Speaking of 7 Platforms to Send Money to Africa, If you are anywhere in the world, including the Middle East and African countries, the last thing you want is to have to put up with technological glitches, delays, and other restrictions.
Contempt recent technological advances, the cost of transferring money to Africa remains extremely expensive, with fees often surpassing 9%. Sending money abroad doesn’t have to cost an arm and a leg.
7 Platforms to Send Money to Africa
Selecting the right way to send money with Wise will largely depend on your payment method. Some payment methods are faster than others. Some can be cheaper while others will be instant.
In this article, we are going to examine 7 platforms to send money to Africa. The following are the popular financial apps to transfer money to Africa.
With TransferWise, you can send money in any currency you prefer and choose the currency your recipient receives it in. The app is one of the simplest and cheapest ways to send money abroad.
The app was created by Skype. you can simply go on their website or download the TransferWise app. The exchange rate provided is very similar to what’s on Google so you know you are getting a fair price, unlike bank transfers.
Transferring time depends on the currency you are sending but most transfers to Africa take anywhere between three to seven business days to arrive.
The wise shines for his fair exchange rates, transparent fees, easy to use, you can keep track of all your financial transactions while on the move, and easy download on iPhone and Android devices.
With Wave, you can transfer money to Africa. The transfer service is renowned for its high transaction speeds in Africa. Wave was founded in 2004 to solve the high transfer charges instigated by banks when sending money to Africa.
Depending on the African country you are sending money to transfer costs can either be free or cost you 3% of the amount being sent.
World Remit permits you to send money to over 140 countries across Africa, Asia, Australia, Europe, and other Americas. It is known as the new kid on the block when it comes to money transfer services.
The remit was founded in 2010 and they offer you the best exchange rates with competitive charges. Mobile money is one of the fastest-growing modes of money transfer in Africa. The transfer fees for most countries are $3.99. they take a shorter time to send money than others on this list.
Sending money to countries like Poland and Germany could take about 1-2 days. while if you are sending to Nigeria or the Philippines is instant.
Payoneer is easy to find in small countries and even countries with civil unrest. It is one of the fastest-growing money transfer services, especially in Africa, supporting 200 countries and 150 currencies worldwide.
Transferring to other Payoneer users are totally free, which means you can save a lot of money if you send to Africa regularly.
The Azimo is very easy and secure to use in teams of money transfers. It is regulated by the Financial Conduct Authority (FCA). Also, the app has SSL certificates, making it one of the safest money transfer services.
It is even more user-friendly because the app does not need to support its website or Oher structures, unlike some of its competitors. You can send money from other countries to Africa through this app.
This organization is not as expensive as it is to use bank transfers. Even more, they ensure your transfer reaches the recipient even if they don’t have bank accounts.
Western Union was started by Ezra Cornell in Denver, Colorado, 169 years ago. To use the app, just download the western union app or go online to western union login and follow the instructions to send money to Africa.
This organization is available in over 200 countries and supports 25 currencies, this money transfer service is arguably the most popular in the world.
You can send money from the PayPal account to any African country. Their charge fee is as much as 3% on some transfers.
What is the Best Ways of Sending Money to Africa?
sending money has become more accessible with banks upgrading their services and the genesis 3rd party organizations. Some of the best ways to send money to Africa include.
A lot of people who are now based in other countries worldwide migrated from Africa. Most of them still have relatives and loved ones back home they often send money.