Is MoneyGram or Remitly cheaper?

Today on a USD 1,000 transfer to INR, Remitly delivers 280 INR more than MoneyGram. The winner can flip on different corridors and amounts — always check the live comparison on the corridor page before transferring.

What's the main difference between MoneyGram and Remitly?

MoneyGram (Flat fee + rate markup): Global cash pickup network and digital app — recently acquired by Madison Dearborn. Remitly (Tiered fee + rate markup): Cash pickup, mobile wallet, and bank deposit options with a price guarantee.

Which is faster, MoneyGram or Remitly?

For this corridor today, MoneyGram reports minutes and Remitly reports minutes. Speed depends on payment method and the recipient's bank — debit-card-funded transfers typically clear faster than ACH.

Which is safer, MoneyGram or Remitly?

Both are licensed money services businesses. MoneyGram is regulated in USA, UK, EU. Remitly is regulated in USA, UK, EU. As long as you transfer through their official site or app, both are safe to use.

Does MoneyGram or Remitly offer better exchange rates?

Right now, MoneyGram's rate is 94.8313 INR per USD and Remitly's rate is 94.9230. Rates change throughout the day — the best move is to compare the *recipient amount* (rate plus any margin minus fees), which is what the table above shows.

MoneyGram vs Remitly

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

Today's verdict for USD 1,000 → INR

Remitly wins by INR 280

Remitly delivers INR 94,923, compared with MoneyGram at INR 94,643. Verdicts can flip on different corridors and amounts — always check the live corridor page before transferring.

Flat fee + rate markup

Global cash pickup network and digital app — recently acquired by Madison Dearborn.

Fee: USD 1.99
Rate: 94.8313
Speed: Minutes
Recipient gets: INR 94,643

Founded 1940

Dallas, TX, USA

Pros

Cash pickup at 350,000+ locations in 200 countries
Mobile app makes online transfers competitive
First-transfer promotional fees and discounts

Cons

Exchange rate margin is wider than digital-first MTOs
Cash-to-cash fees are notably higher
Limits and KYC checks can delay first transfer

Try MoneyGram

Tiered fee + rate markup

Winner today

Cash pickup, mobile wallet, and bank deposit options with a price guarantee.

Fee: Free
Rate: 94.9230
Speed: Minutes
Recipient gets: INR 94,923

Founded 2011

Seattle, WA, USA

Pros

Cash pickup at thousands of locations across India, the Philippines and LatAm
Price-lock guarantee — quoted rate honoured even if it moves
Strong mobile app, easy first-time setup

Cons

Exchange rate includes a markup
Express tier costs significantly more than Economy
Customer support response times can vary

Try Remitly

Side-by-side comparison

Spec	MoneyGram	Remitly
Fee model	Flat fee + rate markup	Tiered fee + rate markup
Headquarters	Dallas, TX, USA	Seattle, WA, USA
Founded	1940	2011
Status	Private (acquired by Madison Dearborn Partners, 2023)	Public (NASDAQ: RELY)
Live USD→INR fee	USD 1.99	Free
Live USD→INR rate	94.8313	94.9230
Recipient gets (USD 1,000)	INR 94,643	INR 94,923
Typical speed	Minutes	Minutes
Top corridors	USD→MXN, USD→PHP, USD→IND	USD→INR, USD→PHP, USD→MXN

User reviews

MoneyGram

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Remitly

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Frequently asked questions

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Live quotes from Wise's public comparison API, updated every 5 minutes. Provider profiles are based on public information; for pricing, KYC requirements and current promotions always check the provider's official site. Methodology.