ForexFee

MoneyGram vs Wise

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

MoneyGram wins by INR 612

MoneyGram delivers INR 94,704, compared with Wise at INR 94,092. Verdicts can flip on different corridors and amounts — always check the live corridor page before transferring.

M
MoneyGram

Flat fee + rate markup

Winner today

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
Wise

Percentage + flat

Mid-market rate with a transparent percentage fee — no hidden FX margin.

Fee
USD 11.72
Rate
95.2078
Speed
Within hours
Recipient gets
INR 94,092
Founded 2011
London, UK

Pros

  • Uses the real mid-market exchange rate
  • Transparent fee breakdown shown before you confirm
  • Multi-currency account with local bank details in 9+ regions

Cons

  • No cash pickup — bank account required on the receiving end
  • Percentage fee can add up on very large transfers
  • Some less common corridors not supported
Try Wise

Side-by-side comparison

SpecMoneyGramWise
Fee modelFlat fee + rate markupPercentage + flat
HeadquartersDallas, TX, USALondon, UK
Founded19402011
StatusPrivate (acquired by Madison Dearborn Partners, 2023)Public (LSE: WISE)
Live USD→INR feeUSD 1.99USD 11.72
Live USD→INR rate94.892595.2078
Recipient gets (USD 1,000)INR 94,704INR 94,092
Typical speedMinutesWithin hours
Top corridorsUSD→MXN, USD→PHP, USD→INDUSD→INR, GBP→INR, EUR→INR

User reviews

MoneyGram

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Wise

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We don't host our own reviews — we link to Trustpilot so the rating isn't influenced by us.

Frequently asked questions

Other comparisons

Wise vs Remitly →Wise vs Xoom →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.