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M-Pesa offers a range of international money transfer services to its users, allowing them to send money to over 200 countries worldwide.
With M-Pesa, you can transfer money to other countries using various payment methods, including bank transfers and mobile wallets.
One of the key benefits of M-Pesa's international money transfer services is the competitive exchange rates it offers, which can be up to 90% cheaper than traditional banks.
M-Pesa's services are also known for their speed and reliability, with most transfers being processed within minutes.
Why M-Pesa
M-Pesa is a game-changer for Kenyans, with 96% of the country having a mobile money account, making it a lifesaver for those without a formal bank account.
It's convenient, allowing users to store money on their phones securely and use it to pay bills, send and receive funds, and more.
You can use M-Pesa for cashless transactions, but also to get cash by going to an agent at an M-Pesa counter.
M-Pesa has transformed financial transactions in Kenya since its launch in 2007, providing a secure platform for financial transactions.
With millions of users, M-Pesa has become a vital part of daily life, making it easy to receive and send money within the country.
Sending Money
Sending money through M-Pesa is a straightforward process. You can send money to over 200 countries worldwide, including Kenya.
To send money, you'll need to go to the M-Pesa Global section on your mySafaricom App or M-Pesa App. From there, you can select the country you want to send money to and enter the recipient's phone number.
M-Pesa will even show you the recipient's name, making it easier to find the right person. You'll also need to enter their full name and address, as well as the purpose of the funds.
Sending money to certain countries is free, but to others, there are transaction fees. So, make sure to check on the transaction charges before sending.
Here are the steps to send money via M-Pesa:
- Go to M-Pesa Global on mySafaricom App
- Or go to Transact tab on M-Pesa App, and click Global, then click send to Mobile
- Select the country you want to send money to
- Enter the receiver's phone number
- Enter their full name and address
- Enter Amount in KES, Source and Purpose of funds
- Click next to see transaction details
- Click send
Alternatively, you can use Western Union to send money if you don't have the recipient's phone number or if you want to send to more locations worldwide.
International Shipping
You can receive money from the USA to Kenya through M-Pesa, and it's a pretty straightforward process. To get started, you'll need to choose a money transfer service that allows you to send money from the USA to M-Pesa.
Some popular options include IntaSend, WorldRemit, Remitly, Western Union, and MoneyGram. Each service has its own process, so choose one that best fits your needs. You can initiate the transfer by registering with the chosen service, selecting M-Pesa as the delivery option, and entering the recipient's mobile number and the amount to be sent.
The sender will receive a confirmation, and you'll receive an SMS notification on your phone once the funds are available in your M-Pesa wallet. The money will be credited to your M-Pesa account almost instantly, allowing you to use it for payments, withdrawals, or transfers to others.
Here are some countries that you can send money to through M-Pesa:
- Bangladesh
- Botswana
- Burundi
- Malawi
- Pakistan
- Rwanda
- Tanzania
- Uganda
- Zambia
Receiving money from the USA through M-Pesa is convenient and efficient, with no service charges typically incurred. Funds are converted into local currency at the prevailing exchange rates, allowing you to access your money without worrying about hidden fees.
International Shipping Safety
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Sending money internationally can be a bit nerve-wracking, but it doesn't have to be. Remitly uses two-factor verification to ensure safe logins and secure transactions.
With millions of users worldwide, Remitly is a trusted platform for international money transfers. You can also turn on SMS/text notifications to keep an eye on your transfer.
If anything goes wrong while sending funds, you'll get your money back.
International Shipping
If you're planning to send money internationally, you'll need to choose a reputable money transfer service. Services like IntaSend, WorldRemit, Remitly, Western Union, and MoneyGram allow you to send money from the USA to Kenya through M-Pesa.
To initiate the transfer, the sender must register with the chosen service, providing an email address and creating a password. They'll then need to select M-Pesa as the delivery option and enter your mobile number, along with the amount to be sent.
The sender will receive a confirmation, and you'll get an SMS notification on your phone once the funds are available in your M-Pesa wallet. This typically happens almost instantly, allowing you to use the money for payments, withdrawals, or transfers to others.
You can receive money from the USA through M-Pesa, thanks to partnerships with several reputable money transfer services. This makes M-Pesa one of the most convenient and widely used mobile money solutions available.
M-Pesa supports international transfers to mobile numbers in several countries, including Bangladesh, Botswana, Burundi, Malawi, Pakistan, Rwanda, Tanzania, Uganda, and Zambia.
Here's a list of countries supported for international mobile transfers:
- Bangladesh
- Botswana
- Burundi
- Malawi
- Pakistan
- Rwanda
- Tanzania
- Uganda
- Zambia
With M-Pesa, you typically don't incur any service charges when receiving money from abroad. The funds are converted into local currency at the prevailing exchange rates, allowing you to access your money without worrying about hidden fees.
International Bank Transfer
You can transfer money from your M-Pesa account to banks across parts of Europe, Asia, Africa, and America using the M-Pesa App.
