Clever money on mobile solutions for Africa

Clever Money on Mobile Solutions For Africa

Send money on mobile - our 5 providers

Each year, billions of dollars are transferred to various countries using remittance services (e.g. money on mobile). According to a new report released by the United Nations International Fund for Agricultural Development (IFAD), migrants from developing countries sent home $445 billion in 2016. This amount is expected to rise by another $5 billion this year.

For many years, migrant workers who wanted to send money back to their home countries had a limited choice when it comes to remittance service providers (RSPs). However, today, there are many options available to anyone who wants to send funds anywhere in the world (read my article "International money transfer app needed for India, Middle-East or Africa?".

In the past, cross border transactions were often complicated and expensive.

In our today’s world there are many people living, studying or working abroad. For a wide range of reasons:

  • Refugees
  • Migrants
  • Students
  • Ex Patriots

Poverty, misery, war and terror influence the life of many people. Many families leave their homes and never know if they will ever come back.

For all of us it is essential to have the right tools on hand for the managing our small or big amounts of money. For people abroad it is even more essential.

International money transfers are a key element for many of us. To trust in the services and to give money to somebody with the aim to send it to somebody else, this has always to be done in the right way.

Mobile money helps African refugee family

Key Findings:

Money on mobile transfers allow instantaneous, secure and cheap money transfers for people abroad (e.g. refugees, migrants, students, ex-pats, etc) to support their family or friends at home.

Ghana: a Story of Success for Mobile Remittance Services 

In recent years, mobile money has experienced unprecedented growth in sub-Saharan Africa. While Kenya is the most often cited example of this mobile cash transformation, Ghana is making huge strides. It now holds the mantle of the fastest growing mobile cash market.

The registered accounts in the nation have grown six-fold between 2012 and 2017. The experience of Ghana with mobile money has helped to show that mobile technology can be used to bring about financial inclusion in Africa.

The Data

Mobile money applications in Ghana

In Ghana, mobile cash services have become a favorite banking option for those underserved by the banking sector. A recent survey shows that access to financial services amongst adults rose from 41% to 58% from 2014 to 2017. This is mainly due to increased access to mobile accounts. About 20% of current digital wallet users were previously unbanked. Mobile accounts account for almost 40% of the formal account holders compared to just 13% in 2014.

Besides that, by reducing the time that it takes to conduct a transaction and associated costs and risks, mobile money solutions meet the needs of the vulnerable better. This is especially useful for small-scale farmers. While accessing financial services in rural areas is still low, the figure has almost doubled since 2011. It has grown from about 26% to about 51% today. Today, almost 40% of payments for small-scale agriculture produce are conducted through a formal channel, which is often a mobile money account.

The Rapid Rise of Money on Mobile Payments in Ghana

There are many reasons why money on mobile accounts has grown so much here. Firstly, mobile devices penetration is high at about 128%, which makes it easy to use these services. It is especially so in rural areas. Second, the perfect mix of consumer actions and a great regulatory environment has made penetration easy.

While Ghana can boast about a great mobile money network today, it actually struggle in the early years. Originally, regulation for branchless banking, which was established in 2008, was stifling. It imposed rules and requirement, which kept away most investors. The regulation was based on the perceived high risk of letting non-bank players like mobile network to operate e-money networks. There were also fears that it would have a negative impact on the stability of the banking industry.

When no signs of growth could be seen, the bank of Ghana with help from CGAP engaged stakeholders and they reexamined the legislation to secure the future of money on mobile. The new rules created a more flexible legal environment. This allowed new player to provide financial services while also leaving more room for experimentation.

Important Initiatives in Ghana’s Money on Mobile Market

Besides creating a better regulatory environment, Ghana made other reforms to support the development of mobile money. One of the most important developments was the growth of the distribution network from about 6000 agents in 2012 to over 150,000 in 2015. It made it possible for more cash-in cash-out operations to take place while also making it more convenient to use mobile money.

In May 2018, Ghana became one of the first countries to launch an interoperable system. This meant that different service providers could now be used for transactions. Payments made through the system reached 57 million US dollars by March 2019. With E-zwich card being introduced, it is going to ease recognition and using payment solutions for all the cardholders.

Adoption of money on mobile is growing but is still limited by the acceptance of merchants. Thus far, 2.7 million cards have already been distributed and 7.7 million transactions have gone through. These transactions represent 2% of the nation’s GDP. However, many people still only use it for immediate cash-out. About 53% of them have some residual value.

Most people in Ghana use their mobile wallets for P2P transactions. According to data from the bank of Ghana, all transactions were valued at 29 billion dollars in 2017, compared to 6.5 billion in 2015. Gradually, the goods accessible via mobile money have grown to include credits, payment of public bills, and even salaries.

Government to People is the Next Step

For mobile cash growth to be sustainable, the next step is to digitize government services. Majority of these services are still paid for in Cash. By digitizing these payments, it will broaden the government’s tax base while growing their formal economy. This will also go a long way in supporting efforts for financial inclusion.

A good example of this is the nation National Health insurance Authority. The authority has a role of ensuring access to basic health services for all Ghanaians. By the end of 2018, there were about 11 million people taking part in the system. Renewals have to be done in person or at the district office. The process sometimes took as long as 11 hours, which slowed down coverage. It then leveled off at about 30%. With the support of various international partners, a user-friendly platform was created that makes it possible for renewals to be done via mobile money. The aim is to reach as many people as possible via a simple message and interface, which was easy for ordinary people to understand.

