It’s true that there is a myriad of options when it comes to online money transfers, getting money and sharing funds. But how do you pick out of the sea of options and what sort of factors should you look out for? For most people, the most important factors might range from rates to speed, to reliability. With these details in mind, here are the best and most popular money transfer apps you can use:
- WorldRemit: WorldRemit is a popular money transfer service that allows you to send money to Africa from over 50 countries. They offer a variety of payment options, including bank transfers, mobile money, and cash pickups.
- Wise (formerly TransferWise): Wise is a great option for sending money to Africa because they offer low fees and a competitive exchange rate. They support transfers to a variety of African countries, including Nigeria, Kenya, and South Africa.
- SendSprint: SendSprint is a fast, more secure, and more reliable option for sending money and gifts to Africa from the UK, Canada and the US. They currently remit to four major countries (Ghana, Nigeria, South Africa & Kenya) in Africa and plan to expand by including the ability to send from the EU and to other African countries.
- Western Union: Western Union is a well-known money transfer service that has an extensive network of agents throughout Africa. They offer cash pickups, bank transfers, and mobile wallet transfers.
- MoneyGram: MoneyGram is another popular money transfer service that operates in many African countries. They offer a variety of payment and delivery options, including cash pickups, bank transfers, and mobile wallets.
- Ria: Ria is a fast and affordable money transfer service that allows you to send money to many African countries. They offer cash pickups, bank transfers, and mobile wallet transfers.
- Xoom: Xoom is a money transfer service owned by PayPal that allows you to send money to many African countries. They offer fast and secure transfers, with options for cash pickups, bank deposits, and mobile wallet transfers.
- Azimo: Azimo is a money transfer service that offers low fees and competitive exchange rates for sending money to Africa. They support transfers to many countries, with options for bank transfers, mobile wallet transfers, and cash pickups.
- WorldFirst: WorldFirst is a currency exchange service that offers competitive exchange rates for sending money to Africa. They support transfers to many African countries, with options for bank transfers and mobile wallet transfers.
- Remitly: Remitly is a money transfer service that specializes in sending money to developing countries, including many African countries. They offer fast and secure transfers, with options for bank transfers and cash pickups.
- Sendwave: Sendwave is a mobile money transfer service that allows you to send money to many African countries using your mobile phone. They offer low fees and competitive exchange rates, and the recipient can collect the funds using their mobile wallet.
Because there is no “one size suits all” solution for remitting money, it is ultimately up to you to determine which option is going to be most beneficial for you in terms of your specific financial needs.
