Learn how to effortlessly send money from Kenya to Rwanda using Bitnob. Discover a secure, efficient, and cost-effective way for international money transfers
Cross-border payments are now essential for running a business and keeping in touch with loved ones globally. However, sending money across African borders faces challenges due to different banking regulations. This also affects the possibility of sending money between Kenya and Rwanda.
In this article, we will explore how Bitnob provides a solution to get around these obstacles by offering a simplified approach to cross-border transactions and walk you through a step-by-step guide on how to send money from Kenya to Rwanda.
Bitnob: The Best Way to Send Money From Kenya to Rwanda
Bitnob is dedicated to overcoming the challenges associated with cross-border payments in Africa by offering an affordable, accessible, and convenient solution. Our platform facilitates instant and secure money transfers, including transactions from Kenya to Rwanda. Here are the compelling factors that position Bitnob as the premier choice for sending money between these two African countries:
Affordable Fees
In 2019, the average cost of cross-border transfers to Africa stood at 8.9%, surpassing the global average of 6.8%. This expense places a considerable burden on families and small enterprises dependent on these funds, hindering their financial stability.
Bitnob stands out with its exceptionally low fees, charging between $0.20 to 1% of the amount being sent. This rate is significantly below the average cost of remittances in Africa, ensuring users enjoy cost-effective money transfers. Additionally, competitive exchange rates are provided, maximizing the value of each transaction.
Accessibility
Bitnob is accessible to anyone in all supported countries, bridging geographical gaps and enabling even those in remote areas to send and receive money effortlessly. You can make transactions in local currencies, eliminating the need for currency conversions and further reducing overall transaction costs.
Robust Security Measures
Committed to compliance with relevant regulations, Bitnob prioritizes user security. Stringent security measures are in place to safeguard both user data and funds, ensuring a trustworthy and secure environment for cross-border transactions.
How to Send Money from Kenya to Rwanda with Bitnob
The first step is to download Bitnob and get verified, but before we dive into the simple steps of sending money from Kenya to Rwanda, let’s look into how to deposit funds into your newly registered Bitnob account in Kenya:
Step 1: Tap Deposit in the Quick Links section and choose the Fund with Local Currency Option.
Step 2: Tap the Change currency button and choose Kenya [KES]
Step 3: Enter the amount you want to fund your wallet with, and you will automatically get the equivalent in USD
P.S. Make sure you have a Mobile Money wallet you can fund from.
Step 4: When you are done filling in the amount, Tap “Continue” and follow the prompts to complete your Deposits.
Once your funds have been successfully settled in your Bitnob account, you can now proceed to follow these easy steps on how to send money from Kenya to Rwanda;
- Tap on the “Transfer” button on the Quick Links section of the homepage
- Tap on “Transfer to Bank or Momo”
- Make sure the currency is set to Rwanda [RWF]
- Fill out the amount you’d like to transfer, then tap on “Continue”
- Select the Mobile Money Provider and fill out the details of the account you want to send money. If this person is someone you intend to send money to often, then, tap “Save as beneficiary” to make the person a beneficiary.
- Tap on “Proceed to Transaction Note” to add a note on the transaction
- Review the transaction summary and then tap on “Proceed” to initiate payment to the account or mobile money wallet.
Bitnob also allows you to send money between 8 different African countries, helping individuals and businesses send money easily for personal and commercial reasons.
Bitnob is in Kenya
There's more to Bitnob than just sending money from Kenya to Rwanda. Bitnob's presence in Kenya opens up a world of possibilities for users to fully explore the app's features without limitations. You have the flexibility to fund, transfer, and withdraw from your wallets using popular Mobile money merchants such as M-PESA, TKASH, and Airtel Money. This enhances convenience and empowers you to seamlessly use your money across Africa
Moreover, Bitnob offers additional features, allowing users to:
- Create virtual dollar cards for hassle-free online shopping.
- Engage in the buying, selling, and saving of bitcoin.
- Purchase gift cards for various purposes.
- Top up airtime and data effortlessly.
Ready to experience the ultimate solution that simplifies your financial transactions in Africa? Take the first step by downloading Bitnob to get started today.