As with any program, the NHIA program faces various challenges. However, the use of technology has made it possible to address some logistical challenges. Today, about 54% of renewals take place with the aid of mobile money. This mobile money reduced queuing at the district offices.

Other Impacts of Mobile Technology

Another aspect of the digital push includes verifying the identity of the member at the healthcare facility and notifying users when a claim is made in their name. This has helped to flag incidents of potential fraud. By increasing the digital renewals as well as authentication, it has helped to increase revenue while cutting back costs. This could potentially lead to a 25% reduction in the annual deficit.

Its success and sustainability will depend on the ability to grow adoption amongst workers in the informal sector as well as coverage in rural areas. The authorities will need to make the process as simple and user-friendly for it to succeed.

Ghana is frontrunner for mobile money applications

Embracing Innovation

Ghana is a good case of a government being committed to creating a framework that supports innovation. These solutions increase access to financial services like mobile-based pension schemes and health insurance. More people who were previously unbanked can now access micro-loan services. Users will also be able to earn interest when they use digital savings accounts, with interests paid to holders of mobile wallets amounting to 4.5 million US dollars in 2016. We are eager to present such examples on this site about money transfer apps.

However, Ghana faces the challenge of limited literacy in finance. Many who use digital credit products do not fully understand their rights and obligations they have as consumers. Sometimes they become victims of predatory lending habits. In the future, the consumer protection watchdog will need to deal with consumer protection issues. The African Developments bank has already created a few pointers that the Ghanaian government can use.

Key Findings:

Ghana is the fastest growing mobile money market in Africa. It has achieved this position by government backed activities for financial inclusion of the poor and unbanked people. Now a large part of the population benefits from the mobile money services.

Second example: The Mobile Money Market of Uganda

Today, Uganda’s mobile money market is the second largest in Africa. money on Mobile has seen a lot of growth since it was introduced in 2009. The business model involves a partnership between a mobile money operator and a bank. The service is thus far restricted to domestic remittances.

By December 2014, there were more than 18 million people using mobile money in Uganda. By 2015, there were about 64 million transactions per month with UGX 2.1 trillion transactions taking place in the last quarter of 2015. The product has played a great role in improving financial inclusion in the nation.

Regulation of Mobile Money

The Financial Institutions Act of 2014 regulates mobile money transactions. Thus, all mobile money operators need to receive clearance from the Central Bank. If they do not have a license, they have to collaborate with a licensed operator. Mobile money operators have to hold an escrow account with an amount of equivalent value to what they sell to customers.

Working with the UCC

The Uganda Communication Commission has to license all mobile money operators that wish to use the telecommunication network for money on mobile. Besides that, the UCC has to ensure that there is an available network for mobile money services to work.

The Future of Mobile Money in Uganda

Mobile money ises in Uganda

It is safe to say that mobile money will be part of the National Payment System in the future.

The Bank of Uganda Act was amended to give power to the Central Bank to regulate and supervise payments.

With this change, mobile money operators are now recognized as payment services providers.

Third example: The Mobile Money Market of Zambia

Mobile phone usage has continued to grow in Zambia, which has led to the growth of mobile cash services. With these services, Zambians are able to send and receive cash via their mobile phone. With cell networks expanding, more Zambians are being reached by these services when they previously had no access to formal financial services.

For people living on islands or other remote regions of Zambia, low-income customers can now get funds, pay bill and store value via their phone. A growing network of retail agents has also helped to increase the adoption of this service.

While the use of mobile cash has expanded, it has raised various regulatory issues. Policymakers are working to ensure that these services are delivered in a responsible manner. The service is easy to use, safe, and secure.

Why Mobile Cash Services Matter

East Africa has provided a good example of how money on mobile services can help to transform families and increase their incomes. Zambia, like many other African nations, is watching and learning. The nation is ripe for these services. It has a huge mobile penetration of about 77% and cell towers are rapidly expanding in the nation.

There is already regulation in place for mobile money users and customers and policymakers and regulators are working to deepen penetration and create opportunities. The government already has the National Financial Inclusion Strategy 2017-2022 in place to help the government expand access to mobile cash services.

The consumer protection authorities in the nation are already working to protect customers from exploitation. Various issues like transaction limits, KYC, and transparency are being worked on. The regulation is updated often to accommodate rapidly changing needs in the market. While there is still more work to be done. Zambia is on the right path when it comes to mobile cash. The government fully supports the use of money on mobile and its potential benefits.

Send money on mobile for remittances

The Role of Mobile Money for International Remittances to Africa

In African, more people have mobile phones than those that have bank accounts. As a result, when money on mobile services was first introduced in Africa, they took off in a big way. It makes it possible for an immigrant in the West to send back funds with ease to families in Africa.

Sending money through mobile services is often cheap and efficient compared to other potions. With mobile transfers, money can reach even the most remote villages of Africa. There are now many mobile cash agents, which makes withdrawing the cash quite easy. It's just the question to find the best money transfer app for your situation.

The market is quite lucrative and executives of some of the biggest telecommunications companies in Africa are embracing it. One of the first successes in this area was Kenya’s Safaricom, working in collaboration with Vodafone in the UK. Initially, the service was used for local remittances. Since then, it has expanded internationally for those in the UK to send money back to Kenya. By 2010, there were over 15.4 million subscribers using the services. This represented over half of the nation’s adult population.

