Send Money to Africa with Ease: Top Money Transfer Services of 2024.
Africa has faced challenges in connecting to the global financial system due to a number of factors.
Some of these factors include:
Payoneer allows users to receive and make payments in multiple currencies through various channels such as bank transfers, credit cards, and online payment platforms.
It also offers other financial services such as online invoicing, working capital loans, and cross-border payments.
Payoneer is widely used by freelancers, small businesses, and online sellers who need to make or receive payments from clients and customers located in most countries.
The platform supports more than 50 currencies and allows users to send and receive money through various channels such as bank transfers, credit and debit cards, and Apple Pay.
It also offers other services such as multi-currency accounts, borderless debit cards, and integration with various platforms and marketplaces.
Overall, WISE offers a convenient, affordable, and user-friendly solution for individuals and businesses who need to make international money transfers.
PAYEER offers a variety of payment options, including bank transfers, credit and debit cards, and e-wallets.
The platform supports more than 200 countries and offers services such as money transfers, currency exchange, and payment processing for businesses.
Overall, PAYEER is a reliable and convenient payment platform that can be used by individuals and businesses for various purposes, such as making online purchases, sending money to friends and family, or receiving payments from clients and customers.
Flutterwave offers a variety of payment options, including card payments, bank transfers, and mobile money, and supports more than 150 currencies.
The platform also offers various tools and features for businesses, such as invoicing, payment links, and e-commerce integration.
Overall, Flutterwave offers a convenient and reliable payment solution for individuals and businesses in Africa and around the world and is committed to expanding access to financial services through technology.
Western Union allows individuals and businesses to send and receive money in over 200 countries and territories, in over 130 currencies.
The platform supports various payment options, such as bank transfers, credit and debit cards, and cash pick-up.
The company also offers digital services, such as mobile apps and online platforms, which allow users to make and receive payments from anywhere in the world.
It has a long history of providing financial services and has a global presence that allows for convenient and accessible money transfers.
WorldRemit offers a variety of payment options, including bank transfers, mobile money, and cash pick-up, and supports more than 130 currencies.
The platform allows users to make and receive payments through various channels such as online, mobile apps, and in-person at agent locations.
Its digital platform offers a user-friendly experience and is accessible from anywhere in the world.
Its virtual debit card can be used for online purchases and payments, while its mobile money transfer services allow users to send and receive money across different countries in Africa.
The app also allows users to pay bills, buy airtime, and make other types of payments.
Transactions can be made in local currencies, and the app provides competitive exchange rates.
Wave is a popular mobile money transfer service in several countries in Africa and Asia, including Senegal, Ivory Coast, Ghana, Tanzania, Uganda, and Kenya.
Chipper Cash allows users to send and receive money across different African countries in local currencies, with no fees charged for transactions.
The platform also provides services such as bill payments, airtime top-ups, and virtual debit card issuance.
One of the unique features of Chipper Cash is its ability to integrate with mobile money platforms, which are prevalent in many African countries.
This enables users to access a wider range of financial services and to transact with people who may not have bank accounts.
The company has gained popularity in Africa and has received investment from several high-profile venture capital firms, including Jeff Bezos' personal investment firm, Bezos Expeditions, and Ribbit Capital.
Lack of infrastructure: Many parts of Africa lack the necessary infrastructure to support modern financial systems, such as reliable internet connectivity and banking infrastructure.
Regulatory challenges: Some African countries have complex and restrictive regulations that can make it difficult for businesses and individuals to access global financial markets.
However not to lose hope, I have complied a list of money transfer services which offer full support to most African countries and will not accept money and refuse to send it to you as many western financial companies are notorious for that.
Here is my list:
PAYONEER
PAYONEER is a global financial services company that provides online money transfer and digital payment services to individuals and businesses worldwide.
It was founded in 2005 and is headquartered in New York, USA.Payoneer allows users to receive and make payments in multiple currencies through various channels such as bank transfers, credit cards, and online payment platforms.
It also offers other financial services such as online invoicing, working capital loans, and cross-border payments.
Payoneer is widely used by freelancers, small businesses, and online sellers who need to make or receive payments from clients and customers located in most countries.
WISE
WISE (formerly TransferWise) is a global money transfer service that enables individuals and businesses to send and receive money internationally with low fees and exchange rates that are close to the mid-market rate.
