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Sendwave
4.2Est. 2014
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
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)
Key Features
Mobile money delivery
Instant transfers
Rate alerts
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