How we measure.

NewRemit tracks what 10 major remittance operators actually charge across 1,000+ corridors, and where they actually pay out. No provider pays for placement, and no provider can pay to change how it ranks.

What a corridor is

A corridor is one origin-country → destination-country pair — for example, United Kingdom → India. Provider coverage is an attribute of a corridor, never a multiplier of the count: UK → India served by six providers is still one corridor.

How pricing is collected

We collect provider pricing 6× daily, per corridor, per send amount, and per payment method. Collection methods vary by provider and corridor — quotes are gathered the way a sender would encounter them — so freshness and granularity can differ between providers. Every rate on the site carries the timestamp of its collection run.

How quotes are benchmarked

Every quote is compared against the true interbank mid-market rate for its currency pair and decomposed into what the pricing is made of: the exchange-rate markup vs. the mid, the transfer fee, and any promotional effect (promotions are applied cap-aware — a boosted rate on the first £500 is not treated as a boosted rate on £5,000). Providers are ranked by the all-in effective rate: what the recipient actually gets per unit sent, after everything.

Extreme readings are treated with suspicion, not celebrated: a spread far outside the market band is flagged as unverified rather than ranked as a bargain, and sub-noise differences are presented as ties rather than wins.

Payout networks and physical coverage

Rates are joined to the payout side of each corridor: the banks, wallets, and cash networks a provider actually delivers through. We also map 490,000+ physical agent and pickup locations across 29 countries, with per-country verification dates and additions tracked over time.

Independence

NewRemit is independent and not affiliated with, endorsed by, or sponsored by any provider shown. Rankings are produced by the same formula for every provider, with zero paid placement.

A full methodology document — collection details per data family, benchmark sources, and edge-case handling — is in the works. Questions in the meantime? Get in touch.