Payments > Best Payments App
WireCash is an impact-focused financial services company initially focused on family remittances. WireCash operates the only online marketplace for international remittances, consumers to compare service options and complete money transfers online.
Remittances from the US exceed $150B annually, with an overwhelming majority still taking place offline. WireCash works with 20+ money transfer providers to make their services available online for the first time ever.
As Expedia did for air travel, WireCash has done for remittances, providing unprecedented transparency, convenience and cost-savings for hard-working immigrants who typically do not have financial services built to cater to their needs. Consumers can complete money transfers in minutes comparing different providers based on fee, exchange rate, payout method, speed, and reviews to find the best option for them.
To accomplish this, WireCash has developed proprietary technology to be able to verify and authenticate the identities of its customers in real-time. This is significant in that it allows WireCash to offer services to people who would otherwise be rejected by other financial services providers. Additionally, with a confidence in the identity of its customers, WireCash can underwrite (notoriously risky) international money transfers in real-time, allowing for recipients to get each money transfer faster.
WireCash has continually grown rapidly over the past 18 months since launching marketing. They now send money to over 65 countries, and have surpassed 1 million/month in volume. WireCash is rapidly adding more money transfer companies to its marketplace and finalizing large-scale business development partnerships with companies in rideshare, healthcare, and construction.