payments. The best provider for you depends on your corridor, transfer size, and whether you need features like Mobile Money.