Abound vs Tap Tap Send

Live fee, exchange rate and recipient amount comparison for USDINR. Pros, cons and licensing in one view.

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USA→India remittance combined with a cashback/rewards ecosystem. Backed by The Times of India Group.

Live data unavailable.

Founded 2023
USA (Times Internet spin-out)

Pros

  • Zero transfer fee on USD→INR
  • Rewards/cashback model can offset transfer costs over time
  • Backed by The Times of India Group — strong India brand recognition

Cons

  • USA → India only — no other corridors
  • Trustpilot rating is low (~2.0) with reports of slow transfers and customer support issues
  • Newer company, less established than incumbents
Try Abound

Zero-fee remittance to Africa, India, Pakistan, the Philippines and Latin America. Founded 2018 by Michael Faye and Fatimatou Ousmanou.

Live data unavailable.

Founded 2018
London, UK

Pros

  • Zero transfer fee on India, Nigeria, Mexico, Brazil and most major corridors
  • Send from UK, US, Canada, Australia, UAE, EU to 70+ destinations
  • Bank-grade regulation (FCA, FinCEN, FINTRAC) despite low cost

Cons

  • FX margin still applies even when fee is zero — compare recipient amount, not fee
  • Send limits are modest for new accounts
  • Customer support is chat-only
Try Tap Tap Send

Side-by-side comparison

SpecAboundTap Tap Send
Fee modelZero fee, FX margin + rewards-based revenueZero fee on key corridors, FX margin only
HeadquartersUSA (Times Internet spin-out)London, UK
Founded20232018
StatusPrivate (~$24M raised, Times Internet + Y Combinator)Private (FCA-authorised, billions in volume)
Live USD→INR fee
Live USD→INR rate
Recipient gets (USD 1,000)
Typical speed
Top corridorsUSD→INRUSD→NGN, GBP→NGN, USD→INR

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