First, They Ignored It

When the service was introduced, most of the financial world ignored it as some kind of gimmick. It was hard to convince banks that people outside the cities were potential customers. Mobile transactions can offer banks an easy way to reach the masses in rural areas where building a bank would not make sense.

In some regions of Africa, banks are working with telecommunication companies to roll out mobile cash services. In South Sudan, one of the youngest nations in the continent, people use mobile remittance services like MPesa of Kenya to send money back home.

Many banks in Africa are now adopting this model of business. It allows them to reach the unbanked masses without many costs. The remaining amount is held in a mobile wallet for later use. By allowing people to hold money in a mobile account, the hope is that it will later find itself in an actual account. Mobile cash operators are also working with banks to create savings accounts where users can earn interest. Banks have also begun to introduce mobile-based insurance services for their customers.

There are Still Challenges

Mobile cash services still face challenges in Africa. One reason why MPesa was able to take off so much was that Safaricom had a near monopoly of the market. However, the services have not been able to replicate such growth in other markets, where there is no real monopoly.
There is also the issue of mistrust.

Most people still trust their banks compared to getting cash via a phone. However, with phones having already been accepted in most places across Africa, banks are holding road shows to show people how mobile on money works. There is also the issue of regulation. The laws in various countries vary, which makes it hard to replicate the success of money on mobile service in different nations.

Key Findings:

The money on mobile concept allows many Africans to leapfrog traditional steps and to get better access to financial means. Sending money on mobile has become an established tool for remittances, because it's easy to handle, instantaneous, secure and affordable.

Mobile Money Vs Moneygram & Western Union Vs Peer to Peer Money Transfers

For a while, international companies like Moneygram and Western Union dominated money remittances to African. However, mobile money and peer-to-peer money transfers are changing that.

One of the main downsides to classic money transfers is that there are still huge charges for international transfers.

Peer-to-Peer transfers like CurrencyFair and TransferWire have the benefit of being quite cheap. Besides that, they allow users to pick their own currency conversion rates. As a result, they do not charge any fee. Instead, they make a profit on the difference in the exchange rate and a small fixed rate that may apply for some regions. It is why they are one of the fastest growing options for money remittances to Africa.

With many people in Africa now owning a mobile device with internet access, the use of these services will only continue to grow in the future.
However, all these services face a similar problem. The problem of illiteracy is still huge in some regions of Africa. Using these services requires some basic reading skills to use well. It can be a major problem for some people in African. However, these are surmountable odds compared to other remittance services, which used to charge a rate of as much as 15% per remittance.

Existing Mobile Transfer Services: WorldRemit and Azimo

Some of the existing mobile transfer services today in Africa include WorldRemit for those residing in the US. In Europe and the UK, services like Azimo are making money transfer easier.

WorldRemit money transfer app


WorldRemit is one of the fastest growing technology companies in the UK. The company allows users to send money overseas conveniently through the WorldRemit money on mobile app (Android and iOS) and online. The recipient will receive the money through their mobile money account, bank account, cash pick-up, or in the form of mobile airtime top-up.

Users can send money from over 50 countries to over 110 countries around the globe, with even more locations to become available in the future. Sending money through the WorldRemit money on mobile app is simple. After creating a free account, users will be asked to select the country to which they wish to transfer funds, the amount they wish to send, and how the recipient will receive the funds.

After entering the recipient’s details, users are expected to select their payment method – the company allows users to fund transfers from their bank account, debit card, and credit card. Once all the required information is provided, the company will initiate the transaction. Users are notified via text messages or email when the funds have been sent and when they have been received by the recipient.

The following mobile money providers are available for WorldRemit transfers to Ghana, e.g.:

  • MTN MoMo
  • Airtel money
  • Tigo
  • Vodafone


The pricing model is easy to understand. The charged fees increase stepwise. 


• User-friendly mobile app
• Low transaction fees
• 24/7 support


• Significant fees as transfer amount increases
• Does not allow users to send more than $2,000

Azimo money transfer app


Azimo is an international money transfer service based in London. What makes the company stand out from the competition are the number of countries they allow their customers to send money to and the several options through which the money can be delivered. The company allows users to send money to over 192 countries across the world in 80 different currencies. The cash can be delivered in different ways including mobile money, cash-pickup, mobile recharge, ATM, or having the cash delivered to the recipient’s home.

Transferring money via the Azimo money on mobile app (Android and iOS) is easy. All you have to do is provide the recipient’s details, enter the transfer amount then pay for the transfer (this can be done using an electronic bank transfer, a debit card, or a credit card).


For basic transfers to a bank account, the company charges £1. For transfers through SWIFT, the company charges £12.


• Send money to 192+ countries
• Several delivery methods
• Affordable


• Not all transfer options are available to all countries
• Slow payment processing

How to send money on mobile?

I take the example of an online money transfer with Worldremit to guide you through the different steps of sending money on mobile wallet.

1: Enter the homepage of Worldremit

2: Choose a country to send to

3: Select a service

4: Choose "receive" for receiving money" or "send" for sending money

5: Enter the amount of money which you want to transfer

6: Choose the recipient

Worldremit asks you for the following required elements of the recipient: mobile phone number, first name, last name, email address (optionally), City

money on mobile with Worldremit 2

2: Choose a country to send to

money on mobile with Worldremit 3

3: Select a service

money on mobile with Worldremit 4

4: Choose "receive" for receiving money" or "send" for sending money

money on mobile with Worldremit 5

5: Enter the amount of money which you want to transfer

Worldremit has a well made Frequently Asked Questions (FAQ) section. Just as an extract, have a closer look on:

By the way, to get a general feeling about the fast development of the African mobile money market it is worth to have a closer look on this McKinsey article about "Mobile financial services in Africa: Winning the battle for the customer". This article provides many insights about the African financial market.

