Which provider is cheapest most often?
No provider is cheapest everywhere. Across 123,794 provider-day observations on 214 corridors, TapTap Send is the most frequent winner on 66 of them — 31%, the largest share of any provider and nowhere near a majority. On 26% of corridors, the provider that is cheapest today is not the one that usually wins.
Provider Consistency Index — 2026-10-22
Ranked by the number of corridors where the provider is the most frequent winner. A win only counts on a day when at least two providers quoted, so winning unopposed earns nothing. “Loses by” is the average shortfall against the day’s winner — the cost of choosing that provider on a day it does not lead.
Showing the top 20 of 68 ranked providers. Download the full index as CSV.
Breadth and hit rate are different things
TapTap Send leads the most corridors, but only 42% of the 157 it quotes on. LemFi quotes on only 87 corridors but leads 47% of them, and InstaReM quotes on only 79 corridors but leads 47% of them. A table sorted by total wins names the broadest provider, not the one most likely to be cheapest on the corridor you are actually sending on — which is why this index publishes both columns.
What it costs to pick a provider that does not lead
Average shortfall against the day’s winner, among providers quoting on at least 40 corridors. A provider can lead rarely and still be a reasonable choice if it loses by very little; these are the ones where it costs real money.
On a $1,000 transfer, a 8.88% shortfall is about $89 less reaching the recipient than the day’s best provider would have delivered.
Methodology
What is measured.Every six hours we record what each provider would actually deliver to the recipient on each corridor we track. For each corridor and each day, the provider delivering the most is that day’s winner. This index counts winners over the trailing 91 days.
Contested days only. A day counts as evidence only when at least two providers quoted that corridor. Winning unopposed is not a win. That reduces 1,044 tracked currency pairs to 214 with a genuine contested record — the rest carry a single provider, where no comparison exists.
Thresholds. A provider is ranked once it has quoted on 30 or more contested days. Claims about the share of corridors a provider leads are made only for providers quoting on at least 40 corridors, because a provider leading three of its five corridors would otherwise top a table sorted on hit rate.
Ties and gaps.Only one provider wins a day; where a provider does not quote on a day, that day is not counted against it. Coverage is therefore reported separately (“of which”) rather than folded into the win rate, so a provider that appears rarely and wins often is visible instead of averaged away.
Limitations.Amounts are the corridor’s headline sample amount; a different amount can change the leader where fee structures differ. Quotes are the advertised rate at the moment of collection and exclude promotional first-transfer rates. Delivery speed is not measured and is not part of this index. Providers may be cheapest on corridors we do not yet track.
The full per-provider table, including the 48 providers below the displayed rows, is available as CSV. Figures on this page and the “usually cheapest” line on each corridor page are produced by the same calculation, so they cannot disagree. See also our site-wide methodology and the Remittance Cost Index, which ranks providers by cost rather than by how often they win. For when to send rather than who to send with, see SendScore. Every dataset we publish is indexed on the research hub.
Provenance
- Data as of
- How the figures are produced
- Computed at build time from the archive, then rolled up from the same per-corridor records each corridor page renders — so this index and those pages cannot disagree. Nothing here is recomputed by a second method.
Primary sources
- SendMoneyCompare quote archive — every provider’s live quotes, recorded every six hours
- How we review and rank providers
- Remittance Cost Index — the same providers ranked by cost
- The underlying table, as CSV — check any figure on this page against the row that produced it
Analysis by
Ahsan MukhtarFounder & CEO
Ahsan Mukhtar is the founder and CEO of SendMoneyCompare, where he owns the ranking methodology and fact-checks provider reviews.
Corrections and independence: figures move with the scrape, so cite the data date above rather than the date you read this. Where we have published something wrong and fixed it, it is logged in corrections. No provider can buy a ranking or a place in these datasets — see our editorial policy and methodology.