WorldRemit is an online money transfer service that allows people to send money to individuals and businesses in different countries around the world. It was founded in 2010 and is headquartered in London, UK.
The service is available in over 130 countries and offers various transfer options including bank transfers, mobile money transfers, and cash pick-ups. Customers can also make payments for bills and utilities using the WorldRemit platform.
To use WorldRemit, customers need to sign up for an account on the website or mobile app, and provide the details of the recipient including their name, country, and preferred method of receiving the money.
The sender can then choose the amount they want to send and the payment method.
WorldRemit offers competitive exchange rates and low fees, which are often lower than traditional banks and other money transfer providers. The service also provides a tracking system that allows customers to monitor the status of their transfer in real-time.
In addition to its money transfer services, WorldRemit also offers a range of educational resources and tools on its website, including country guides, exchange rate calculators, and currency converters, to help customers make informed decisions when sending money abroad.
In today’s globalized world, it’s become more common for people to live and work in different countries than where they were born. As a result, the need to send and receive money across borders has grown exponentially.
For those in Kenya, M-PESA is a popular mobile money service that allows people to transfer money, pay bills, and purchase goods and services using their mobile phones.
However, for those living abroad who want to send money to friends and family in Kenya via M-PESA, the process can be complicated and expensive.
Enter WorldRemit, a global online money transfer service that provides a simple and affordable solution for sending money to M-PESA from abroad. In this article, we’ll explore how WorldRemit works, its benefits, and how it compares to other money transfer services
How to send money to M-PESA using WorldRemit
- Create an account on WorldRemit’s website or mobile app and provide the necessary information, such as your name, address, and bank details.
- Enter the recipient’s M-PESA mobile number and select Kenya as the destination country.
- Choose the amount of money you want to send and select your preferred payment method.
- Review the transfer details, including the exchange rate and fees, and confirm the transaction.
- The money should be credited to the recipient’s M-PESA account within a few minutes.
Advantages of using WorldRemit
Here are some of the pros of using WorldRemit to send money to M-PESA from abroad.
Convenience
WorldRemit provides a simple and convenient way to send money to M-PESA accounts from the comfort of your home or office. You can initiate a transfer online or through their mobile app, and the money is delivered instantly or within a few hours.
Competitive exchange rates
WorldRemit offers competitive exchange rates for international money transfers. This means that you get more value for your money compared to other money transfer services.
Low fees
WorldRemit charges low fees for international money transfers. The fees vary depending on the amount of money being sent and the destination country, but they are generally lower than those charged by traditional money transfer services.
Fast transfers
WorldRemit offers instant or near-instant money transfers to M-PESA accounts in Kenya. This means that your recipient can receive the money quickly, which is especially important in emergency situations.
Secure
WorldRemit uses state-of-the-art technology and encryption to ensure the security of your money transfers. They also comply with strict anti-money laundering regulations to prevent fraud and illegal activities.
Multiple payment options
WorldRemit offers multiple payment options, including debit and credit cards, bank transfers, and mobile wallets. This makes it easy for you to choose the most convenient payment method for your transfer
Disadvantages of using WorldRemit
There are a few potential disadvantages of using WorldRemit to send money to M-PESA from abroad. These include;
Fees
WorldRemit charges fees for their service, which can vary depending on the amount of money being sent, the destination country, and the payment method used. These fees can add up, especially for smaller transfers.
Exchange rates
WorldRemit may also offer less favorable exchange rates than other options, which means that the recipient may end up with less money in their M-PESA account than they would if the sender used a different transfer method.
Limits
WorldRemit may impose limits on the amount of money that can be sent or received, which could be an issue for larger transactions.
Availability
WorldRemit may not be available in all countries or regions, which could limit its usefulness for some users.
Transfer speed
Depending on the payment method used, it may take several days for the money to be transferred to the M-PESA account, which could be an issue if the recipient needs the funds urgently.
Customer service
Some users have reported issues with WorldRemit’s customer service, including difficulty reaching representatives and slow response times.
WorldRemit FAQs
What is WorldRemit?
WorldRemit is a digital money transfer service that allows you to send money to over 130 countries around the world, including Kenya.
How can I send money to Kenya using WorldRemit?
To send money to Kenya using WorldRemit, you can follow these simple steps:
- Create an account on the WorldRemit website or mobile app.
- Choose Kenya as the destination country and select the payout option (cash pickup, bank transfer, or mobile money).
- Enter the amount you wish to send and pay for the transfer using your preferred payment method.
- You will receive a confirmation email once the transaction is complete.
How long does it take to send money to Kenya with WorldRemit?
The delivery time for your transfer to Kenya will depend on the payout option you choose. Cash pickups are usually available within minutes, while bank transfers and mobile money transfers can take up to 24 hours.
What is the maximum amount of money I can send to Kenya with WorldRemit?
The maximum amount you can send to Kenya with WorldRemit depends on the payout option you choose. Cash pickups are usually limited to KES 70,000 per transaction, while bank transfers and mobile money transfers can vary depending on the recipient’s account and other factors.
What are the fees for sending money to Kenya with WorldRemit?
The fees for sending money to Kenya with WorldRemit can vary depending on the amount of money you send, the payout option you choose, and other factors. You can check the fees on the WorldRemit website or mobile app before completing your transaction.
What documents do I need to send money to Kenya with WorldRemit?
You will need to provide your identification details, including your name, address, and date of birth, to send money to Kenya with WorldRemit. The recipient will also need to provide identification and other details depending on the payout option you choose.
What happens if my transfer to Kenya is delayed or not received?
If your transfer to Kenya is delayed or not received, you can contact WorldRemit customer support for assistance. They will investigate the issue and help you resolve it as quickly as possible.