PayPal vs WorldRemit for Money Transfers to Africa

PayPal vs WorldRemit: for African remittances, that’s a good question and comparison. Let’s have a closer look on it. When making an international money transfer, WorldRemit and PayPal offer you a more affordable service as compared to using your bank. Before settling on any service, however, it is imperative that you know the prominent features of the …

Read morePayPal vs WorldRemit for Money Transfers to Africa

Money laundering Africa

Money Laundering in Africa: What You Need To Know

The fintech market of money transfers is rapidely growing, but what’s about the issue of money laundering? Especially money laundering dangers in the African countries? This article shall illustrate the money laundering setting in Africa.   Money TransfersMoney transfers can occur in several ways and for many different reasons. Below is a list of the most common …

Read moreMoney Laundering in Africa: What You Need To Know

How to transfer money online

How To Transfer Money Online To Sub-Saharan Africa

Recent years have seen a significant rise in global population movement, due mainly to unstable, war-torn areas like the Middle East and an increasing level of poverty in various regions of Africa.

Refugees and economic migrants, seeking their fortunes by working abroad, are eager to share their new earnings with the relatives and friends they have left behind.

With online mobile money transfer it is now easier than ever to send money home, but it should never be rushed into without some research.

How to transfer money online: general issues

How To Transfer Money Online In Safety

There is a wide choice of online companies where people can transfer money, quickly and easily, but security should always come first. If bank account data is passed to a disreputable online money transfer provider, there is a genuine risk of theft, either of money or identity, which for asylum seekers in particular, can see them placed in greater danger.

It is easy to send money online instantly, so time spent researching a money transfer provider's credentials is time well spent.

How To Transfer Money Securely

Well established traditional banks are trustworthy and reliable due to the strict legal regulations they operate under. For complete security, opt for the online equivalent when choosing a money transfer provider. The largest companies such as Payoneer, Worldremit or Azimo are registered in London, are subject to British law, the regulations of the Financial Conduct Authority (FCA) and for tax purposes, the Inland Revenue (HMRC).

How To Transfer Money With Data Protection

Fully registered and regulated money transfer providers such as WorldRemit and TransferWise, offer secure SSL protection with data encryption. Notifications are sent for password changes and monitoring transactions.

By contrast, the Hawala system which is widely used in Arabic territories, is unauthorised by regulatory associations and does not appear to offer the same security measures.

How To Transfer Money With Peace Of Mind

When making an online money transfer to any destination, but particularly for relatively unstable regions in Africa or the Middle East, always ensure that online security measures, such as the padlock symbol, are visible. Monitor the expiry dates of security packages for smart phones, tablets and laptops, renewing them with days to spare. Limit the number of devices used with an account and always inform the provider immediately if a device is lost.

How To Transfer Money Worry Free

When transferring currency, transactions need to be completely reliable and safe. Providers such as Azimo, include extra security features to keep their users safe. For instance, they do not store sensitive data, keeping money safe even if a device is stolen.

Remember the following guidelines:

  • Take time choosing an online money transfer provider
  • Opt for a company that is regulated by law
  • Ensure there is superior SSL security
  • Check that personal data is held securely
  • Keep the security packages of devices up to date
  • Never risk making a money transfer if the security on a device has lapsed
  • If a device is lost or stolen, inform the provider immediately
  • How To Transfer Money Overseas

    The transfer of capital used to be controlled by traditional banks through high fee transactions, taking days to clear before they could be accessed. Newer currency transfer providers have sophisticated smart phone applications that can for a small fee, send money overseas at the touch of a button.

    The amount of money to be transferred, known as a remittance, arrives instantly, in most cases, at the chosen destination where the currency is automatically exchanged, making it available for immediate use.

    How To Transfer Money Internationally

    The world wide electronic transfer of currency through mobile money wallets is fast, secure and easy to use. All the major online money transfer providers have hundreds of outlets in countries across the continents.

    Popular with tourists, mobile money transfer enables those working abroad to swiftly make regular payments back to their home countries.

    How To Transfer Money

    To set up a mobile money wallet, the user registers with a mobile phone number and in return, the provider sends an SMS and personal PIN number. To transfer money, the user inputs their credit or debit card details and PIN number. Subsequent payments can be made by simply entering the pin number.

    How To Transfer Money To Another Bank Account Online

    To make an online money transfer, the sender and recipient both need to have an account with the same provider. Once the recipient has registered through the website or local authorised agent, the user then enters their bank account details and pays through their own credit or debit card. Once the transaction is confirmed by email, the money is added to the recipient's account.

    How To Transfer Money in Cash

    Senders can arrange for recipients to receive mobile money in hard currency. Most providers, including Azimo and Western Union, have thousands of local agent locations where the recipient can register to receive cash. The exact time of payment will be shown, but remember to allow for different time zones and bank holidays.

    How To Transfer Money From PayPal To A Bank Account

    PayPal is an established online money transfer money provider with outlets throughout the world including Africa and the Middle East. Mobile money in a PayPal account can be transferred to the holder's own bank account, but not to a recipient's bank account.

