InstaReM vs WorldRemit - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like InstaReM and WorldRemit have emerged as leading choices. Both InstaReM and WorldRemit online platforms offer efficient and cost-effective and secure international money transfers from InstaReM and WorldRemit.

We compare InstaReM vs WorldRemit into the unique features and benefits that distinguish InstaReM vs WorldRemit, empowering you to make an informed decision based on your specific transfer needs like InstaReM vs WorldRemit fees, currencies available, available payment methods on InstaReM compared to WorldRemit, support options offered by InstaReM vs WorldRemit, speed and more.

InstaReM vs WorldRemit: Quick Feature Comparison

  1. Visit InstaReM alternative InstaReM Visit InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  2. Visit InstaReM alternative WorldRemit Visit WorldRemit

    Used By: 5000000
    Currencies Available: 77
    Transfer Fees: 0.99$-3.99$
    Payment Methods: Bank Transfer, Debit Card & Credit Card.
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1 USD
    Max Transfer: 9000 USD
    Year Founded: 2010

InstaReM vs WorldRemit: Pros and Cons

InstaReM vs WorldRemit
Advantages

InstaReM Advantages WorldRemit Advantages
  • InstaReM is well rated among clients.
  • InstaReM is available internationally.
  • InstaReM has multiple currency options.
  • InstaReM provides phone customer support.
  • InstaReM provides email customer support.
  • InstaReM is available to iOS Apple device users.
  • InstaReM is available to Android mobile device users.
  • WorldRemit has been in operation for over 14 years.
  • WorldRemit boasts a high rating for sending money.
  • WorldRemit operates in numerous international countries.
  • WorldRemit offers an extensive range of currency options for money transfers.
  • WorldRemit offers home delivery services for money transfers.
  • WorldRemit allows cash pickups for money transfers.
  • WorldRemit provides phone support.
  • WorldRemit offers registered customers email support.
  • WorldRemit has a Apple iOS app on Apple app store.
  • WorldRemit offers a Android Google Play Store mobile app.

InstaReM vs WorldRemit
Disadvantages

InstaReM Disadvantages WorldRemit Disadvantages
  • InstaReM has no PayPal support.
  • InstaReM has no Neteller payments support.
  • InstaReM has no Skrill payment support.
  • InstaReM does have a mobile digital wallet like some others.
  • No home delivery with InstaReM.
  • No cash pickups with InstaReM.
  • No money order support with InstaReM.
  • No live chat support with InstaReM.
  • WorldRemit has no PayPal option.
  • WorldRemit has no Neteller option.
  • WorldRemit has no Skrill option.
  • No digital wallets with WorldRemit.
  • No WorldRemit money order option.
  • No WorldRemit Livechat.

InstaReM vs WorldRemit Fees and Other Costs

Fee type InstaReM Fees WorldRemit Fees
Transfer Fees 0%-1% 0.99$-3.99$
Min Transfer $1 (minimum sending amounts could differ based on certain currency pairs) 1 USD
Max Transfer No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country) 9000 USD
Payment Methods bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents) Bank Transfer, Debit Card & Credit Card.
Currencies AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD ALL, ARS, AMD, EUR, USD, AUD, BDT, XOF, BOB, BWP, BRL, BGN, BIF, KHR, XAF, CAD, CVE, CLP, CNY, COP, CRC, HRK, CZK, DKK, XCD, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, HNL, HKD, HUF, INR, IDR, JMD, KES, LAK, MGA, MWK, MYR, MXN, MAD, MZN, NAD, NPR, NZD, NGN, NOK, PKR, PYG, PEN, PHP, PLN, RON, RWF, WST, SLL, SGD, GBP, ZAR, LKR, SRD, SEK, TZS, THB, TOP, TND, TRY, UGX, AED, UYU, VND, ZMW

InstaReM vs WorldRemit Restricted Countries

InstaReM Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

WorldRemit Country Restrictions

InstaReM vs WorldRemit Transfer Speeds

Transfer Speed InstaReM WorldRemit
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

InstaReM vs WorldRemit Languages

InstaReM Supported Languages

English

WorldRemit Supported Languages

English, Spanish, French, Dutch, Danish and German

InstaReM vs WorldRemit Verdict - Which is better?

Which is best out of InstaReM and WorldRemit depends on your needs.

  • InstaReM vs WorldRemit Transfer Fees: Transferring money with InstaReM costs 0%-1% while WorldRemit charges 0.99$-3.99$.
  • InstaReM vs WorldRemit Supported Currencies: InstaReM deals in over 1, where as WorldRemit offers transactions in 1.
  • InstaReM vs WorldRemit Payment Methods: InstaReM accepts bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents), while WorldRemit allows transactions via Bank Transfer, Debit Card & Credit Card..
  • InstaReM vs WorldRemit Transfer Limits: InstaReM allows transfers between $1 (minimum sending amounts could differ based on certain currency pairs) and No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country). WorldRemit's range is 1 USD to 9000 USD.
  • InstaReM vs WorldRemit Minimum Age for Account Creation: InstaReM requires users to be at least 18 years old, where as WorldRemit has a minimum age requirement of 18.
  • Contact Number: You can reach InstaReM at 07 3053 8888 and WorldRemit at 442039666899.
  • InstaReM vs WorldRemit Countries of Operation: InstaReM operates in over 1 countries but has restrictions in over 1 countries. WorldRemit serves 1 countries and restricts operations in 1 countries.
  • InstaReM vs WorldRemit Client Base: InstaReM is used by 130,000,000, where as WorldRemit serves 5,000,000.
  • InstaReM vs WorldRemit Year Founded: InstaReM was established in 2014 and WorldRemit began its operations in 2010.
  • InstaReM vs WorldRemit Customer Rating: InstaReM holds a rating of 4, in contrast, WorldRemit has a rating of 3.
  • InstaReM vs WorldRemit Headquarters: InstaReM has its headquarters at Singapore, while WorldRemit is based at London (GB).
  • InstaReM vs WorldRemit Employee Count: InstaReM employs 200 individuals, where as WorldRemit has a team of 800.
  • InstaReM vs WorldRemit Estimated Annual Turnover: InstaReM turnover stands at 10100000, while WorldRemit boasts a turnover of 280000000.
  • InstaReM vs WorldRemit Founder: InstaReM was founded by Sreya Dasgupta, holding the position of Product Owner. On the other hand, WorldRemit was the brainchild of Ismail Ahmed, currently holding the position of Founder & Chairman.
  • InstaReM vs WorldRemit Supported Languages: InstaReM offers support in over 1 languages. WorldRemit communicates in 1.

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Screenshots

InstaReM Screenshot

InstaReM Screenshot

WorldRemit Screenshot

InstaReM Screenshot