To start, go to the M-Pesa App Global Section, where you'll find the international bank transfer feature.
Select "send to bank" to begin the process.
Choose the country you want to send to from the list of available options.
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Make sure to enter the recipient's details accurately, including their bank name and IBAN Number.
Enter the amount you want to send in KES, as well as the source and purpose of the funds.
Take a moment to review the transaction details, including the fees and the amount the recipient will receive.
Once you're satisfied, click "Send Money" to complete the transfer.
Receiving Money
Receiving money from abroad through M-Pesa is a breeze, thanks to partnerships with reputable money transfer services. With over 70 million wallet holders in Kenya, M-Pesa has established itself as a leading mobile money platform.
You can receive money from the USA, UK, and Europe directly to your M-Pesa mobile wallet. This capability has made M-Pesa one of the most convenient and widely used mobile money solutions available.
Receiving money through M-Pesa is incredibly efficient, with funds being credited to your account almost instantly. This is a stark contrast to traditional wire transfers, which can take several days to a week to process.
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Here are some key benefits of receiving money through M-Pesa:
- Speed: Transfers to M-Pesa accounts are processed almost instantly.
- Convenience: You can receive money directly to your mobile wallet without needing to visit a bank or money transfer outlet.
- Security: M-Pesa employs advanced security measures, including PIN authentication and transaction alerts, ensuring your money is safe.
The process of receiving money from the USA to your M-Pesa wallet is straightforward. You can choose from several reputable money transfer services, such as IntaSend, WorldRemit, Remitly, Western Union, and MoneyGram.
Transfer Options
You can transfer money internationally using M-Pesa, and it's surprisingly easy. This feature is currently only available on the M-Pesa App, and it allows you to send money to banks across parts of Europe, Asia, Africa, and America.
To do so, you'll need to go to the M-Pesa App Global Section, select "send to bank", and then choose the country you want to send to. You'll also need to enter the details of the recipient, including their bank name and IBAN number.
If you're looking for alternative ways to send money to Kenya, you're in luck. M-Pesa offers a range of transfer options, including sending money to Western Union, which is available worldwide.
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Here's a quick rundown of the steps to send money via Western Union:
- Go to mySafaricom App Global Section, or go to M-Pesa App Global section and select send to Western Union
- Select countries to send to
- Enter details of recipient and purpose of funds
- See transaction details and charges
- Then click send, and you'll receive the necessary information to send to help your recipient take their cash
Charges for Sending
Sending money with M-Pesa is a convenient option, but it's essential to know the charges involved. M-Pesa transaction fees are among the lowest in the world, making it an attractive choice for those living abroad.
You can send money to Kenya via M-Pesa, but be aware that sending money to certain countries is free, while others incur transaction fees. Check the charges before sending to avoid any surprises.
M-Pesa charges 12% of every cost of money transfer, which is a change that occurred in 2018. This is a significant fee, but it's essential to note that it's applied to every transaction.
To ensure your recipient receives the intended amount, familiarize yourself with the M-Pesa transfer rates. This will help you calculate the amount you need to send, taking into account the transaction fee.
Here's a breakdown of the M-Pesa transaction fees:
Keep in mind that these fees may change over time, so it's crucial to stay up-to-date with the latest M-Pesa transfer charges.
Skrill Transfer
To transfer funds using Skrill, you can send money to M-Pesa. This option is available for users who want to make international transactions.
First, you need to open your Skrill account. You can do this by going to the Skrill website and following the registration process.
To initiate the transfer, you'll need to click on the "Skrill it" button. This will allow you to access the transfer options.
Next, you'll need to select your country from the dropdown menu, which will automatically convert the currency to your country's currency. This is an important step to ensure that the funds are transferred correctly.
After selecting your country, you'll need to choose M-Pesa as the recipient. You'll then need to input the recipient's information, including their M-Pesa details and email address.
Once you've entered the recipient's information, be sure to double-check it for accuracy. This includes verifying that the Skrill, M-Pesa, and email details are correct.
Here are the easy steps to follow:
- Open your Skrill account.
- Go to Skrill it.
- Click your country.
- Choose M-pesa.
- Input your information and those of your recipient.
- Counter check your details for its correctness.
Frequently Asked Questions
Is M-PESA available in the USA?
M-Pesa is not available in the USA, but you can still send money to Kenya using M-Pesa with a service like Remitly.
Sources
- https://intasend.com/payments/how-to-receive-money-from-abroad-to-kenya-through-m-pesa/
- https://blog.remitly.com/money-transfer/how-to-send-money-to-m-pesa-safely/
- https://www.standardmedia.co.ke/business/article/2001306071/how-to-send-receive-cash-across-world-directly-to-m-pesa
- https://tech-ish.com/2023/01/31/m-pesa-global-send-money-international/
- https://www.tuko.co.ke/277411-how-send-money-mpesa.html
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