    To receive money from a PayPal account, the recipient must also have a PayPal account.

    How To Transfer Money Conveniently

    Online mobile money transfers from providers such as CurrencyFair, are available twenty-four hours a day, seven days a week. Transferring money is as simple as sending a text message. The progress of transactions are tracked so that senders and recipients know exactly where their money is.

    How To Transfer Money And Use It

    Online money transfer is accessible through downloadable apps from the money transfer providers. A mobile money wallet can store, send and receive money.

    Use it to transfer currency to family and friends, buy goods, pay bills (mbill), purchase mobile top-ups and even withdraw cash at designated agent locations.

    How To Transfer Money With A Transaction

    Online money providers all use similar methods for making a transaction. First download the app, select the country the transaction is destined for, select mobile money and enter the amount.

    Choose payment method and when the money has reached the recipient's account, both sender and recipient receive a confirmation email.

    Reasons To Use Mobile Online Money Transfer

    • Low Fees
    • Automatic currency exchange
    • Easy to register an account
    • Simple payment system
    • Safe and secure
    • Cash payments in thousands of local agent locations
    • Payments timed and tracked
    • Transfer between same provider accounts
    • Available twenty-four hours, seven days a week
    • Choice of reliable money transfer providers

    Choosing An Online Money Transfer Provider

    Regional and global online money transfer providers

    There are many reputable mobile money transfer providers. Ooredoo, Sendwave, Simbapay and M-Pesa are localised to African and Middle Eastern regions, but are gradually increasing their outlets to countries such as Albania and Afghanistan.

    Providers that are already international include Azimo, Currencyfair, Payoneer, TransferWise and WorldRemit.

    Western Union Money Transfer

    The American finance company, Western Union, was founded in 1851 and eventually became one of the leaders in processing international telegrams. Based in Colorado, they now provide a smart phone online money transfer app that is available twenty-four hours a day, seven days a week. Reliable and secure, they accept payments from Visa, Maestro and Master Card credit and debit cards.

    Western Union provide billions of bank accounts and charge low fees to transfer currency to mobile money wallets around the world. They have more than 500,000 registered agents' locations in hundreds of countries where a recipient can collect cash. Alternatively, use a credit or debit card to pay by phone by entering the recipient's mobile phone number.

    Online Money Transfer With Currencyfair

    Registered in Ireland, Currencyfair provide a secure market place for exchanging money internationally that results in very low fees. Currencyfair is a so called peer-to-peer (P2P) money transfer network. It is popular amongst individuals and businesses who are transferring larger amounts.

    At present, users can make exchanges between eighteen currencies including the Australian Dollar, South African Rand and the United Arab Emirates Dirham.

    The user deposits into their account the amount of money in their own currency, then chooses the currency they want to transfer to. Currencyfair matches them with a user seeking to exchange in the opposite direction, allowing the users to set their own exchange rate. As the money exchange occurs on Currencyfair, it is regarded as a domestic transfer, not an international one, reducing the fee considerably.

    Click here to get your first Currencyfair money transfer for free!

    How To Transfer Money Securely With Azimo

    Registered in London and therefore subject to British law and financial regulations, Azimo uses biometric security. They have installed additional security for downloading their mobile money app, so that a password cannot be stolen by exchanging it for another app. Azimo do not store sensitive data, leaving money safe, even if a mobile is lost or stolen.

    There is a wide choice of languages including English, German, Portuguese, Spanish, Turkish and Russian.

    Currency worth up to £3,000 can be transferred to a mobile money wallet if the recipient also has an account with Azimo. Cash payments can be received and collected at more than 200,000 agent locations and can even be included for home delivery.

    Click here to get your first Azimo money transfer for free!

    Online Money Transfer With Payoneer

    Payoneer has offices throughout the world, is licenced and regulated in five countries including the United Kingdom and the United States of America. They also have reliable connections to global companies such as Amazon.

    Payoneer has a secure, flexible platform operating in several languages, with four million account holders.

    A recipient must have a Payoneer account to receive money online. The sender pays in their own currency, which is automatically converted to that used by the recipient. Low fee transactions appear in the account holders' balances by the next day.

    Click here to earn your Payoneer Refer a Friend bonus!

    Mobile Money Transfer With TransferWise

    Although founded as recently as 2011, TransferWise has nine offices in cities such as New York, Tokyo, Tallinn and Singapore. Registered in London, they adhere to British law and are regulated by the Financial Conduct Authority (FCA). They are also authorised by the Electronic Money Institution.

    TransferWise hold accounts in twenty-eight countries and take advantage of favourable exchange rates to pass money between them, enabling them to charge very low fees.

    International money transfers are currently accessible in more than fifty countries. A sender pays into their own account and the recipient is paid from TransferWise's own account using the real exchange rate.

    Click here to get your first TransferWise money transfer for free!

    Online Money Transfer With WorldRemit

    Safe and reliable, WorldRemit money transfer provider, records and tracks every transaction and balance, keeping a user's money safe if their smart phone or SIM card is lost or stolen. Using a personal PIN number, users can send money through a Visa, Maestro or Mastercard debit or credit card.

    WorldRemit has partnerships with online payment services such as Interac and SOFORT.

