Is MoneyGram or Remitly cheaper?

Cost varies by corridor and amount. Compare both on the corridor page above for live rates, fees, and recipient amounts.

What's the main difference between MoneyGram and Remitly?

MoneyGram (Flat fee + rate markup): Global cash pickup network with 470,000+ agent locations — taken private by Madison Dearborn in 2023. Remitly (Tiered fee + rate markup): Cash pickup, mobile wallet, and bank deposit options with a price guarantee.

Which is faster, MoneyGram or Remitly?

Both providers offer same-day or faster options for popular corridors. Cash-pickup networks (MoneyGram, Western Union, Xoom) usually clear in minutes; bank transfers can take 1–3 business days.

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?

Rate competitiveness varies. MoneyGram markets flat fee + rate markup, while Remitly uses tiered fee + rate markup. The recipient amount is the only fair comparison — see the corridor page for live numbers.

MoneyGram vs Remitly

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

Reviewed by Aayush Jain·Updated Aug 2026·Rates verified 04:11 UTC

Live data temporarily unavailable for this comparison. See the corridor page for full live numbers.

Flat fee + rate markup

Global cash pickup network with 470,000+ agent locations — taken private by Madison Dearborn in 2023.

Live data unavailable.

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

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

Fee: Free
Rate: 95.4114
Speed: Minutes
Recipient gets: INR 95,411

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	—	Free
Live USD→INR rate	—	95.4114
Recipient gets (USD 1,000)	—	INR 95,411
Typical speed	—	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

Other comparisons

Wise vs Remitly →Wise vs Revolut →Wise vs Xoom →Wise vs MoneyGram →Wise vs Western Union →Remitly vs Xoom →Western Union vs MoneyGram →

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.