It was founded in 2010 and is headquartered in London, UK.The platform supports more than 50 currencies and allows users to send and receive money through various channels such as bank transfers, credit and debit cards, and Apple Pay.
It also offers other services such as multi-currency accounts, borderless debit cards, and integration with various platforms and marketplaces.
Overall, WISE offers a convenient, affordable, and user-friendly solution for individuals and businesses who need to make international money transfers.
PAYEER
PAYEER is a global payment platform that allows users to send and receive money online in different currencies.
It was founded in 2012 and is headquartered in Georgia.PAYEER offers a variety of payment options, including bank transfers, credit and debit cards, and e-wallets.
The platform supports more than 200 countries and offers services such as money transfers, currency exchange, and payment processing for businesses.
Overall, PAYEER is a reliable and convenient payment platform that can be used by individuals and businesses for various purposes, such as making online purchases, sending money to friends and family, or receiving payments from clients and customers.
FLUTTER WAVE
FLUTTER WAVE is a financial technology company that provides payment solutions for individuals and businesses in Africa and around the world.
It was founded in 2016 and is headquartered in San Francisco, USA, with offices across Africa and Europe.Flutterwave offers a variety of payment options, including card payments, bank transfers, and mobile money, and supports more than 150 currencies.
The platform also offers various tools and features for businesses, such as invoicing, payment links, and e-commerce integration.
Overall, Flutterwave offers a convenient and reliable payment solution for individuals and businesses in Africa and around the world and is committed to expanding access to financial services through technology.
WESTERN UNION
WESTERN UNION is a global financial services company that provides money transfer and payment services.
It was founded in 1851 and is headquartered in Denver, Colorado, USA.Western Union allows individuals and businesses to send and receive money in over 200 countries and territories, in over 130 currencies.
The platform supports various payment options, such as bank transfers, credit and debit cards, and cash pick-up.
The company also offers digital services, such as mobile apps and online platforms, which allow users to make and receive payments from anywhere in the world.
It has a long history of providing financial services and has a global presence that allows for convenient and accessible money transfers.
WORLD REMIT
WORLDREMIT is a digital money transfer company that allows individuals to send and receive money internationally.
It was founded in 2010 and is headquartered in London, UK, with offices across the world.WorldRemit offers a variety of payment options, including bank transfers, mobile money, and cash pick-up, and supports more than 130 currencies.
The platform allows users to make and receive payments through various channels such as online, mobile apps, and in-person at agent locations.
Its digital platform offers a user-friendly experience and is accessible from anywhere in the world.
EVERSEND
EVERSEND is a financial technology company based in Africa that offers a multi-currency e-wallet, virtual debit card, and mobile money transfer services.
Eversend's e-wallet allows users to hold multiple currencies and make transactions in different currencies at competitive exchange rates.Its virtual debit card can be used for online purchases and payments, while its mobile money transfer services allow users to send and receive money across different countries in Africa.
SENDWAVE
SENDWAVE is a financial technology company that offers mobile money transfer services primarily in Africa and Asia.
The company's mission is to provide affordable and accessible financial services to people who are unbanked or underbanked.The app also allows users to pay bills, buy airtime, and make other types of payments.
Transactions can be made in local currencies, and the app provides competitive exchange rates.
Wave is a popular mobile money transfer service in several countries in Africa and Asia, including Senegal, Ivory Coast, Ghana, Tanzania, Uganda, and Kenya.
CHIPPER CASH
CHIPPER CASH is a financial technology company that provides mobile-based cross-border money transfer services in Africa.
The company was founded in 2018 and has its headquarters in San Francisco, California, USA, and operations in several African countries including Ghana, Nigeria, Uganda, Kenya, Rwanda, Tanzania, and South Africa.Chipper Cash allows users to send and receive money across different African countries in local currencies, with no fees charged for transactions.
The platform also provides services such as bill payments, airtime top-ups, and virtual debit card issuance.
One of the unique features of Chipper Cash is its ability to integrate with mobile money platforms, which are prevalent in many African countries.
This enables users to access a wider range of financial services and to transact with people who may not have bank accounts.
The company has gained popularity in Africa and has received investment from several high-profile venture capital firms, including Jeff Bezos' personal investment firm, Bezos Expeditions, and Ribbit Capital.