    Operating in English, French and Spanish, the sender selects the country of the recipient and pays with their credit or debit card. The receiver can choose to receive payment into a WorldRemit bank account, store it on their mobile or they can collect cash from an authorised agent location. The sender can also add a mobile air-time top-up to the receiver's smart phone.

    Click here to get your first Worldremit money transfer for free!

    Local Providers:

    • Ooredoo
    • SendWave
    • Simbapay
    • M-Pesa

    Online Money Transfers In Sub-Saharan Africa

    Registered and regulated online mobile money transfer providers are transforming the world of banking. With swift, easy to use apps, high level security, flexibility and lower fees, they are helping migrant workers and refugees to provide support for their families in their home countries. An alternative banking system that's making a difference.

    For further information, check our detailed descriptions of the money transfer service providers: WorldRemitAzimoCurrencyFairTransferWise and Payoneer

    Money Transfer Apps Guide – Send your money secure, fast and at low-cost

    Money transfer app comparison of online money transfer providers

    How to wire money overseas via an app – easy, fast and at low-cost

    Speedy International Remittances to Africa and the Middle East

    Online money transfer services have revolutionised how to wire money from overseas to loved ones. Bank transfers and money transfer operators were the preferred methods of sending international remittances for a long time. However, the speed and charges associated with sending money to Africa and the Middle East were not particularly favourable, not to mention the exchange rates that factor in every transaction.

    Whether you are paying a contractor for renovations back home, clearing your sibling’s school fees or sending money for the holidays, smart apps offer the cheapest way to send money. The services vary from one provider to another, and some applications are more suitable than others.

    Why Use Money Transfer Apps

    The various web services that are available for overseas workers slash the time it takes for money to reach its destination. These apps offer convenience on multiple levels. With a mobile app, you can send money from anywhere and at any time, meaning you don’t have to take a break from work so that your loved ones can receive their tuition money in time.

    The process of how to wire money has become simpler over the years when using online apps. Customers don’t need to spend a lot of time learning how to initiate transactions on the platforms. The apps offer more than one option of funding accounts such as credit/debit cards, bank accounts or mobile wallets.

    The reduced costs associated with online money transfer services have fueled the growth of mobile apps. In instances where the recipient doesn’t have to use bank accounts, the service eliminates the various charges that accompany bank transactions like withdrawal fees or travelling to the bank.

    How to Choose a Money Transfer App

    As you research how to wire money from overseas to Africa and the Middle East, the sheer number of options out there will be overwhelming. The demand for effective currency transfer platforms has increased, and so have the providers. So, how can expats or immigrant workers find the most suitable option of how to wire money?

    The first step is to narrow down your choices to the platforms that send money to a specific country. A mobile app may offer the best rates and secure connections but not be accessible in the region where you are sending money. A service that allows banks transfers is a safe bet because it means that you can send money to any account.

    Authorisation and regulation by a recognised financial body are fundamental when picking how to wire money to the Middle East and Africa. Most providers operating in Europe will have FCA approval. However, registration with a central bank is sufficient. Always verify licenses by checking the registration number of the transfer service.

    Information security is paramount when using an online application. As you send cash to your children or parents across the globe, you want assurances that your data will not be misused. Check the security measures provided by a transfer service before signing up.

    The fees charged by a mobile app for international remittances will also determine if it is the best one for you. Typically, fees will include a standing charge and commission, which is usually a percentage. The exact amount will vary from one provider to the next. Compare at least three platforms to see what they offer. Consider deals like fee-free first transactions and ‘refer a friend’ discounts.

    Provider suggestions for how to wire money

    At, we provide several suggestions of how to wire money to and from regions in Africa and the Middle East. Our choices include:

    WorldRemit - more and more well established in the African market, supporting transfers from USA & Canada

    • Azimo - the market leader in Africa, strong for European transfers

    Transferwise - leading for remittances to India and Nigeria

    CurrencyFair - fast growing peer-to-peer network with very good service, covering many African countries

    Payoneer - leading outward remittance provider


    A money transfer app that uses the latest technology to improve transactions. WorldRemit covers 140 countries including Angola, Kenya and Ethiopia in Africa, and Armenia, Bahrain and UAE in the Middle East. The platform has a simple user interface, which is one reason it is a top choice when looking for how to wire money online.

    Customers have four alternatives for how to wire money using WorldRemit, and these are:

    a) Cash pickup – the service has pickup locations in different areas where recipients can go to get their money. The recipient will have to present identification and the transaction reference number to receive the money. Note that not every location where WorldRemit operates will have a cash pickup point, so confirm first before sending money.

    b) Bank deposit – you send money directly to the recipient’s bank account, and then an alert is sent via email or text.

    c) Mobile money – with this option of how to wire money, you send cash to the recipient’s mobile wallet using their phone number as the account.

    d) Airtime top-up – WorldRemit lets you recharge airtime for loved ones in a matter of minutes.

    Always check which of the four services are available in your country. Senders in over 50 countries can access WorldRemit.

    The sign-up process for how to wire money is simple. Senders are required to set their country from which they are sending money during the sign-up process and their mobile phone number.

    Licensing and regulations are critical considerations when picking the best smart apps to send money instantly online. WordRemit is regulated and Authorised by the FCA (Financial Conduct Authority). It has PCI compliance in line with the security standards council, which makes it a trusted online service provider.

    The fees charged for money transfer services are shown upfront so that customers don’t have to fret over hidden charges. Money transfers arrive instantly if there is no delay in the payment. Bank transfers can delay slightly, depending on the bank used.

