Remitly vs Wise in Singapore: fees, rates and transfer speed

Pricing claim based on comparative data for select airports and passes. Live pricing is subject to exchange rate fluctuations.
📱Find out how to get lounge access

---

Wise and Remitly¹ offer some overlapping services for customers in Singapore, including flexible digital international money transfers. However, the exact features and fees available from each does vary a lot - which may mean one is a better fit for your unique needs.

This guide compares Remitly vs Wise to help you decide which service may be better for your next international transfer. Join us as we examine Remitly vs Wise transfer speed, rates and costs, and consider the pros and cons of Remitly vs Wise for large transfers.

What is Wise?

Wise launched in 2011 in the UK and now offers international money transfer, account and card services for both personal and business customers in many countries and regions globally. 

Wise uses the mid-market rate for currency conversion and lets you send payments to bank and mobile money accounts, receive incoming foreign and local currency transfers, and hold a balance. 

You can also get a Wise card for spending and withdrawals, making this a strong option for day to day use by travellers, expats and people using foreign currencies often.

What is Remitly?

Remitly also launched in 2011², and offers payment services to 170+ countries. Remitly offers payments which can be deposited to bank and mobile money accounts, and also collected as cash through a network of agents. 

This makes it a good choice for people sending money home to loved ones - even if the recipient can’t get to a bank or ATM easily. 

Remitly vs Wise: Main features

Choosing a provider for your next payment? Or looking for ways to manage your money conveniently across currencies? This Remitly vs Wise side by side comparison can help you figure out which may be a good fit based on the services you need:

*Details correct at time of research - 16th March 2026 *From 1st May 2026

Both Wise and Remitly offer quick and convenient international transfers from Singapore - which may mean that the best option for you just depends on transfer size, destination and urgency. 

If you’re looking specifically for a payment to be collected in cash, Remitly may work best - while customers who want the mid-market rate, or need broader services like a multi-currency account and card might prefer Wise.

Remitly vs Wise: Exchange rates

Wise uses the mid-market exchange rate. Remitly uses variable rates which may include a markup.

The exchange rate you get when sending a payment abroad is important as it can change how much you pay- or how much your recipient gets in the end. Some providers may apply a markup to exchange rates they quote instead of charging higher upfront fees. This is a fee which pushes up the total transfer cost, even if it’s hard to spot.

Both Remitly and Wise offer ways to get a no obligation quote for your transfer so you can simply compare the rates available from each provider before deciding which to use. Look for the provider which delivers the most to your recipient in the end, to find the best value option for your transfer.

Remitly vs Wise: Supported currencies and routes

With Wise you can send to 140+ countries in 40+ currencies, while Remitly Singapore lets you send to 170+ countries in a broad range of currencies.

Services can vary depending on the country or currency involved with both providers.

Remitly vs Wise: Transfer methods

Both providers offer a range of payment methods to fund your transfer.

With Wise you can pay for a transfer using a linked bank account, debit card, foreign credit card, PayNow or a balance you hold in your Wise account.

Remitly lets you pay by bank transfer or with a supported credit or debit card.

Both providers let the recipient of a payment receive their money by bank deposit or to a mobile money account in select countries. Remitly also offers cash collections which allow your recipient to get their money from an agent locally to them in their preferred currency.

Remitly vs Wise: Transfer fees

Remitly has variable transfer fees which can depend on the country and currency you’re sending, as well as factors like the delivery method. You can model your payment online or in the Remitly app to get an instant fee quote and compare your options.

In some cases payments have a fixed fee (3.99 SGD to the Philippines or 5.99 SGD to the US for example), or you may find fees vary based on the value of your payment or the delivery speed.

Wise also has variable transfer fees which you can model in the Wise app or online with no obligation. Wise fees depend on the country and currency you’re sending to, how you fund the transfer, and the value of your payment. Costs start at 0.26% and all fees are clearly shown before you confirm your transfer. 

Remitly vs Wise: Transfer speed

Both Remitly vs Wise offer fast transfers, but there are some variances in delivery times which can depend on factors outside of the providers’ control.

Remitly may offer two different delivery speeds for some destinations - Economy or Express. Economy payments can have lower costs but longer delivery times, while express is faster but can be more costly. Generally Express payments must be funded using a card.

Wise offers transfers which can be quick or instant - 74% of payments arrive in 20 seconds. You’ll see a delivery estimate when you set up your payment so you should know when your money is likely to be deposited.

Remitly vs Wise for large transfers

Remitly limits payments to 130,000 SGD per transfer from Singapore. 

Wise has varying limits depending on the currency you send to or from - from Singapore you can send up to 2 million SGD per transfer, for example.

Wise also offers large transfer discounts which are applied automatically when you send 30,000 SGD either in a single payment or over the course of a month. You can get dedicated support from the large transfer team to guide you every step of the way, making it simple to send even a large payment.

Pros and cons

If you’re still not sure, here are a few Remitly vs Wise pros and cons to help you finalise your decision:

Summary

Wise and Remitly both offer some unique services which might mean one suits you better. Remitly is the only one which offers cash collection payments for example, while Wise has multi-currency accounts, cards and ways to receive incoming payments, which Remitly does not.

If you need to send a digital payment to a bank or mobile money account from Singapore it's worth comparing both Wise vs Remitly. 

Both offer secure and efficient services and cover an excellent range of destinations. However, as their fee structure varies, you might find one is cheaper than the other for your specific payment. Bear in mind that you’ll need to compare both the fee and the exchange rate - or the amount the recipient gets in the end - to see which represents better value for your payment.

🚀 Get Started with Wise

---

Frequently asked questions (FAQ)

Is Wise cheaper than Remitly?

Both Wise vs Remitly offer variable fees and rates so you’ll need to compare both to see which is cheaper for your specific payment. 

Which is faster, Remitly or Wise?

Delivery times vary with both Remitly vs Wise. 74% of Wise payments are instant, and Remitly may offer an instant service on Express payments. Compare the options with each, based on your payment destination.

Can I use Wise for large transfers?

Yes. Wise is secure and well set up for large transfers, with limits of 2 million SGD per payment from Singapore.

Does Remitly offer cash pickup?

Remitly services vary depending on the country, but you can often collect your payment in cash through an agent in the destination country.

---

  Sources:

1. Remitly  
2. Remitly - about us