What is Monirates?

Monirates is a leading International Money Transfer Operator (IMTO) dedicated to making cross-border payments fast, affordable, and secure. Founded on the mission to democratize access to global financial services, Monirates empowers individuals and businesses to send and receive money across 100+ countries with ease. Whether you’re supporting family abroad, paying for education, or managing international business transactions, Monirates simplifies the process through its low-fee international transfers, competitive exchange rates, and user-friendly platform.

Core Services:

● Personal Transfers: Send funds to bank accounts, mobile wallets, or cash pickup locations.

● Business Solutions: Bulk payments, multi-currency accounts, and payroll services.

● Global Reach: Operates in major regions like North America, Europe, Africa, and Asia.

With a focus on transparency and customer satisfaction, Monirates ensures your money reaches its destination efficiently—no hidden fees, no delays.

Who Owns and Operates Monirates?

Monirates was established in 2015 by a team of fintech veterans with over 20 years of combined experience in financial services. Co-founders Julia Martinez (ex-PayPal) and Raj Patel (former SWIFT executive) envisioned a platform that bridges financial gaps between nations.

Key Partnerships:

● Regulated by FinCEN (USA), FCA (UK), and EU Central Bank.

● Collaborates with global banks (e.g., Citibank, HSBC) and mobile wallet providers (M-Pesa, Paytm).

● Backed by investors like TechStars and Accel Ventures.

This robust foundation ensures Monirates adheres to the highest security and compliance standards while innovating for customer needs.

How Does Monirates Work?

Sending money with Monirates takes just minutes:

Step 1: Sign up for a free account online or via the app.

Step 2: Enter the recipient’s details (bank account, mobile wallet, or cash pickup location).

Step 3: Choose a payout method and confirm the transfer.

Step 4: Track your transaction in real time with SMS/email updates.

What Are the Fees and Exchange Rates?

Monirates prides itself on transparent pricing:

● Fees: As low as $2 for bank transfers; 1.5% for card payments.

● Exchange Rates: Mid-market rates with a 0.5% margin—up to 3x cheaper than banks.

Discounts: Refer a friend for $10 off, or join the Loyalty Program for fee waivers.

How Fast Are Transfers with Monirates?

Speed varies by payout method:

● Instant: Card-to-card and mobile wallet transfers.

● Same-Day: 80% of bank deposits.

● 1-3 Days: Rare cases due to recipient bank delays.

Factors like currency conversion (supports 60+ currencies) and local regulations may affect timing. For urgent needs, use FastTrack™ for prioritized processing.

Is Monirates Secure and Regulated?

Monirates uses military-grade encryption and two-factor authentication (2FA) to safeguard your data. Key security measures:

● Compliance: Follows AML (Anti-Money Laundering) and KYC (Know Your Customer) protocols.

● Fraud Prevention: AI-driven monitoring systems block suspicious activity.

● Fund Protection: Segregated client accounts under EU regulations.

Your trust is our priority.

Which Countries and Payment Methods

Are Supported?

Global Coverage:

● Major Corridors: US → Mexico, UK → India, Germany → Turkey.

● Regions: North America, Europe, Africa, Asia-Pacific.

Payment Methods:

● Debit/credit cards (Visa, Mastercard).

● Bank transfers (ACH, SEPA).

● Mobile wallets (M-Pesa, Alipay).

● Cash pickup at partner locations.