    WorldRemit asks for the mobile number and email address of both the sender and receiver to send notifications once transfers are complete. A physical address is not asked for, not needed.

    Click here to get your first Worldremit money transfer for free!


    Azimo is certified by TÜV from Germany to ensure that the platform protects customer data. Its Visa and MasterCard verification contributes to the legitimacy of the money transfer service. Azimo is FCA authorised with coverage of over 195 countries, including several in the Middle East and Africa. You can access Azimo if you are in the Eurozone, the UK, Denmark, Switzerland, Norway and Sweden.

    The provider offers several delivery methods that senders can select when making transactions, and these are:

    a) SWIFT – an international payment network that allows you to send money to a bank account. Only selected banks have SWIFT services, so verify before using this option.

    b) Home delivery – the money transfer service takes the money to a particular address once the transactions are complete. However, the home delivery service is limited to specific regions.

    c) Mobile top-up, Mobile wallet, Cash pickups and direct-to-bank are other alternatives available to Azimo customers.

    One way to spend less with Azimo when looking for how to wire money online is the fee-free first transfer. When you download the application, the first transaction doesn’t cost you anything. You get to evaluate the functionality of the platform without incurring service charges. If you don’t have a smartphone, the website version is easily accessible from a desktop or laptop.

    The transfer tracking capabilities of Azimo apps let you keep an eye on all transactions from your account. Customers should expect regulatory checks for all transactions, which is one way that the provider guarantees secure currency transfers.

    Click here to get your first Azimo money transfer for free!


    TransferWise uses the mid-market rate when sending money from abroad, which makes it relatively cheaper than banks, which set their own rates. However, the rate is only guaranteed if the sender pays the money within 48 hours. Regular customers can sign up for rate alerts to their emails to take advantage of the best prices.

    Customers can sign in to their Transferwise accounts through Google, Facebook or email. Such convenience saves you from having to remember your account password every time you want to send money. The money transfer services ensure credibility by verifying every account so users should provide accurate personal information.

    If your transactions are business-related, the borderless account is an excellent way to send money online instantly. The account offers multi-currency capabilities- you manage 28 currencies on one platform. Customers get 4 different international bank details, which are the EUR, AUD, USD and GBP. A borderless account allows you to send money to over 50 countries, including several in Africa. The only charges incurred are for the conversion to different currencies; no monthly or receiving fees apply.

    Transferwise has recently made it possible to fund accounts using Apple Pay, which simplifies how to wire money from your bank account or credit card. The smart money app can only send money to local bank accounts, so ensure that your recipients know that. Transferwise is a bank account to bank account service, no cash or cheques.

    Because Transferwise sends to bank accounts, it operates during regular banking hours. Therefore, consider this when deciding how to wire money to loved ones. The service is suitable for customers sending to Africa. You can look up the supported currencies to see if your country receives Transferwise services.

    TransferWise is the leading provider for inward remittances to India! UK - India is one of the biggest remittance corridors worldwide.

    Click here to get your first TransferWise money transfer for free!


    CurrencyFair has iOS and Android native apps that customers can use to send money online instantly. The average transaction time for CurrencyFair transfer is 24 to 48 hours.

    The 0.4% average commission charged by CurrencyFair contributes to how much it costs to wire money back home. There is a fixed €3 or currency equivalent transfer fee. Depositing money into your CurrencyFair account is free but your bank may charge for the transaction. The money app provides live rates so you can keep up with the pricing.

    The setup process for a CurrencyFair account is only a few minutes long. You only have to signup, input the amount being set and wait for the transaction. Because it is a financially regulated service – by the Central Bank of Ireland – customers have to undergo electronic verification. CurrencyFair can ask for copies of your documents like ID and proof of address when necessary.

    CurrencyFair keeps client money in segregated accounts, which increases the security of your account. It means that an independent financial institution is responsible for guarding the money in your customer account. 2-factor authentication ensures that user information remains protected during transactions. The service provider also verifies all changes in personal data before implementing them.

    Customers get access to a history of past actions, which helps to monitor your account activities. The in-built customer support on CurrencyFair mobile apps ensures that clients get assistance on how to wire money. Besides currency transfer, you can opt to save money using CurrencyFair.

    The transfer service has partnered with international banks, which allow it to transfer money seamlessly between institutions. Expatriate with small businesses abroad can use this network of banks to collect and make payments.

    Click here to get your first CurrencyFair money transfer for free!


    Payoneer has grown into one of the biggest cross-border money transfer services in the world. Its low fees and fast transactions rival most of the online services available on the marketplace. The US-based provider has an uncomplicated platform that takes the hassle out of sending money from abroad. It also presents the ideal solution when looking for how to wire money in bulk. Say you have several recipients with different accounts across regions. Payoneer lets you transfer cash en masse, saving you time.

    With your Payoneer account, you can send money to Africa and the Middle East, into another Payoneer account, a bank account or prepaid MasterCard debit card. The global currency transfer service has a bank network that allows it to provide services in more than 150 currencies, to customers across 200 countries.

    Payoneer has multi-jurisdictional licenses to guarantee compliance in various parts of the world. A clear electronic disclosure policy is provided for clients so they can understand the permissions being granted to the online service. Payoneer is PCI compliant as well, guaranteeing a secure platform that safeguards customer data.

