What Is the Best App to Send Money Internationally?
The decision of the best international money transfer app is based on several factors, like cost and speed of transfer, convenience, and security.
There are a number of apps that facilitate international money transfers from the UAE. Wise and Western Union have popular apps that offer competitive exchange rates. While Wise allows only bank transfers, Western Union’s app can be used for both bank transfers and cash pick-up through its vast agent network worldwide. Both apps allow the use of debit and credit cards for making payments.
International money transfers through apps can take 1-2 business days, depending on the country you are sending funds to. For instance, if you send money through a bank transfer from the UAE to India, it can take up to 1 business day. For sending money to Japan, it takes up to 2 business days. Western Union enjoys the highest popularity and credibility for money transfers worldwide and offers the My WU reward program.
MoneyGram has partnered with telecom giant Etisalat and Dubai Islamic Bank to provide app-based international money transfer services in the UAE. MoneyGram allows you to open an eWallet and make digital payments without the need for a bank account or debit or credit card, provided you have a valid Emirates ID and a UAE mobile number. However, this works best if the recipient also has a MoneyGram eWallet.
Skrill’s mobile app facilitates international money transfers with debit and credit cards, bank transfers, and other payment processors like Neteller, Paysafe, Klarna, and Trustly.
Some exchange houses also have international money transfer apps, like the Lulu Money app and Al Ansari Exchange app.
When choosing the best app to send money internationally, compare exchange rates and fees, as these may vary by channel, location, brand, and amount of transfer.