Remitly is a financial technology company that provides a digital money transfer service. The company allows people to send money to family and friends in other countries using their website or mobile app.
Remitly operates in over 20 countries and offers its services in more than 40 currencies. The company’s platform uses a combination of its own digital infrastructure and partnerships with banks and other financial institutions to provide fast and secure money transfers.
Customers can choose between two types of transfers: express or economy. Express transfers typically arrive within minutes, while economy transfers take 3-5 business days to arrive.
Remitly also offers a variety of payment options, including bank transfers, debit cards, and credit cards.
It aims to make international money transfers faster, more affordable, and more transparent than traditional methods. The company charges a flat fee for its services, which is often lower than the fees charged by banks and other money transfer companies.
Sending money from abroad to M-PESA, the mobile money platform widely used in Kenya, can be a daunting task for many people. However, with the advent of digital remittance services such as Remitly, the process has become much simpler and convenient.
In this article, we will explore the step-by-step process of how to send money from abroad to M-PESA via Remitly, and highlight some of the benefits of using this platform for international money transfers.
Whether you are sending money to family and friends in Kenya or conducting business transactions, this guide will help you navigate the process of transferring money from abroad to M-PESA using Remitly.
How to send money from abroad to M-PESA via Remitly
- Create an account on Remitly’s website or mobile app and provide the necessary information, such as your name, address, and bank details.
- Enter the recipient’s Mpesa 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 Mpesa account within a few minutes.
Advantages of using Remitly
There are several advantages to using Remitly to send money to Kenya. They include.
Fast and convenient
Remitly offers fast and convenient money transfer services to Kenya. You can send money from your phone or computer, and the funds can be delivered within minutes.
Competitive exchange rates
Remitly offers competitive exchange rates, which means that you get more Kenyan shillings for your dollar. This can save you money on your transfer fees and help you get the best possible rate for your transaction.
Low transfer fees
Remitly charges low transfer fees, which means that you can send more money to Kenya without paying high fees.
Flexible payment options
Remitly offers flexible payment options, including bank transfers, debit card payments, and mobile wallet transfers, making it easy for you to choose the option that works best for you.
Secure and reliable
Remitly uses advanced security measures to protect your personal and financial information, and the platform is also licensed and regulated by financial authorities, providing you with peace of mind when sending money to Kenya.
Excellent customer service
Remitly has a dedicated customer service team that is available 24/7 to assist you with any questions or concerns you may have about your money transfer to Kenya
Remitly FAQs
What is Remitly?
Remitly is a digital money transfer company that allows users to send money internationally. The company operates in over 20 countries, including Kenya.
How do I send money with Remitly in Kenya?
To send money with Remitly in Kenya, you’ll need to create an account on the Remitly website or app, select Kenya as your recipient country, enter the amount you want to send, and choose a payment method. You can pay with a bank account, debit card, or credit card.
How much does it cost to send money with Remitly in Kenya?
The cost of sending money with Remitly in Kenya depends on the amount you’re sending, the payment method you choose, and the exchange rate at the time of the transfer. Remitly’s fees and exchange rates are transparent and are displayed before you make the transfer.
How long does it take to send money with Remitly in Kenya?
The time it takes for your recipient to receive the money you’ve sent with Remitly in Kenya depends on the payment method you choose. With the Express option, the money is usually available within a few minutes. With the Economy option, it can take up to three business days.
What are the limits for sending money with Remitly in Kenya?
The maximum amount you can send with Remitly in Kenya depends on your account status, your payment method, and the recipient’s country. You can view your limits on the Remitly website or app.
Is Remitly safe to use in Kenya?
Remitly takes security very seriously and uses industry-standard encryption to protect your information and transactions. The company is also regulated by the Central Bank of Kenya and is licensed to operate in Kenya.
How do I track my transfer with Remitly in Kenya?
You can track your transfer with Remitly in Kenya by logging in to your account on the Remitly website or app. You’ll be able to see the status of your transfer and receive updates on when the money has been sent and received.
