The Most Popular Money Transfer Apps 2022

Have you ever been looking for a money transfer app to send someone some money? Well, this article will help you know the best money transfer apps.
Most Popular Money Transfer Apps

Every day, millions of people all across the world must figure out how to pay for the necessities of life. Electronic payments have become the norm for paying for nearly anything in a fast, secure method just by picking up your smart phone, whether you're an independent freelancer filing an invoice, pals sharing the check, or a family wanting to share up household bills.

Sending and receiving money, whether to and from relatives or elsewhere, is simple and quick using one of the finest money transfer applications. All you'll need is a smartphone or mobile device, as well as your preferred transfer app.

Because banks were hesitant to adopt the internet, a number of third parties were able to develop systems to make money transfers between people simple and painless. International payments are still difficult to make without the help of a third-party money transfer provider, despite the fact that banks have made online money transfers easier, even through apps.

Whether you’re looking to send money back home as an expat, or transferring money for an international payment, money transfer apps can send money across the world for a modest price and often in minutes, making the once expensive and stressful process of foreign payments as pleasant as possible.

The money transfer app industry is always expanding, making it difficult to choose the ideal service for your needs. That's why, in this guide, we'll lead you to some of the top money transfer applications available in 2022.

Table of Contents

The Best Money Transfer Apps 2022

What are money transfer apps?

A money transfer app is a downloadable application that allows consumers to send money to friends and family, as well as businesses, all over the world. These apps are usually free and are designed for usage on smartphones. They are available for both iOS and Android.

Money transfer applications make sending money simple and convenient, and many of them provide access 24 hours a day, seven days a week, so you can make international transactions and track them from anywhere. Most of these money transfer applications have numerous layers of security to keep your money safe, and they're quickly becoming the preferred method for making quick and efficient transfers on the go.

Are Money Transfer Apps Safe?

Using a money app is also safer than sending a check because it does not reveal your bank account number or routing number to the recipient. By registering for a money transfer app, you are essentially allowing anyone to make you a digital payment without seeing any of your secure account information other than your user ID or email address/phone number. Digital payments, unlike currency, cannot be lost.

Because digital money apps allow you to send money to anyone who has an account, one caveat is that if you're not careful, it's easy to send money to the incorrect person. Additional security features, including as QR-code scanning, text or email verification, unique user IDs, and profile photographs, are available in some apps to verify that the appropriate person receives your money.

What should I consider when choosing a money transfer app?

Money transfer apps have been increasingly popular over the years, and there are a plethora of alternatives to pick from when looking for the best money transfer applications, depending on where you are in the world and what currencies you want to send. 

When it comes to money transfer apps or services, there is no one-size-fits-all option. You should choose money-transfer apps depending on your individual needs, such as what you'll be using the app for, where you'll be sending money, and how much you'll be sending. The following are some things to keep in mind:

Vast Transfers: It's critical that the app you choose is available in your country and covers a large geographic area, including the countries to which you want to send money.

Cost of transfer: Take into account the overall cost of transfer and choose the option with the lowest fees and best exchange rates.

Speed of transfer: Some businesses have sophisticated procedures and local bank accounts that allow for same-day or rapid transactions. It's critical to learn how quickly you may expect transfers, especially if having money arrive promptly is critical to you.

The Best and Most Popular Transfer Apps 2022

The Best money transfer apps are as follows;

The Best Overall - Paypal

Our choice for the best overall payment app is PayPal. It has a simple user interface, excellent security, and no fees for sending money to relatives and friends.

With a history dating back to 1998, PayPal is the granddaddy of payment firms. It rose to prominence as the chosen digital wallet and payment provider for eBay transactions, but it has since evolved into one of the most powerful companies in the online payments industry.

PayPal allows you to send money to and from any U.S. bank account as well as many international accounts. Transferring money to relatives or friends from a PayPal or bank account balance is free, however PayPal charges fees when sending money from a credit card or converting currencies.


