Learn about how Bitnob is the best way to easily send money within Africa.
Africa as a continent has not been having it easy when it comes to sending money within Africa. The solutions we’ve been provided with have conditions like waiting for hours for settlements and, also making the charges inconveniently high.
Just in 2022, it was recorded by the World bank that remittances to Nigeria and other sub-Saharan African countries hit $53 billion. Even at that, Africans couldn’t make these transactions at optimum satisfaction. As a result, we are always on the lookout for a solution that allows us to transfer quickly, easily, and at cheaper rates.
Bitnob recently launched a direct transfer feature that allows people to easily send money within African countries such as Ghana, Togo, Rwanda, Senegal, Ivory Coast, Benin Republic, Nigeria, and Kenya.
So far, I have witnessed some mind-blowing use cases. An example of this is when someone in Nigeria paid for her friend’s cupcakes in Kenya and it went through in seconds. Click here to see the live demo. I have never seen a cross-border transaction as fast as that.
Also, cross-border payments boost international trade by allowing African businesses to tap into another set of customers internationally. Moreover, it enables them to grow and take charge of the global market. By taking advantage of the direct transfer on Bitnob, they are now open to seamless expansion.
How to Transfer Money Between African Countries on Bitnob
To directly send money into someone’s bank account or mobile money wallet, you are required to download the Bitnob app. You need to verify your account and fund your USD wallet, and you can then follow these easy steps to make transfers between the supported African countries:
- Tap on the “Transfer” button on the Quick links section of the homepage
- Tap on “Transfer to Bank or Momo”
- Tap on “Change currency” to select the country of the account or mobile money wallet you want to transfer money to
- Fill out the amount you’d like to transfer, then tap on “Continue”
- Select the account or mobile money provider and fill out the details of the account your want to send money. If this person would be someone you intend to send money often, tap on “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 tap “Proceed” to initiate payment to the account or mobile money wallet.
And there you go, you just made a seamless cross-border transaction!
What If the Recipient does not have the Bitnob app?
While it is excellent to refer your friends to use Bitnob, it is also quite essential to mention that whoever you want to transfer money to from the Bitnob app does not need to have the app. All you need is their local bank details or mobile money number depending on where the recipient is.
This means that, if you are in Kenya and you want to transfer money to your supplier in Nigeria or any of the supported African countries, the money goes straight to their bank accounts or mobile money wallets.
Ready to start sending money seamlessly within several African countries? Click here to get started.