/ Comparison / Remitly vs Airwallex

Remitly vs Airwallex

The main difference between Remitly and Airwallex is that Remitly specializes in personal remittances, allowing users to send money via cash pickups, mobile wallets, and bank transfers, whereas Airwallex is designed for businesses, offering multi-currency accounts, international business payments, and expense management solutions.

If you're deciding between these two services, factors such as fees, exchange rates, transfer speed, and supported countries will play a crucial role in your decision-making. This comparison will help you determine which provider is best suited for your needs.

How Do Airwallex and Remitly Compare?

Both Airwallex and Remitly are trusted money transfer platforms, but they differ in pricing, delivery speed, payout options, and global reach.

Feature	Remitly	Airwallex
Transfer Fees	Higher for Express; lower for Economy	No transfer fees for most transactions
Exchange Rate	Includes a markup	Mid-market rate with a small conversion fee
Delivery Time	Express: minutes; Economy: 3-5 business days	1-3 business days
Coverage	100+ countries	50+ countries
Transfer Methods	Bank transfers, cash pickup, mobile wallets	Bank transfers, business payments, virtual cards
Best Suited For	Individuals sending money home or to family members	Businesses managing cross-border transactions
Customer Support	24/7 multilingual support	Business support via chat and email

Which Service Has Lower Fees?

Remitly offers two pricing tiers: Express (higher fees for instant transfers) and Economy (lower fees for slower transfers).
Airwallex has no transfer fees but charges a small fee on currency conversion.

Which Service Offers Better Exchange Rates?

Remitly applies a small markup on exchange rates, making it slightly more expensive.
Airwallex provides mid-market rates with a small currency conversion fee.

Which Service Covers More Locations?

Remitly supports over 100 countries, focusing on personal remittances.
Airwallex operates in 50+ countries, mainly for business transactions and multi-currency management.

Which is Faster?

Remitly offers Express transfers within minutes, while Economy transfers take 3-5 business days.
Airwallex typically processes transfers within 1-3 business days, depending on the banking network.

Which Service Provides More Transfer & Payment Options?

Remitly allows users to send money via bank deposits, mobile wallets, and cash pickups.
Airwallex offers business-focused features like virtual cards, global accounts, and bulk payments.

Final Verdict

Category	Best Choice
Lowest Fees	Airwallex
Best Exchange Rates	Airwallex
Fastest Transfers	Remitly (Express option)
Most Transfer Options	Remitly
Best for Personal Transfers	Remitly
Best for Businesses	Airwallex

Final Thoughts

Choose Remitly if you're an individual looking for fast and reliable remittances with cash pickup and mobile wallet options.
Choose Airwallex if you're a business owner needing multi-currency accounts, virtual cards, and low-cost international transactions.

Money RateFinder