With the rise of globalization and digital payments, using apps to send money internationally has become a convenient and cost-effective way to transfer funds across borders. Whether you’re a Kenyan living abroad, a foreigner working in Kenya, or a business owner looking to expand globally, these apps have made it easier to send and receive money internationally.
Selecting the Best Apps to Send Money Internationally from Kenya
When choosing the best apps to send money internationally from Kenya, consider the following factors: transaction fees, exchange rates, transfer speeds, and user experience. Some popular options include:
1. WorldRemit: This app offers competitive exchange rates and low fees for international money transfers. It also allows users to send money to over 140 countries worldwide.
2. MPesa: This mobile wallet is widely used in Kenya and allows users to send and receive money domestically and internationally. It’s a convenient option, especially for those who already use MPesa for local transactions.
3. PayPal: While primarily known for online transactions, PayPal also offers international money transfers. However, be aware that fees can be higher compared to specialized apps like WorldRemit or MPesa.
How to Send Money Internationally from Kenya Using Apps
To send money internationally from Kenya using apps, follow these steps:
1. Download and install the desired app on your mobile device.
2. Create an account or log in to an existing one.
3. Enter the recipient’s details, including their name, address, and bank account or mobile wallet information.
4. Choose the transfer method (e.g., bank transfer, mobile wallet, or cash pickup).
5. Enter the transfer amount and review the fees and exchange rates.
6. Confirm the transaction and wait for the funds to be processed.
Popular Apps to Send Money Internationally from Kenya
Besides the ones mentioned earlier, here are some other popular apps to send money internationally from Kenya:
1. TransferWise: This app specializes in international money transfers and offers competitive exchange rates and low fees.
2. Azimo: This app allows users to send money to over 200 countries worldwide and offers a range of transfer options, including bank transfers and mobile wallets.
3. Xoom: This app is a subsidiary of PayPal and allows users to send money to over 160 countries worldwide. It also offers a range of transfer options, including bank transfers and mobile wallets.
Tips for Using Apps to Send Money Internationally from Kenya
To get the most out of using apps to send money internationally from Kenya, follow these tips:
- Compare fees and exchange rates across different apps to find the best option.
- Choose a reputable app with good security measures in place.
- Verify the recipient’s details carefully to avoid errors.
- Keep track of your transfer history and receipts for future reference.
Comparing Top Apps for Sending Money Internationally
When it comes to transferring funds across borders, using the right app can save you time, money, and hassle. Here’s a breakdown of the top apps to send money internationally, along with their key features.
| App Name | Transfer Fees | Exchange Rates | Transfer Limits | Payment Methods | Customer Support |
|---|---|---|---|---|---|
| TransferWise | 0.5-1.5% margin | Real-time market rates | $1,000-$50,000 | Bank transfer, debit card | Email, phone, live chat |
| Xoom (PayPal) | $2.99-$4.99 flat fee | Competitive rates | $2,999-$99,999 | Bank transfer, debit card, credit card | Email, phone, live chat |
| WorldRemit | 0.5-2% margin | Real-time market rates | $2,999-$99,999 | Bank transfer, debit card, credit card | Email, phone, live chat |
| Revolut | 0.5-1.5% margin | Real-time market rates | $1,000-$50,000 | Bank transfer, debit card | Email, phone, live chat |
In conclusion, the right app to send money internationally depends on your specific needs. If you’re looking for low fees and competitive exchange rates, TransferWise or Revolut might be the best option. If you need to transfer larger amounts, Xoom or WorldRemit may be more suitable.
Don’t get caught off guard by hidden fees or poor exchange rates. Compare the top apps and choose the one that best fits your needs. Send money internationally with confidence today!
How to Send Money Internationally from Kenya with Top Mobile Apps
Q: What are the top mobile apps for international money transfers from Kenya?
The top mobile apps for international money transfers from Kenya include M-Pesa by Safaricom, WorldRemit, Azimo, and TransferWise. These apps offer fast, secure, and affordable ways to send money across borders.
Q: How much does it cost to send money internationally from Kenya using mobile apps?
The cost of sending money internationally from Kenya using mobile apps varies depending on the app, the amount being sent, and the destination country. On average, fees range from 1-5% of the transfer amount, with some apps offering competitive exchange rates and low fees.
Q: What are the requirements for sending money internationally from Kenya using mobile apps?
To send money internationally from Kenya using mobile apps, you typically need to have a valid Kenyan mobile phone number, a registered mobile banking account, and a valid form of identification such as a national ID or passport. Some apps may also require you to have a minimum balance in your mobile banking account.
Q: Is it safe to send money internationally from Kenya using mobile apps?
Yes, it is safe to send money internationally from Kenya using mobile apps. Reputable apps such as M-Pesa, WorldRemit, and TransferWise use advanced security measures to protect your transactions, including encryption and two-factor authentication. Additionally, these apps are regulated by financial authorities in Kenya and abroad.
Q: How long does it take to send money internationally from Kenya using mobile apps?
The transfer time for sending money internationally from Kenya using mobile apps varies depending on the app and the destination country. Some apps offer real-time transfers, while others may take a few minutes or hours to process the transaction. You can typically track the status of your transfer using the app’s tracking features.
Conclusion: Empowering Your International Money Transfers
In this article, we explored the top mobile apps to send money internationally from Kenya, highlighting the convenience and benefits of using these services. With the global remittance market projected to reach $2.5 trillion by 2025, as reported by the World Bank here, it’s essential to choose a reliable platform to send and receive money internationally. By using mobile apps, you can save time and money on transfer fees, making international money transfers more accessible and affordable.
Quick Tips for a Stress-Free International Money Transfer
• Always research and compare fees among different mobile apps before making a transfer.
• Consider using a mobile app with a user-friendly interface and 24/7 customer support.
• Ensure you have a stable internet connection and sufficient funds in your account before initiating a transfer.
• Keep track of your transfer history and receipts for future reference.
Clear Next Steps
1. Download and install a reputable mobile app to send money internationally, such as M-Pesa or WorldRemit.
2. Create an account and link your Kenyan bank account or mobile money wallet.
3. Familiarize yourself with the app’s fees, exchange rates, and transfer limits.
Key Statistics
• In 2020, Kenya received $2.3 billion in remittances, as reported by the Central Bank of Kenya here.
• The global remittance market is expected to grow at a CAGR of 9.4% from 2020 to 2025, according to a report by Grand View Research here.
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