Master Transfer vs Muthoot Forex
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Master Transfer
Easily send money abroad to family and friends or pay bills and suppliers directly from your smartphone or tablet. Enjoy instant delivery, competitive prices, and secure debit card payments with real-time tracking and notifications.
- Send and track transfers
- Instant money delivery
- Debit card payments
- Real-time tracking
- Exchange rate notifications
- Secure 256-bit encryption
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We provide our customers with best prices, instant delivery of your money, and a fully integrated solution across our branches, call centres and online. With the Master Transfer Mobile app, It is simple to send money to family and friends or pay bills and suppliers. Anytime, anywhere, do everything on your smartphone and tablet. Debit Card payments? It’s easy with our app, you can send money and pay securely with your card with no extra fees. • Send and track your transfers • Simple intuitive process • You can pay by debit card • Track your money transfer in real-time • Update your documents online • Exchange rates email and SMS notifications • Transfer history • Safety and security with 256-bit data encryption • 100% money-back guarantee • No extra fees
Muthoot Forex
Facilitates foreign exchange and outward remittance services in compliance with RBI guidelines. Enables hassle-free currency exchange and money transfers abroad at competitive rates, empowering global travel and financial transactions.
- Foreign exchange services
- Outward remittance
- RBI compliant
- Competitive rates
- Hassle-free transactions
- Global travel support
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Forex & Outward Remittance services by Muthoot Forexare strictly executed as per the guidelines of RBI. With simplified foreign exchange services, our customers are empowered to travel anywhere in the world without having to worry about the availability of currency. Muthoot Foreign Exchange offers hassle-free currency exchange & outward remittance services at highly competitive rates
Screenshots
Verdict
The clearest difference is review sentiment: Muthoot Forex at 100% against Master Transfer's 83%. Master Transfer's advantage is update cadence (every 2 months vs every 5 months). On price, ads, in-app purchases and monetization model there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Master Transfer ships an update every 2 months, Muthoot Forex every 5 months. The most recent releases landed on November 4, 2026 and November 3, 2026 respectively.
| Parameter | Master Transfer | Muthoot Forex |
|---|---|---|
| Price | Free | Free |
| Positive reviews | 83.3% of reviews | 100.0% of reviews — better |
| Update frequency | Every 2 months — better | Every 5 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 14.0 | 13.0 — better |
| Further details — not scored | ||
| Size | 82 MB | 16 MB |
| Age rating | 4+ | 4+ |
| Developer | Master Services Europe Group Ltd | Muthoot Finance Limited |
Customer experience
Master Transfer
Muthoot Forex
In-app purchases
Master Transfer
No in-app purchases
Muthoot Forex
No in-app purchases
Questions
Is Master Transfer free?
Is Muthoot Forex free?
Do Master Transfer or Muthoot Forex have ads?
Which is updated more often, Master Transfer or Muthoot Forex?
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