Best Money Transfer Services in Malaysia (August 2026)
Compare leading money transfer services for sending money from Malaysia. Find the provider with the best exchange rate and lowest fees for your corridor.
There are 9 money transfer services available in Malaysia.
Last updated August 2026
est. 2011
Money for here, there and everywhere.
Available in
Malaysia and 176 other countriesAvailable for
Fast, flexible and secure money transfers
Available in
Malaysia and 47 other countriesAvailable for
est. 2014
est. 2015
One World Account for Global Business
Available in
Malaysia and 38 other countriesAvailable for
Spotted a provider we’re missing?
Tell us about a neobank, neobroker, or money transfer service that should be listed here.
Which money transfer services are best for individuals in Malaysia?
Money transfer services in Malaysia let individuals send money abroad faster and cheaper than a traditional bank. With better exchange rates and lower fees, they are ideal for supporting family overseas, paying for travel, or moving money between your own accounts from Malaysia.
- Ria – Ria is one of the largest international money transfer service providers in the world. Send money online from your mobile device with the Ria Money Transfer app. Safely and quickly send money to 190+ countries in our network, with over 500,000 partner locations. With receiving options including cash pickup, bank deposit, mobile wallets, and home delivery, we make receiving money simple.
- Wise – 175 countries. 50 currencies. Get the account built to save you money round the world. Save up to 6x when you send, spend and withdraw 50 currencies, all in one account.
- WorldRemit – Fast, flexible and secure international money transfers across the world. Save time and money when you send money internationally with WorldRemit.
- Western Union – Transfer money conveniently with Western Union. Begin your international money transfer online, on the app or pay in person, to receivers around the world.
- OFX – Make fast and secure international money transfers with OFX (formerly UKForex). Register today and save with better exchange rates than the big banks.
Which money transfer services are best for businesses in Malaysia?
Business money transfer services in Malaysia help companies pay suppliers, contractors, and staff abroad with competitive rates and low fees. Features often include multi-currency accounts, batch payments, and API access, making cross-border payments simpler for businesses in Malaysia.
- Wise – 175 countries. 50 currencies. Get the account built to save you money round the world. Save up to 6x when you send, spend and withdraw 50 currencies, all in one account.
- OFX – Make fast and secure international money transfers with OFX (formerly UKForex). Register today and save with better exchange rates than the big banks.
- Instarem – Send money abroad with Instarem - Fast & reliable international money transfers. Experience the ease of international money transfer with our user-friendly platform.
- Airwallex – Grow your business faster with Airwallex - global business accounts, high speed transfers, multi-currency cards, online payments, embedded finance, and more.
- WorldFirst – WorldFirst helps businesses make international payments easily and securely at speed. Collect, convert, pay and manage your money when it suits you
Frequently asked questions about money transfers
Everything you need to know about sending money abroad — the essentials, answered.
What is a money transfer service?
A money transfer service lets you send money internationally, usually faster and cheaper than a traditional bank, through an app or website.
How do money transfer services make money?
Mainly through a margin on the exchange rate and a transfer fee. The cheapest providers keep both low.
How long does an international transfer take?
Anywhere from minutes to a few business days, depending on the provider, corridor, and payment method.
Are online money transfers safe?
Licensed providers are regulated and use encryption and identity checks to protect your money and data.
How do I get the best exchange rate?
Compare the total cost (exchange rate plus fees) across providers for your specific amount and corridor, rather than the headline rate alone.
Can businesses use money transfer services?
Yes. Many providers offer business accounts with multi-currency balances, batch payments, and API access.
What do I need to send money abroad?
Typically the recipient's account details, a valid ID for verification, and a funding method such as a card or bank transfer.
Why is a transfer service cheaper than my bank?
Specialist providers use the mid-market rate with transparent fees, while banks often add a hidden margin to the exchange rate.