ForexFee

MoneyGram vs Western Union

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

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

Flat fee + rate markup

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

Fee
USD 1.99
Rate
94.8925
Speed
Minutes
Recipient gets
INR 94,704
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
W
Western Union

Flat fee + rate markup

The largest cash pickup network in the world — 500,000+ agent locations.

Live data unavailable.

Founded 1851
Denver, CO, USA

Pros

  • Unmatched cash pickup network — 200+ countries
  • Send from a physical agent if you don't have a bank account
  • Strong brand recognition and consumer trust

Cons

  • Among the wider exchange rate margins
  • In-person cash transfers carry higher fees
  • Online experience less polished than digital-first competitors
Try Western Union

Side-by-side comparison

SpecMoneyGramWestern Union
Fee modelFlat fee + rate markupFlat fee + rate markup
HeadquartersDallas, TX, USADenver, CO, USA
Founded19401851
StatusPrivate (acquired by Madison Dearborn Partners, 2023)Public (NYSE: WU)
Live USD→INR feeUSD 1.99—
Live USD→INR rate94.8925—
Recipient gets (USD 1,000)INR 94,704—
Typical speedMinutes—
Top corridorsUSD→MXN, USD→PHP, USD→INDUSD→MXN, USD→PHP, USD→IND

User reviews

MoneyGram

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Western Union

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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.