Best Ways to Send Money Within Africa

Have you ever wondered what it feels like to send money from one African country to another in less than 9 minutes, without losing so much to transaction charges?

Every day, hundreds of thousands of people across Africa keep looking for fast, safe, and reliable ways to send money and to make payments within Africa.

We have evolved from having to travel to a recipient’s country to deliver cash to them physically, to using courier services to transfer money, and now we are making use of safer and faster means to send money within Africa.

This has been made possible due to the combined efforts of both the Government and private financial stakeholder to transform payments remittance across Africa

In a previous article, I briefly explained some solutions that had been developed over the years to simplify how money can be sent and received in Africa. In this article, you will see the best solutions or platforms you can use to send and receive money within Africa now.

The best ways you can send money within Africa are through;

What are the Pros and Cons of these Payment Platforms

1. RapidTransfer: Rapidtransfer mobile App is an app by Ecobank that allows Its customers to send money to anyone in 33 African countries.

Pros: It’s super-fast, reliable, and safe to use. You can send money to anyone in 33 African countries.

Cons: You won”t be able to buy airtime and pay utility bills on the App. You must also have a national passport to register which is a major barrier to those who only have other valid means of identification.

2. Waya: Waya is a highly secured App that helps you send money to anyone in Nigeria, Kenya, and Ghana in less than 5 minutes at zero charges.

Pros: Transactions are free. You only get to transfer based on the current exchange rate which is displayed during a transaction. Highly secured and easy to sign up for.

Cons: It doesn’t work in all African countries at the moment but plans to roll out in other African regions in the next couple of months.

3. WorldRemit: WorldRemit is an international payment company that added a new service to its features which makes it easier to send and receive money across Africa.

Pros: You can send money to almost all countries within Africa. They have various options for sending money through cash pickup, bank transfers, mobile money pickup, etc.

Cons: Each transaction includes transfer costs.

4. Barter by Flutterwave: This App enables you to send and receive money in a fast and secure manner within Africa.

Affordable transfer fees, pay for airtime, and bills with your phone. It’s super easy to use.

Cons: It’s currently available in only 7 African countries. Transfers aren’t free.

5. Eversend: Eversend is an App that allows you to exchange, spend and send money at good rates within Africa.

Pros: Offers flexible banking services like insurance and bill payments. You can access it without the internet.

Cons: Only works in Nigeria, Kenya, Uganda, Rwanda, and Togo. High exchange rates.

6. Chipper cash: This app offers instant cross-border mobile money transfers in Africa at some selected countries in Africa. You just need to connect your mobile money account, or multiple mobile money accounts if you have them, to your Chipper Cash wallet to start sending money.

Pros: You can use Chipper Cash for other online payments like airtime recharge, pay your cable TV, internet, and electricity bills.

Cons: Only operates in Nigeria, Kenya, Uganda, Tanzania, Rwanda, South Africa, and Ghana. Recipients must have a Chipper cash account to receive money.

So, these are the best ways you can send money to someone within Africa right now. While some of them have high advantages, they still have some vital features that they need to include to serve more Africans better.

Which of these platforms are you using at the moment?

Originally published at http://wayamoney.wordpress.com on December 18, 2020.