ForexFee

MoneyGram vs Remitly

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

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M
MoneyGram

Flat fee + rate markup

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

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
R
Remitly

Tiered fee + rate markup

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

Live data unavailable.

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

SpecMoneyGramRemitly
Fee modelFlat fee + rate markupTiered fee + rate markup
HeadquartersDallas, TX, USASeattle, WA, USA
Founded19402011
StatusPrivate (acquired by Madison Dearborn Partners, 2023)Public (NASDAQ: RELY)
Live USD→INR fee——
Live USD→INR rate——
Recipient gets (USD 1,000)——
Typical speed——
Top corridorsUSD→MXN, USD→PHP, USD→INDUSD→INR, USD→PHP, USD→MXN

User reviews

MoneyGram

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Remitly

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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.