The Top Money Transfer Apps for Sending Money to Africa
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June 2, 2023If you plan on travelling internationally, you’ll need a reliable and secure way to transfer money across borders. Fortunately, there are some reliable money transfer apps available that will make your trips smoother.
See our recommendation for European & International Destinations below.
(A) FOR EUROPEAN DESTINATIONS
If you’re planning on travelling to any country in Europe, we recommend the following money transfer apps:
(1) TransferGo
TransferGo is a registered and licensed payment service provider regulated by the UK Financial Conduct Authority. The service primarily focuses on the European market, making it an ideal choice for travellers. TransferGo charges a fixed transfer fee, as well as a currency conversion fee between 0.6% and 1.5% per transaction. This makes it an affordable option for those who need to transfer money frequently while travelling.
(2) Rapidtransfer
Rapidtransfer, on the other hand, is a mobile application allowing individuals to remit money to beneficiaries in any of the 33 African countries Ecobank operates. The app operates through a payment card for funding, with funding options set to expand in the future. While it may not be as useful for those travelling within Europe, it is a great option for those who need to transfer money to Africa while on the go.
Both TransferGo and Rapidtransfer offer secure and convenient ways to transfer money while travelling. So, whether you’re exploring the historic streets of Paris or soaking up the sun on the beaches of Greece, these apps are sure to be your best friend on your European adventure.
(B) FOR INTERNATIONAL DESTINATIONS
If you’re planning on travelling internationally, we recommend the following money transfer apps:
(1) Wise
Wise is our best recommendation when it comes to money transfer apps for international destinations.
Wise, formerly known as Transferwise, is a global fintech solution that provides a convenient and secure means for cross-border money transfer across different countries and currencies. With over 10 million users in 170+ countries, Wise is a popular choice for organisations, immigrants, freelancers, and travellers alike. Some of the features and benefits of Wise include cheaper money transfers to over 80 countries across the globe, internationally accepted debit cards for ease of payments, and the ability to spend or withdraw cash at competitive rates in over 200 countries. Wise also offers 2-factor authentication for more secure transactions and the ability to hold, convert, and save in multiple currencies.
The fantastic thing about Wise is how simple, fast, efficient, and cheap it is.
Wise is such a simple way to make bigger international payments as well like rent, and large purchases.
So whether you are trying to send or transfer money, Wise has been the quickest, cheapest, and most efficient way we’ve seen that goes directly to your bank.
(2) Worldremit
WorldRemit is available to senders in 50 countries, including Bangladesh, India, Indonesia, Malaysia, Nepal, Pakistan, Philippines, and Singapore, and can be used to send money to recipients in over 120 countries. The service primarily targets expatriates and migrant workers communities, making it an ideal choice for those who are travelling abroad for work or to visit family. WorldRemit has also been experiencing significant growth in recent years, with $175 million in Series D funding raised in 2019 from Leapfrog, TCV, and Accel.
Whether you’re travelling for work or pleasure, Wise and WorldRemit are two of the best money transfer apps for international travellers. With their affordable fees, fast transfer times, and secure transactions, you can rest assured that your money will arrive safely and quickly no matter where your travels take you.
Have a Stress-free International Trip!