  • It's easy (and free) to create an account.
  • When sending money to a family member, there are no costs.
  • Strong encryption technology keeps accounts secure.


  • To receive payments, business owners must pay a fee.
  • Your PayPal account might be frozen at any time.

The Best Free Transfers(Low Fees) - Cash App

Cash App is the finest in the low-fees category because it allows consumers to send money for free via a mobile app. Cash App stands out for its ease of use, simplicity (you either pay or get paid), and lack of fees.

Cash App also includes features not found in other money transfer apps, such as investing possibilities, "cash boosters," and the ability to buy and sell bitcoin.

Cash App is popular due to its low costs and versatility, which includes the ability to buy and sell bitcoin directly from your Cash App balance.

Cash App accepts Visa, MasterCard, American Express, and Discover debit and credit cards. Although the app supports the majority of government-issued prepaid cards, users cannot make deposits to these cards. At this time, Cash App does not support ATM cards, Paypal, or company debit cards.

Cash App uses cutting-edge security encryption and fraud detection software. The PCI Data Security Standard (PCI-DSS) Level 1 compliance is available in the Cash App.

Unfortunately, giving money to the wrong individual does not ensure a quick return; you can only request the money and hope for the best.


  • More than just payment methods are available.
  • Simple and quick
  • For money demands from friends and relatives, this is ideal.


  • If you give money to the wrong person, you'll have to rely on someone else to refund it.

The Best for Worldwide Transfers - WorldRemit

WorldRemit is an online money transfer business that has gained popularity due to its reasonable rates and great choices for moving money around using an iOS or Android app.

Because it offers a variety of alternative methods for transmitting money, the money transfer service is certainly adaptable. Debit, credit, and prepaid cards are available, as well as bank transfers, Poli, Interac, iDEAL, Klarna, Apple Pay, and Trustly. WorldRemit, on the other hand, no longer accepts Google Pay.

While its rates appear to be competitive, the price you pay is determined by the destination of your funds. The cost of a transfer varies based on the method used and the currency used.

However, with WorldRemit's capacity to send money from over 50 nations to over 150, there's plenty of room for transfers. WorldRemit has worked with M-Pesa, EcoCash, MTN, Metrobank, and other localised financing companies to make the transfer procedure easier.

Transfers can be received as bank deposits, and they can be received quickly, in some circumstances in under 10 minutes. Cash pickup, mobile money, or even an airtime top-up are all options for recipients. When the transfer is complete, WorldRemit sends you and the beneficiary an SMS. There's also the assurance of FCA approval and full operation licence.


  • Quick deposit options worldwide
  • Easy to use


  • Complex transfer fees
  • Limits on large transfers to certain destinations

Best for Bank to Bank Transfers - Zelle

Zelle is best for bank-to-bank transfers because to its ease of use and widespread availability at most banks and credit unions. Users can register with merely an email address or a phone number by going to a bank's website or directly to the mobile app.

No other program makes it so simple to transfer money from one bank to another. Through the easy-to-use app, Zelle users can send money to other Zelle members. With an email address or a phone number, users can give or request money. To send or receive money, recipients must have a Zelle account. To accept money, Zelle sends a text or email with a link.

The app is available for free on the App Store and Google Play. Fill in the amount you'd like to send. The funds are transferred immediately to the recipient's bank account, usually within minutes.

For added protection, the Zelle app uses your bank or credit union's mobile app or uses authentication and monitoring functions.

You can only send $500 if your bank or credit union does not yet offer Zelle. You cannot request that your transmit limit be increased or decreased.


  • Many banks make use of it.
  • If your bank does not provide it, you can still utilize it.
  • Zelle is a money transfer service that allows you to shift money quickly.
  • Money is insured by the federal government.


  • Only works with domestic financial institutions.

Best for Friends - Venmo

Venmo takes the hassle out of splitting contributions, whether you're dining out as a group or arranging a trip with friends.

Venmo is owned by PayPal, although it is a completely different app than PayPal. Venmo is a social app that primarily allows users to send money to their pals. You can login in and access your account on a regular computer, but you can only send money using the app or mobile browsers.

