The year 2019 saw the rise of innovative money sending apps in Kenya, offering a diverse range of services and unparalleled convenience for users. Among these, the best money sending apps 2019 stood out for their efficiency, reliability, and user-friendly interfaces. In this article, we will delve into the world of mobile payments and explore the top-rated apps that made a significant impact in 2019.
Cash Transfer Apps for Everyday Transactions
In Kenya, mobile money transfer has revolutionized the way people send and receive money, especially in rural areas where banking services are limited. Cash transfer apps such as M-Pesa, founded by Safaricom, have become a staple in Kenyan daily life. By using a mobile phone to transfer money, users can enjoy the convenience of accessing financial services anytime, anywhere.
Another notable cash transfer app is Tala, a digital loan platform that enables users to borrow small amounts of money using their mobile devices. Tala’s innovative approach to lending has made it a popular choice among Kenyans seeking quick access to cash for emergencies or short-term needs.
Peer-to-Peer Payment Apps for Social Transactions
Peer-to-peer payment apps have gained immense popularity in Kenya, allowing users to send money to friends, family, or even pay bills. Apps like Pesapal, a popular online payment platform, enable users to make seamless transactions using their mobile phones. Pesapal’s user-friendly interface and fast transaction processing times have made it a favorite among Kenyans for social transactions.
Another notable peer-to-peer payment app is Lipa later, which offers a range of services including bill payments, airtime top-ups, and money transfers. Lipa later’s innovative approach to online payments has made it a popular choice among Kenyans seeking a hassle-free experience.
Remittance Apps for International Transfers
In addition to local money transfers, many Kenyans rely on remittance apps to send money abroad to family members or friends. Apps like WorldRemit, a global online money transfer service, enable users to send money to over 140 countries worldwide. WorldRemit’s fast and reliable service has made it a popular choice among Kenyans seeking to send money internationally.
Another notable remittance app is Sendy, a mobile payment platform that enables users to send money to recipients in Kenya and abroad. Sendy’s innovative approach to international transfers has made it a popular choice among Kenyans seeking a convenient and reliable service.
Comparison of the Best Money Sending Apps 2019
To determine the best money sending apps of 2019, we analyzed various factors including transaction fees, transfer speeds, user interface, and customer support. Based on our research, the top-rated apps in each category are:
| Category | Best App for Cash Transfer | Best App for Peer-to-Peer Payments | Best App for International Transfers |
|---|---|---|---|
| Cash Transfer | M-Pesa | Pesapal | WorldRemit |
| Peer-to-Peer Payments | Lipa later | Pesapal | Sendy |
| International Transfers | WorldRemit | Sendy | WorldRemit |
These apps stood out for their exceptional performance, user-friendly interfaces, and reliable customer support. When choosing a money sending app, consider factors such as transaction fees, transfer speeds, and user interface to ensure a seamless experience.
Top Performing Money Sending Apps of 2019
In 2019, the world of mobile money transfer saw a significant surge in the popularity of various apps that allowed users to send and receive funds with ease. Among these, some apps stood out for their reliability, security, and user-friendly interface.
| Rank | App Name | Transaction Fees | Exchange Rates | Minimum Transfer Amount |
|---|---|---|---|---|
| 1 | PayPal | 2.9% + $0.30 per transaction | Competitive rates | $5 |
| 2 | WorldRemit | Only 1.5% fee for transactions over $1,000 | Live exchange rates | $1 |
| 3 | TransferWise | No hidden fees | Up to 8x cheaper than banks | $1 |
| 4 | Western Union | Varying fees depending on transfer method | Competitive rates | $10 |
| 5 | MoneyGram | Low transfer fees | Live exchange rates | $5 |
Based on the rankings, it’s clear that while there are many money sending apps available, a few stand out for their competitive fees and exchange rates. TransferWise, for example, offers no hidden fees and significantly cheaper exchange rates than traditional banks. If you’re looking for a reliable and cost-effective way to send money abroad, consider using one of these top-performing apps.
Consider trying one of these apps today to experience the convenience and savings for yourself.
How to Send Money Safely in Kenya with the Best Apps of 2019
Q: What are the most popular money transfer apps in Kenya?
The most popular money transfer apps in Kenya in 2019 include M-Pesa, Little, and Tala. These apps offer a range of services, including mobile money transfers, loans, and savings accounts.
Q: How do I send money safely using M-Pesa?
To send money safely using M-Pesa, you need to register for an M-Pesa account and have a registered SIM card. You can then use the M-Pesa menu on your phone to select the option to send money, enter the recipient’s mobile number, and specify the amount you want to send. You will then receive a confirmation message to confirm the transaction.
Q: What are the fees associated with sending money using Little?
The fees associated with sending money using Little vary depending on the amount you want to send and the recipient’s location. In general, Little charges a flat fee of 2.5% of the transaction amount, with a minimum fee of KES 100. You can check the fees on the Little app before making a transaction.
Q: Can I send money internationally using the best apps in Kenya?
Yes, some of the best apps in Kenya, such as Little and M-Pesa, allow you to send money internationally. However, this service may be subject to certain fees and exchange rates. It’s best to check with the app provider for more information on their international money transfer services.
Q: What happens if I lose my phone or it gets stolen while using mobile money apps?
If you lose your phone or it gets stolen while using mobile money apps, you can contact the app provider’s customer support to block your account and prevent unauthorized transactions. In Kenya, you can also contact the Central Bank of Kenya’s customer support for assistance with mobile money-related issues.
Conclusion: Safe Money Sending in Kenya with the Best Apps of 2019
In this article, we’ve explored the importance of sending money safely in Kenya, particularly with the best money sending apps of 2019. We’ve discussed the benefits of using secure and reliable platforms to transfer funds, reducing the risk of fraud and financial loss. By adopting these best practices, individuals can enjoy peace of mind while sending money to loved ones or paying bills.
Quick Tips for Smart Money Management
* Always research and compare fees and exchange rates before sending money
* Use strong passwords and enable two-factor authentication for added security
* Keep receipts and records of transactions for future reference
* Consider setting up automatic transfers for regular payments
Clear Next Steps
To start sending money safely in Kenya today, follow these easy steps:
1. Research and download a reputable money sending app, such as M-Pesa or WorldRemit.
2. Set up a secure account and fund it with the desired amount.
3. Enter the recipient’s details and confirm the transaction.
Key Statistics
* In 2019, Kenya’s mobile money transactions reached KES 6.6 trillion (approximately USD 65 billion), up from KES 4.1 trillion in 2018 (Source: CBK Report).
* According to the World Bank, mobile money has helped reduce poverty and increase financial inclusion in Kenya, with 75% of adults having access to mobile financial services (Source: World Bank Report).
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