Transfy, a pan-African fintech solution has expanded to Ghana. This is a move to make cross-border payment and money remittances easier for Ghanaians and Africans in general. Ghanaians can now send and receive money from Kenya, South Africa, Uganda, Rwanda, and Nigeria for free.
The company already has a solid presence in over five African countries, including Nigeria, Botswana, Kenya, Uganda, South Africa, and Rwanda. Now, we have made a giant move by adding Ghana to the list.
And just recently, Transfy was mentioned in Eric Osaikwan’s article as one of the Fintech Unicorns in the Federal Republic of Nigeria. This is due to the ease and convenience that Transfy has provided for its users when it comes to hassle-free payments and money transfers across Africa.
If you're thinking of relocating from Nigeria to Canada, the United Kingdom, or the United States, you may be thinking about how to send money back home. You may be asking how to send money across Africa whether you already live in one of these countries or anywhere else in the world. Transfy is at the very top of the list. Transfy is the best instant money transfer app. This is why.
Transfy Is Less Expensive
When sending money abroad, you normally have to pay a fee. Banks have higher fees, whereas internet providers such as Transfy are less expensive. The low fees for sending money to Nigeria are due to a variety of factors.
Transfy does not charge fees for transactions.
Transfy is also the best way to send money across Africa because it does not charge any additional costs. There is no transaction cost, in reality. The fees are instead factored into the exchange rate. The rate you see is the rate you will be charged.
Many money transfer businesses aren't as transparent about their fees as they should be. They frequently deceive customers by promising low-cost transfers across Africa, only to tack on unexpected fees at the end.
Send Money Across Africa in the Most Efficient Way
However, Transfy is the finest way to send money to Africa for more reasons than only its inexpensive pricing. It's also a really quick procedure. In most circumstances, when you send money with Transfy, the recipient receives the funds within half an hour.
When you consider how long it takes to spend money in other places, this is a significant difference. Using the mail can take weeks, and there's always the risk of the funds getting lost in the process. Bank transfers can take several business days to complete, and the recipient's bank may place a hold on the funds, prolonging the procedure.
At Transfy, we put safety first.
When looking for the best option to send money to Africa, you must also consider security. Transfy places a high priority on safety. Every transaction is protected by bank-level encryption. Because all of the details are encoded, hackers will be unable to intercept the transfer.
Every Transfy money transfer is centred on convenience.
Finally, because the process is simple, Transfy is the best way to send money to Nigeria. The company's website allows you to send money online. You choose your nation and Nigeria from a drop-down menu and then determine how much to send. Then you fill up some information about the beneficiary and your payment information. Viola! The procedure has finished.
What Problem Does Transfy Solve?
Transfy was launched in April 2021 by Emmanuel and Vincent to provide solutions to underlying problems surrounding cross-border payments and money remittance in Africa.
Cross-border payments constitute one of the major boosts of the GDP in Africa with over $5 billion in profit, yearly. This is due to the exorbitant charges by local banks and international money transfer organizations. Most of these organizations charge from 5%, and even up to 9% for each cross-border transfer. In addition, it takes a long time, or even days for the payments to be processed.
Transfy aims to solve this pain point for businesses and SMEs in Ghana which has customers across different countries. The platform will make it easy for them to receive payments, reach more customers and grow their businesses. On the other hand, individuals can now use Transfy to send and receive money from friends and family in any of our supported currencies without hassles.
Transfy is ramped up with features and benefits that cut through the noise as one of the fastest-growing fintech solutions in Africa. Read on to find out.
A much faster, cheaper and safe way to send money.From Canada to Nigeria.From Nigeria to Canada.Myfx is 10X cheaper and 3X faster than your local bank.
Remittance Trends in Canada Recently new government data showed that about 4 in 10 Canadians wire money back home to family and/or friends.
Of the immigrants who entered Canada during 2000-2001, 41 percent say they have sent money at least once in their first your years, according to Canadian statistics.
For countries such as Lesotho, Haiti, and Jordan remittances comprise almost one-third of the gross domestic product.
Other countries include Jamaica, the Philippines, and the Dominican Republic, according to the World Bank Figures.
Global remittances worldwide, has soared to $369 billion last year - double the amount being spent on foreign aid to developing countries.
The advancement of technology has enabled various financial institutions to provide a high standard of service in all aspect of banking and financial services.
Customers can use either internet banking or mobile banking to fulfill their banking requirements.
Customers now have access to multiple online fund transfer options like asRia Money Transfer, TransferWise, Payoneer, Western Union, WorldRemit, Money mule, Timeline of PayPal, WebMoney, Moneygram, Electronic funds transfer, Interac e-Transfer, Revolution Money, etc.
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