Venmo has a user base of around 85 million people. That's a lot of split restaurant bills. Venmo can be used to pay for purchases at a variety of businesses. Sending money with your associated debit card or bank account is completely free.


  • It's a simple method to split the bill with family and friends.
  • Option for instant transfers


  • When transferring money with a credit card, there is a 3% fee.
  • The default setting for privacy is public view.

Best for Little Transfers - Facebook Pay

The award went to Facebook Pay for its convenience of transferring small amounts of money using a familiar platform. Through Meta Messenger, WhatsApp, Portal, and Instagram, you can use Facebook Pay to make secure and seamless payments in specific countries.

Although Facebook Pay has no transaction restrictions, Messenger has, ranging from $3,000 to $10,000 depending on the method of payment utilized. Payments can be made using a Visa, AMEX, Discover, MasterCard, or JCB credit card or a Visa, AMEX, Discover, or MasterCard debit card.

Accounts with PayPal are also accepted. Citizens of the United States who are 18 years old or older may send money to trustworthy friends and family.


  • For communication, the chat tool is excellent.
  • Requesting and transferring money is simple.


  • You can add numerous people to a money request.
  • It's possible that it won't be available in all payment methods.
  • Purchase protection isn't always accessible.

Facebook Pay is best in this area because it allows you to send money or give to causes you care about in just a few steps:

  1. Send a message to the receiver.
  2. After that, tap the money symbol and type in the amount you want to transfer.
  3. After that, recipients can tap "pay." If the recipient does not have a Facebook account, Facebook Pay will guide them through the transaction with precise instructions.

The Best for Google users - Google Pay

If you're a frequent user of Google's services, you might want to add Google Pay to your arsenal. This handy and adaptable app makes sending and receiving money a breeze.

Google has a tool for practically everything that can be done online, including sending money. Google Pay is distinct in that it integrates with other Google services, such as Gmail.

You can send and receive money to friends and family with Google Pay by using their name, email, phone number, or QR code. You're virtually signed up for Google Pay if you have a Google account.

It's well-designed and simple to use, as are most Google products. It can be used with the specific Google Pay app or with other Google services. Except for sending money to a debit card, there are currently no costs associated with using Google Pay.


  • There are no charges for sending money to friends and family.
  • Easy to use from a laptop or smartphone because it integrates with Google apps like Gmail.


  • It may take up to five days for funds to be transferred to your account.
  • Transfer fees for debit cards (1.5 percent or $0.31, whichever is higher)

Some Frequently Asked questions on the best payment apps in the world 2022

How do Money Transfer Apps Work?

Money transfer apps make it simple to send and receive money. Some programs keep track of your money while others move it from one bank to another. Some money transfer apps are specifically designed to meet the demands of individual customers.

How Long Does It Take to Send Money Through a Money Transfer App?

It takes a different amount of time depending on the situation. Some transfers happen right away, while others take a few days. Keep your requirements and timescale in mind when selecting the best mobile money app.

What Does It Cost to Develop a Payment App?

Some payment applications are entirely free, while others offer free features such as receiving money or transferring money to friends and family. Some payment apps may charge fees for receiving money faster than usual, currency exchange and processing fees, and credit card processing costs. These costs vary depending on the transaction's kind, quantity, and location.

When utilizing some payment apps, you may be charged credit card processing fees ranging from 2.5 percent to 3%. If you're a small business, you can either include these costs in the price of your goods and services or charge a separate fee for consumers who pay by credit card.

Final Thing to say about Popular or Best Payment Transfer Apps right now

The ideal money transfer app for you will be determined by your aims and preferences. For example, if you want your app to have other features (like bitcoin investing), look for Cash App, which has them.

However, you can't go wrong with PayPal for a comprehensive overall money transfer software, as it offers a variety of payment choices as well as a proven track record. PayPal also takes the lead thanks to its security features, payment protection, and business-friendly solutions.

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