Best Money Transfer App in UAE: Who Wins the Top Spot?

The UAE, with over 9 million expats as of December 2024, relies heavily on seamless money transfers for personal and business needs. From sending funds overseas to splitting bills, money transfer apps have revolutionized transactions. This guide evaluates the best money transfer app in UAE for 2025, focusing on ease of use, affordability, security, and standout features to help you make an informed decision.their ease of use, affordability, security, and standout features to help you make the smartest choice.

What Makes the Best Money Transfer App in the UAE?

Here’s a breakdown of the key features to consider when choosing the best money transfer app in the UAE and why they matter:

Best Apps for International and local money transfer in the UAE:

Payit

Payit is the UAE’s first fully digital wallet, which was launched by FAB (First Abu Dhabi Bank). Designed for convenience and inclusivity, it caters to everyone, including individuals without traditional bank accounts, providing a wide range of payment and money management solutions.

Key Features

Here’s why Payit has become the best money transfer app for you:

• Safe and Secure: Payit ensures all your transactions are protected with advanced encryption and security protocols.
• Instant Money Transfer: Send money to friends, family, or domestic help instantly, without delays.
• Competitive Rates: Enjoy attractive exchange rates for international transfers, saving you money on every transaction.
• 24×7 Service: Transfer money anytime, anywhere, with round-the-clock availability.
• Broader Coverage: Send money to over 200 countries, making it convenient for global remittances.
• Easy Bank Transfers: Seamlessly transfer money to bank accounts, both locally and internationally.
• Cash Withdrawal with MoneyGram: Access cash withdrawals from MoneyGram partner locations without needing a bank account.
• 0 Fee Transfers to 40 Countries: Send money to select countries without paying any transfer fees, maximizing your savings.

Also, read Are eWallets the Future of Money Transfers? Discover the Key Benefits

XE

XE is a globally recognized money transfer app known for its user-friendly interface and real-time currency exchange tracking. It’s particularly popular among users looking for transparency and competitive rates for international money transfers.

Key Features

• Money Transfers: Quick processing times for international transfers to over 130 countries.
• Better Exchange Rates: Stay updated with real-time exchange rates to get the best value for your money.
• No Hidden Fees: XE ensures transparency with no unexpected charges.
• Coverage: Supports transfers in multiple currencies to diverse regions.
• 24/7 Access: Users can make transfers anytime, anywhere, using the app.

Remitly

Remitly is a trusted name in global remittance services, especially for sending money to family and friends in developing countries. It’s designed with a focus on speed, affordability, and accessibility.

Key Features

• Multiple Delivery Options: Choose between bank deposits, cash pickups, or mobile wallets for recipients.
• Express Transfers: Send money in minutes with the express transfer feature.
• Economy Transfers: Opt for low-cost transfers with slightly longer delivery times.
• Promotional Offers: First-time users enjoy special rates and deals.
• Real-Time Tracking: Stay informed about your transfer status every step of the way.

Western Union

A household name in money transfers, Western Union, combines a legacy of trust with modern digital solutions. The app offers a range of options for both senders and receivers worldwide.

Key Features

• Extensive Network: Send money to over 200 countries through one of the largest payment networks globally.
• Flexible Payment Options: Pay using credit/debit cards, bank accounts, or cash at agent locations.
• Cash Pickup: Recipients can collect money in cash from thousands of locations worldwide.
• Multi-Currency Transfers: Supports transfers in over 130 currencies.
• Transfer Tracking: Real-time updates to track money transfers from initiation to receipt.

Al Ansari

Al Ansari Exchange is a well-established remittance and foreign exchange service provider in the UAE. Its app brings decades of expertise into a digital platform for seamless money transfers.

Key Features

• Quick International Transfers: Send money to over 120 countries with competitive exchange rates.
• Multiple Payment Methods: Pay via credit card, bank account, or through Al Ansari branches.
• Smart Remittance Tracking: Get live updates on the status of your transfers.
• Prepaid Card Services: Recharge Al Ansari prepaid cards directly via the app.
• Bill Payments: Settle utility bills, phone recharges, and other services with ease.
• Loyalty Rewards: Earn points for every transaction, redeemable for discounts and rewards.

Also, read Understanding Money Transfer Operators: Best Way for International Money Transfer

How to Choose a Cost-Effective Money Transfer Solution?

Here’s how you can ensure you’re getting the best value for your money:

1. Compare Exchange Rates

Exchange rates vary among providers. A slightly higher rate can significantly affect large transfers. Always compare rates from reputable services for competitive pricing.

2. Check for Hidden Fees

Many providers offer low fees but may hide costs with poor exchange rates or hidden fees. Read the fine print and choose services that are transparent about their costs.

3. Evaluate Transfer Speed

Fast transfers aren’t always economical. If it’s not urgent, consider slower, cost-effective methods.

4. Look for Discounts or Loyalty Benefits

Some services provide discounts for recurring transfers, first-time users, or loyalty programs, leading to significant savings over time.

5. Consider Digital Wallets or Apps

Modern money transfer apps and digital wallets typically offer lower fees than traditional banks and provide added convenience with features like QR code payments and real-time tracking.

6. Ensure Security and Compliance

A cost-effective solution shouldn’t compromise safety. Ensure the service provider is licensed and adheres to regulations so your money reaches its destination safely.

Conclusion

With so many money transfer apps available in the UAE, finding the right one can be overwhelming. Each app on this list offers unique features tailored to different needs, whether it’s low fees, fast transfers, or advanced security. 

Download the Payit app now and enjoy exclusive offers and discounts with the Letsgo Payit Card. 

FAQs

What is the maximum money transfer in UAE?

The maximum transfer limit varies by provider, for example, Payit allows AED 25,000 maximum transfer in a month.

Which online money transfer is the best?

The best online money transfer depends on your needs, but apps like Payit, Remitly, and XE are highly rated for speed and ease of use.

What is the cheapest money transfer?

Apps like Payit and Wise (formerly TransferWise) are known for low fees and competitive exchange rates.

Which app has the lowest transfer fee?

Payit offers 0 fee transfers to 40 countries, making it one of the most cost-effective options.