Which is the best way to send money to Kenya from the Diaspora? This is a question that most Kenyans, business people, and relatives ask when they want to send money back home and they don’t know how.
Thanks to technology and hundreds of fintech companies today, the world has become a global village where people can send money from one continent to the other with no hassle.
How to Send money to Kenya
In this article we are going to look at some of the best and most popular was used to send money to Kenya from the Diaspora.
Traditionally, some of the platforms such as Western Union and Moneygram were the only options that people had and even so, it almost took forever for the transactions to be completed.
Today things have changed drastically since money can be sent in real time to the mobile phone of the recipient thus eliminating the delays that come with bank transfers.
Even conventional platforms such as Western Union have bought into the new technology which is fast, efficient and convenient. Without wasting more time, let’s jump into the list of the 10 best ways to send money to Kenya from the Diaspora.
If you are looking to send money to Kenya from the diaspora wave is another popular money transfer service that you can use. The Wave money transfer App is also convenient if you are looking to send money to other parts of East Africa.
It is also important to note that the service is free if you are sending money to East Africa from countries like the UK and the USA. The platform is as easy and simple as it can get but equally secure.
All you need to do is enter your recipient details and the amount you want them to receive and boom all is done. The recipient will receive their money almost immediately on their mobile phones.
World remit is one of the most convenient and one of the most popular ways you can send money to Kenya safely. This platform allows you to either send money to the recipient’s bank account or their mobile M-Pesa wallet.
The money can be withdrawn in less than 24 hours making it more convenient than traditional methods of sending money. You can send money using the World Remit online platform which is easy to use.
Ones you have sent the money, you and your recipient will be notified using an email and SMS when the transaction is complete.
Although transfast is one of the oldest money transfer platforms in Kenya, having been in business for more than 25 years, people seem not to know much about it.
Transfast allows for direct money transfers to banks in Kenya including DTB, Ecobank, Barclays, and Standard Chartered. You can also send money directly to the recipient’s M-Pesa wallet using the transfast platform.
Skrill is another popular online money transfer platforms that allow you to send money to any part of the world conveniently. You can use the Skrill app or the skrill online platform to get their money transfer services.
Skrill is a preferred service, particularly because it only takes a maximum of 3 hours to send money from one corner of the continent to the other making it one of the fastest ways to transfer money.
What’s more, you can even send money directly to the M-Pesa account of the recipient in Kenya. The charges of sending money using skrill are relatively low and depend on the amount of money you are sending.
Almost everyone knows Western Union because some years back it was the only option that most people had to send money to Kenya.
Although Western Union has been around for more than a century in the Money transfer business, make no mistake of thinking that their services are slow. As a matter of fact, it is one of the fastest ways to send money to Kenya from the diaspora.
A few months ago, Western Union in partnership with M-Pesa Global launched a partnership that would facilitate the transfer of money globally. The good thing about Western Union is that it has options that you can choose from.
You can either choose to send money online, in-person, through the mobile app or through M-Pesa. You only need to register for a free account and benefit from a variety of money transfer services that they offer.
Paypal has never disappointed when it comes to digital money transfer and with their Xoom platform, their service just became a whole lot better. Xoom allows you to send money to Kenya and other parts of the world in minutes.
It is also one of the most convenient and most secure ways of sending money. You can also pay utility bills for family and friends back home and reload their prepaid phones instantly right from your phone. Xoom sends instant SMS updates on your phone to track your transaction.
I have been working online for quite some years and so I have some experience with these money transfer platform and I definitely have my favorites and Payoneer is one of them.
Don’t get tired of me mentioning that each service in the list is one of the fastest. I have prepared a list for you of the fastest and most reliable platforms so now back to the article.
Payoneer is, in fact, one of the quickest money transfers you can use to send money to Kenya from the Diaspora.
Payoneer is however when it comes to opening an account with them so make sure you are using genuine personal identifiers when applying for an account.
Use a genuine National ID, Passport, Bank Details, Driving license and just about any document that they request for, make sure its original.
If you are looking for an affordable way to send money to Kenya or to your relatives, useremit should definitely be one of your options. They have among the most favorable rates in the market and their service is almost instantaneous.
They send notifications to both the sender and the recipient to allow for easy tracking of the transaction in case of any hiccup. You can opt to send the money to the recipient’s bank account or M-Pesa wallet.
This is also one of the oldest ways of sending money to Kenya from the diaspora. Moneygram has over 2000 agents in different parts of Kenya where Kenyans can send and receive money to and from people in the diaspora.
Although their digital money transfer is fast, the process of collecting the money can be inconvenient especially if you are receiving money meant for emergencies. This is because you have to visit a Moneygram agent to get the money.
On the contrary, other platforms send money directly to the mobile phone of the recipient which is more convenient.
How MoneyGram works
- Visit a MoneyGram agent with some identification, e.g. a passport and fill in a short simple form.
- Pay the amount of money you want to send plus the MoneyGram service fee.
- You will be given a MoneyGram reference number.
- Contact the person receiving the money and give them this number.
What does the recipient in Kenya require to receive money via MoneyGram?
- Request the money transfer reference number from the sender.
- Visit a MoneyGram branch with acceptable identifications
- Provide the reference number and complete a simple form
- You will be issued with the money
Final in our list is the safe and secure RIA money Transfer platform. RIA is a relatively quick money transfer option that you can use to send money to Kenya. Transactions will be received directly as specified either by M-Pesa or through bank transfers.
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