Sendwave: The Game-Changing Solution for International Money Transfers

Are you tired of paying high fees and waiting for days to send money to your loved ones abroad? Enter Sendwave, the game-changing solution for international money transfers. Discover how Sendwave is revolutionizing the remittance industry with its user-friendly app, instant transfers, and zero fees, making it easier than ever for migrants to support their families back home.

Key Takeaways

  • Sendwave is revolutionizing the remittance industry with its user-friendly app that provides secure, cost-free, and instant money transfers to countries worldwide.

  • Sendwave Pay offers insured bank accounts for US migrants with discounts on remittances and access to various beneficial features.

  • Through innovation and customization, Sendwave seeks to expand banking services across Africa & Asia for migrant communities while revolutionizing the global remittance industry in the future.

Sendwave: Revolutionizing Money Transfers

money, transfer, ecommerce

In a world where sending money abroad is an essential service for millions of families, traditional remittance methods often fall short, burdened by exorbitant fees and lengthy processing times. Sendwave aims to revolutionize the remittance industry with its user-friendly app sends transfers securely, offering the following benefits:

  • Instant money transfers

  • Cost-free transactions

  • Available for users in North America and Europe

  • Transfers to countries in Africa and Asia


  • Founded in 2014 by Drew Durbin and Lincoln Quirk

  • Goal: to make sending money easy, affordable, and secure

  • Acquired by WorldRemit in 2020 for $500 million

  • Expanded global reach and bolstered position in the remittance industry

The Birth of Sendwave

Motivated by their shared passion for creating simple products with a social impact, friends Drew Durbin and Lincoln Quirk established Sendwave in Boston, Massachusetts. Despite initially facing allegations of false promises and security concerns, Sendwave persevered and has become a trusted solution for migrants seeking to support their loved ones abroad.

Sendwave’s Acquisition by WorldRemit

WorldRemit strategically acquired Sendwave for $500 million in 2020 to extend its influence into African markets and bolster its remittance industry prominence. The acquisition allowed WorldRemit to capitalize on Sendwave’s expertise in remittances and its app-based platform for international money transfers while increasing its processed global payments to approximately $10 billion.

Sendwave continues to operate independently, maintaining its mobile applications, brand, management, employees, and key partners.

The Sendwave Advantage

Sendwave distinguishes itself from competing money transfer services with its intuitive and user-friendly interface. Its app displays real-time exchange rates, allowing customers to clearly view the cost of their transactions. While Sendwave’s exchange rates are slightly less advantageous than the mid-market rate, it compensates by charging no transfer fees. This combination of convenience and cost-effectiveness has made Sendwave a popular choice among customers.

Sendwave places a high priority on security. The company implements measures such as 128-bit encryption and account verification to ensure the security of transactions. Additionally, Sendwave complies with GDPR and undergoes frequent audits by regulators to guarantee data security.

How Sendwave Works

Getting started with Sendwave is as simple as downloading the app, linking a debit card, and verifying one’s identity. Once that’s done, they can transfer money to contacts in supported countries, including the USA, UK, Canada, France, Italy, Spain, and Ireland. Sendwave prioritizes data security and account protection, using 128-bit encryption to secure debit card information and protect personal data.

Two-factor authentication and compliance with GDPR regulations further enhance the security of the platform.

Customer Testimonials

Customers commend Sendwave for its:

  • Swift transactions

  • User convenience

  • Absence of fees

  • Favorable exchange rates

The platform enjoys a high average customer rating on trusted review platforms, such as Trustpilot. Users appreciate the transparency of Sendwave’s fee structure and exchange rate information, as well as the additional benefits offered by Sendwave Pay for U.S.-based migrant workers.

Sendwave Pay: Insured Bank Accounts for Migrants

Sendwave Pay is a unique offering for U.S.-based migrant workers, providing insured bank accounts that offer discounted remittances and additional benefits. Sendwave Pay aims to enable migrants to maximize their money’s reach and achieve financial empowerment via interest plans and beneficial features.

Users can qualify and register for Sendwave Pay via the Sendwave app, making it accessible and convenient. Furthermore, customers receive discounts on remittances in addition to other benefits, making it an attractive option for those looking to support their loved ones back home.

Eligibility and Enrollment

Eligibility for Sendwave Pay requires users to live in the U.S. and have executed at least one transaction via the Sendwave app. To enroll, users simply download the app, create an account, and follow the enrollment process as outlined in the app.

Sendwave Pay is available to both U.S. residents and non-U.S. residents, making it accessible to a wide range of users.

