TapTap Send vs XE: Fees, Rates & Speed Compared
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.
XE
4.4XE is a trusted name in currency exchange, offering international money transfers with competitive rates and no transfer fees for most corridors.
TapTap Send and XE are both popular choices for international money transfers, but they take different approaches. TapTap Send, founded in 2018 and headquartered in London, UK, is best known for remittances and mobile money. XE, operating since 1993 from Newmarket, Canada, focuses on large transfers and business payments. 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 ₨13979.55 more to the recipient.
In this comparison
Live comparison: TapTap Send vs XE across popular corridors
The table below shows how much the recipient receives when sending through TapTap Send vs XE on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | TapTap Send | XE | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹96,814.05 | ₹96,516.01 | TapTap Send (+₹298.04) |
| GBP → EUR(£1,000) | €1,151.06 | €1,148.28 | TapTap Send (+€2.78) |
| USD → PHP($500) | ₱30,648.88 | ₱28,767.97 | TapTap Send (+₱1880.91) |
| USD → MXN($1,000) | MX$17,150.65 | MX$17,209.54 | XE (+MX$58.89) |
| GBP → PKR(£500) | ₨188,747.47 | ₨174,767.92 | TapTap Send (+₨13979.55) |
| 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 TapTap Send and XE
TapTap Send vs XE: Feature comparison
| Feature | TapTap Send | XE |
|---|---|---|
| Overall rating | 4.7/5 (Excellent) | 4.4/5 (Excellent) |
| Fee structure | $0 on most corridors; small fee on select corridors | No transfer fees |
| Exchange rate markup | ~0.7% above mid-market | 0.5% - 1.5% above mid-market |
| Transfer speed | Under 3 minutes (95% of transfers) | 1-4 business days |
| Supported countries | 80+ | 130+ |
| Supported currencies | 65+ | 130+ |
| Max transfer | $10,000 | $500,000 |
| Payment methods | Debit Card, Bank Transfer, Google Pay, Apple Pay, UPI | Bank Transfer, Debit Card, Credit Card |
| Delivery methods | Bank Deposit, Mobile Money | Bank Deposit |
| Regulators | FCA, FinCEN | FCA, FinCEN, ASIC, FINTRAC |
| Founded | 2018 | 1993 |
Pros and cons
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
XE
Pros
- Well-known and trusted brand
- No transfer fees for most transfers
- Supports 130+ currencies
- Rate alerts available
- Excellent currency data and tools
Cons
- Exchange rates include a markup
- No cash pickup option
- Transfer speed can be slow
When to choose TapTap Send vs XE
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
Choose XE if:
- You want the real mid-market exchange rate with no hidden markup
- You're sending large amounts (XE supports up to $500,000)
- 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 (130+ vs 80+ countries)
Verdict: TapTap Send or XE?
Cost winner: TapTap Send
TapTap Send wins on cost in 4 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹298.04 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 1-4 business days for XE.
Wider coverage: XE
XE has broader coverage with 130+ countries and 130+ currencies. XE 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, XE is the better pick if you need large transfers and business payments.
Frequently asked questions
Is TapTap Send or XE 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 XE 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 ₹298.04 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, TapTap Send or XE?
TapTap Send typically completes transfers in Under 3 minutes (95% of transfers), while XE takes 1-4 business days. 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 TapTap Send and XE safe to use?
Yes, both are regulated money transfer services. TapTap Send is regulated by FCA, FinCEN and has a 4.7/5 Trustpilot rating. XE is regulated by FCA, FinCEN, ASIC, FINTRAC with a 4.4/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for TapTap Send vs XE?
TapTap Send has a maximum transfer of $10,000 (minimum $10), while XE allows up to $500,000 (minimum $1). 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 TapTap Send or XE?
TapTap Send offers Bank Deposit, Mobile Money. XE offers Bank Deposit. Neither provider offers cash pickup — both deliver to bank accounts only.
Should I use TapTap Send or XE 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, XE 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.