How to Make International Money Transfers To Kenya

Kenya, also known as the Republic of Kenya is an Eastern African country. It is a rapidly developing and growing country that has emerged as the largest economy in South-East Africa.

It is still a third world country, despite this. Kenya is dependent on foreign remittances from its citizens who work and live abroad. However, international money transfers online have become extremely easy thanks to the technological advancements in digital transferences.

Let’s take a look at the main elements and factors one should know before sending or receiving money from Kenya.

Transfer Money from Other Countries to Kenya ?

It is easy to transfer money to Kenya because almost all methods and modes of payment are accepted in the country. Due to transaction fees and the complexity of the mode, not all options are possible.

To opt for this service, you would need to pay substantial fees for transnational wire transfers or international bank-tobank transfers. It takes quite a while to complete the transaction.

There are many other options for sending money to Kenya that are convenient and easy to use. You can send money to Kenya directly into your bank account, or by e-wallet transfer. Or you can cash pick up through them.

The cheapest mode of money transfer in Kenya

Online money transfers offer the easiest and most convenient way to send or receive funds. Access to any branch or online mode of these international money transfer services in Kenya would suffice.

  • Transfast
  • Wise (formerly TransferWise).
  • Payoneer
  • Ria
  • Xoom
  • MoneyGram
  • WorldRemit

Many of the services mentioned above offer an online portal or a downloadable application that allows you to access your amenities from your mobile phone. To initiate payment, they only require details about the recipient and an account setup.

MoneyGram also offers physical locations where you can send money to Kenya from any part of the world. These transactions are quick, easy, and cheap.

M-PESA global and e-Wallet Services

M-PESA, a mobile-based money transfer service, is very popular and operates worldwide. It is used frequently by people in Kenya and other African countries. MoneyGram has partnered with it to facilitate the easy and painless transfer of funds.

This service allows recipients to receive the amount transferred directly into their M-PESA Mobile wallet account. The M-PESA Global e-wallet would accept money from abroad. They would be stored for future access via mobile phones.

Alternativly, the recipients can withdraw the cash via any agent associated with the service and from any location in Kenya.

Cash Pickups and Bank Transfers in Kenya

International money transfer services like MoneyGram and Xpress Money have ongoing partnerships with local banks in Kenya. This allows legal transfers of large amounts of money to citizens and residents of the country. You can withdraw money in cash, or by using cash pickup options.