10 Best MoneyGram Alternatives & Competitors (2026)

Wise (formerly TransferWise) provides international transfers with mid-market exchange rates and transparent low fees. It supports bank transfers to many African countries and offers multi-currency accounts with local details in several currencies. Compared to Afriex, Wise generally has broader global reach and stronger business features but may not match Afriex's sub-20-second delivery speed for African corridors or its credit-builder tool.

PayPal allows international sending and receiving with buyer/seller protection and integration into many platforms. It supports transfers to some African countries via bank or card. Compared with Afriex, PayPal offers wider merchant acceptance and business tools but usually has higher fees for currency conversion and lacks specialized fast African remittance corridors or credit-builder functionality.

PayPal is a widely recognized payments platform offering checkout, invoicing, and merchant accounts with strong consumer trust. It provides simpler setup than Stripe for small businesses but offers fewer developer APIs and less flexible billing infrastructure for complex SaaS or platform models. Pricing is transaction-based with higher fees at scale.

Remitly specializes in remittances to Africa and other emerging markets with options for bank deposit, cash pickup, or mobile wallet delivery. It emphasizes speed and promotions for first-time users. Unlike Afriex, Remitly focuses more narrowly on person-to-person transfers rather than offering virtual USD/GBP/EUR accounts or credit building, making it less versatile for receiving global payments.

WorldRemit enables online money transfers to Africa with bank deposits, cash pickup, airtime, and mobile money options. It supports many African corridors and offers competitive rates. In comparison to Afriex, WorldRemit provides wider cash pickup networks but lacks integrated virtual accounts, debit cards, and the ultra-fast transfer times advertised by Afriex.

Western Union offers a vast global network for cash pickup and bank transfers, including strong coverage across Africa. It supports both online and agent-based sending. Relative to Afriex, Western Union has more physical locations but typically charges higher fees and does not provide modern features like named multi-currency accounts or credit building within the same app.

Revolut provides multi-currency accounts, debit cards, and international transfers at interbank rates with additional features like crypto and stock trading. It has growing support for African transfers. Versus Afriex, Revolut offers more investment options and broader European features but may not emphasize the same speed or low fees specifically for African recipients.

Paysend offers low-cost international transfers and multi-currency accounts with debit card options. It covers many African destinations. Relative to Afriex, Paysend provides similar digital wallet features but does not highlight sub-20-second transfer speeds or a dedicated credit builder for US users.

Sendwave specializes in mobile money transfers to Africa with a simple app experience and competitive rates. It focuses on person-to-person remittances. Unlike Afriex, Sendwave does not offer global named currency accounts, virtual cards, or enterprise business services, limiting its use for receiving international payments or building credit.