Potential Fees and Limitations

Despite the numerous benefits of Sendwave Pay, users should be aware of possible fees related to ATM usage, chargebacks, or overdrafts. Exact fees for ATM usage are not specified on their website, but users should be aware of potential charges when using Sendwave Pay.

Although Sendwave Pay does not impose any overdraft fees, it is important to understand the potential limitations and fees associated with the service.

Learn more, visit Sendwave review: Fees, rates, safety & more.

Remittances: A Lifeline for Millions

Remittances are vital for millions of people worldwide, providing essential financial support to families in foreign countries. A substantial part of global remittances goes to developing countries, contributing significantly to economic growth and the fight against poverty. However, many migrants face barriers to accessing traditional banking services, which can hinder their ability to send money to their loved ones.

Sendwave addresses these challenges by providing a secure, cost-effective, and expeditious approach to international money transfers. Additionally, it furnishes insured bank accounts for migrants, thus enabling them to access banking services without requiring a physical bank branch.

Barriers to Traditional Banking Services

Accessing traditional banking services like opening bank accounts, obtaining credit cards, and finding financing options often poses multiple challenges for migrants. These difficulties can impede their ability to support their families back home and limit their economic opportunities. Moreover, refugees and asylum seekers may confront even greater barriers to financial inclusion, further restricting their prospects in accessing essential services.

Sendwave addresses these challenges by providing a secure and user-friendly platform for international money transfers, circumventing the need for traditional banking services.

How Sendwave Addresses These Challenges

Sendwave’s services, such as insured bank accounts and affordable remittance options, help migrants support their loved ones back home by enabling them to access banking services and manage their finances more easily. Users can benefit from Sendwave’s competitive exchange rates and fee-free transfers, ensuring that more money reaches their families abroad.

With over one million users worldwide, Sendwave has demonstrated its commitment to empowering migrants and improving their financial well-being.

Expanding Sendwave’s Reach

Sendwave is progressively broadening its scope by introducing new services and penetrating new markets to cater more effectively to its expanding clientele. Recent developments include the launch of Sendwave Pay and the acquisition by WorldRemit, both of which have contributed to the company’s growth and increased its global reach.

Future prospects for Sendwave include further expansion into new countries and the development of additional financial services for migrants, such as Sendwave Pay, which enables users to save money when sending money and spend without international fees when visiting home.

Recent Developments

WorldRemit’s acquisition of Sendwave in February 2021 has had significant impacts on the company. Some of the key changes include:

  • Broadening Sendwave’s international influence

  • Escalating its processed global payments to around $10 billion

  • Further development of services, including the launch of Sendwave Pay, a mobile banking solution designed for senders

  • Providing additional benefits for U.S.-based migrant workers

Future Prospects

Sendwave, amid its ongoing growth, has a vision to extend its banking services across africa asia, particularly focusing on migrant communities. The company is also exploring potential partnerships with additional banks and financial institutions, such as Chime Inc and Piermont Bank, to provide more access to banking services for migrants, ensuring they can support their loved ones back home more effectively.

Sendwave’s mission of dedication to innovation and customization will help it overcome potential impediments in its expansion and continue to revolutionize the remittance industry.


In conclusion, Sendwave has revolutionized the remittance industry by providing a user-friendly, secure, and cost-effective solution for international money transfers. Its innovative services, such as Sendwave Pay, enable migrants to access banking services and manage their finances with greater ease. As Sendwave continues to expand its reach and develop additional financial services, it remains committed to empowering migrants and improving the financial well-being of millions of families worldwide.

Frequently Asked Questions

Is Sendwave legit and safe?

Sendwave is legit and safe to use, as they are a licensed money transmitter in every country of operation. They employ industry-standard 256-bit encryption for secure transactions and provide clear, transparent exchange rates with no hidden fees. With over 6,000 five-star reviews and a 4.6-star rating on Trustpilot, Sendwave is a trusted, secure option for international money transfers.

Is Sendwave used in USA?

Yes, Sendwave is available and trusted in the US, as well as other countries in North America, Europe, Africa and Asia. It is operated by Chime Inc. and accepted payment by debit card when sending from the US.

How much does Sendwave charge to send money?

Sendwave does not charge any fees for transferring money to Haiti, and when sending USD from Canada or Europe, no fees are charged either. However, if you send USD from the US, a fee of 2.5% with a cap at $12 will be applied.

What countries does Sendwave support for sending and receiving money?

Sendwave supports sending and receiving money from the USA, UK, Canada, France, Italy, Spain, Ireland, and a growing list of African and Asian countries.

How can I enroll in Sendwave Pay?

To enroll in Sendwave Pay, simply download the Sendwave app, create an account, and follow the instructions provided.

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