Have you or your organization tried using Remitly to send money to field workers in overseas locations? Remitly is an online money transfer service that allows you to send money internationally across over 100 currencies with no hidden fees. You can choose from various delivery options, including bank account transfers, mobile wallets, cash pickups, and home delivery, depending on your recipient’s location.
An organization recently shared with us that when they used Remitly, the transfer occurred instantly. The field workers received the funds in local currency without having to go to the bank. There was no wire fee, but a small percentage was charged as a convenience fee. This convenience fee might be considered minimal compared to the hassle of taking a bus downtown to a bank, retrieving the wire, paying the wire fee, and transferring to local currency (often by private exchange houses or by black market exchange specialists in a risky part of town).
What has been your experience? Does your organization allow its use? If the auditors don’t mind, it seems like a real time saver.
https://www.remitly.com/us/en. Please comment.
I used Remitly for the first time in 2024 to send $1800 to S Asia. In regard to sending, the process was very user-friendly. The recipient also had no problems receiving the money.
We’ve used Remitly, SendWave, and Western Union’s instant payment to send money to Kenya. Each one works depending on what kind of account the recipient has. If they have MPesa, just about any method of sending money works. When we have used one of these and it didn’t go through, they have refunded us the money immediately.