    Opening an account is free, and if the transaction is from one Payoneer customer to another, then it is free. The transfer service offers you a choice of withdrawing money in the same currency or a local one. When withdrawing in the same currency a fee of 1.50 USD/EUR/GBP applies.

    The options for how to wire money online are limitless given the increasing number of platforms entering the market. Whether you are an immigrant worker or expatriate sending money to Africa and the Middle East, the above smart apps present fast, secure and cheap alternatives.

    Click her to earn your Payoneer Refer a friend bonus!

    For further information, check our detailed descriptions of the money transfer service providers: WorldRemitAzimoCurrencyFairTransferWise and Payoneer

    Money Transfer Apps Guide – Send your money secure, fast and at low-cost

    Money Transfer Services

    Online money transfer services to Africa – easy and cheap!

    Money transfer services: An introduction

    Money transfer services are becoming more and more essential for our daily live.

    If you are working overseas and you want to send money anywhere in the world, including the Middle East and African countries, the last thing you want is to have to put up with technological glitches, delays, and other restrictions.

    Furthermore, it is important that you get more for your money without it being swallowed up by high fees. E.g. read this New York Times article "The Best Way to Transfer Money Internationally? Avoid Bad Rates."

    This article provides plenty of helpful information to help you choose from some of the best methods to make online money transfers hassle-free. Get access to the latest technology available with some popular financial apps just waiting for you to download.

    Money transfer services with established money transfer operators

    Western Union

    To begin with, there are the traditional financial services providers who can help you to send your money online. These include the big names like Western Union, who are one of the most well-established international communications companies based in the United States.

    What Western Union Can Offer You

    • Money transfer services to 200 plus countries
    • You can send money to a bank account or a phone
    • They have 500,000 plus agent locations to collect money


    Similarly, money transfer services are also provided by big players like Walmart with their Moneygram business. You can make online money transfers and your recipient[s] can collect the monies from one of Walmart's approved agents.

    If you choose this option, however, you need to be aware of the hours of business that agents near to your recipient operate within, in order to avoid inconvenience.

    What Walmart Moneygram Can Offer You

    • Low transfer fees
    • Online money transfer services
    • Local, approved agents are available
    • Hours of business of local agents may vary

    Money transfer services by mobile phones and apps

    While all of these methods are perfectly okay, you don't want to miss out on taking advantage of the improvements in phone app technology that make money transfer services convenient and straightforward.

    Essentially, if you have a phone the world can become just that bit smaller and more manageable whenever you want to transfer your money.

    Money transfer services have surged forward into the 21st century, with the development of some brilliant apps that can make your life less complicated, at least as far as transferring money is concerned.

    It doesn't matter where you are working in the world, anytime day or night, money transfer services apps can get your hard earned money transferred to whoever, whenever and wherever in super quick time.

    To help you get started, here are some of the most popular money transfer services phone apps available today.

    If you want to start transferring your money with ease, backed up with the peace of mind of first-class inbuilt security and reliability, then read on to see the great benefits waiting for you and download one of these apps today.


    • Super fast money transfer services
    • Quick download available for iPhone and Android devices
    • Take advantage of guaranteed rates of exchange
    • Benefit from low fees
    • A range of services available at the touch of a button
    • Services include bank deposit and cash pickup
    • Fast growing provider for remittances to African countries!

    Click here and get your first WorldRemit money transfer for free!


    • An award winning money transfer services app
    • No recipient details? No problem - send money just using a phone number
    • Take advantage of up to the minute biometric security
    • Your first money transfer is 100% free
    • Great customer support
    • You can track all your money transfers
    • Leading provider for remittances to African countries!

    Click here and get your first Azimo money transfer for free!


    • Send money anywhere in the world
    • Fast and easy money transfer services
    • Easy to make deposits to local CurrencyFair account
    • Intuitive mobile app helps you exchange funds without complication
    • Quick download for your iPhone or Android devices
    • Fast growing peer-to-peer network for African and Middle East countries!

    Click here and get your first CurrencyFair money transfer for free!


    • Easy download on iPhone and Android devices
    • You can keep track of all your financial transactions while on the move
    • You can make new money transfers anywhere in the world
    • Access records for all your previous recipients and their details
    • Repeat money transfers without needless repetition - so convenient for regular money transfers
    • Everything available at the touch of a button on your phone
    • Leading provider for remittances to India!

    Click here and get your first TransferWise money transfer for free!


    • Refer a friend programme - refer someone and get paid
    • App available in 19 plus languages
    • Handy currency comparison tool
    • Check your balance in 20 plus currencies
    • Available for iPhone and Android devices
    • Money transfer services with easy tracking of your transactions
    • Leading outward remittance provider in Africa!

    Click here and earn your Payoneer Refer a Friend bonus!

    Money Transfer Services: Conclusion

    The money you make is hard earned and you need to know that the money transfer services you access are trustworthy, with iron clad security to keep your financial transactions secure.

    Financial services apps have harnessed technological advances to best serve the modern worker, and they are perfect to meet the needs of people like you who work overseas and need to get money to every corner of the globe quickly and easily.

    Banking apps help keep you in control of your money without hitting you with high fees and are super convenient.

    Don't hesitate to download your app today to take your financial transactions up to the next level, and make your work life just that bit easier.

    For further information, check our detailed descriptions of the money transfer service providers: WorldRemitAzimoCurrencyFairTransferWise and Payoneer

    Money Transfer Apps Guide – Send your money secure, fast and at low-cost