Sunday, July 13, 2025
Mitmunk
  • Home Improvement
  • Finance
  • Lifestyle
  • Business
  • Seo Digital
  • Auto
  • Law
  • Health
  • Other
    • Travel
    • Outdoor
    • Fashion
    • Entertainment
    • Construction
    • Education
    • Tech
    • Pet
    • Real Estate
No Result
View All Result
  • Home Improvement
  • Finance
  • Lifestyle
  • Business
  • Seo Digital
  • Auto
  • Law
  • Health
  • Other
    • Travel
    • Outdoor
    • Fashion
    • Entertainment
    • Construction
    • Education
    • Tech
    • Pet
    • Real Estate
No Result
View All Result
MitMunk
No Result
View All Result
Home Tech
How Money Transfer Apps Are Helping Africans

How Money Transfer Apps Are Helping Africans

Share on FacebookShare on Twitter

Money transfer apps are becoming popular around the world, including in Africa. These apps are also popular among Africans living outside the continent. Many of them use these apps to send remittances to family members who are still living in Africa. The other benefits that Africans can see from money transfer apps include easily sending money from Africa to countries around the world, increased safety compared to using cash, and even the opportunity to work more easily with overseas companies.

Read on to learn more about the benefits Africans can get from using money transfer apps.

Table of Contents

Toggle
  • Benefits For Africans Using Money Transfer Apps
    • Easier Remittances
    • A More Convenient Way To Send Money Abroad
    • Money Transfer Apps Are Safer Than Carrying Cash
    • Africans Can Work More Easily With Overseas Companies
    • Money Transfer Apps Are Changing the Day-to-Day Lives of Africans

Benefits For Africans Using Money Transfer Apps

Easier Remittances

For many Africans abroad, gifting with money is an important way for them to support their families back home. There are many ways that Africans abroad can send remittances, such as sending money through the post or using a service like Western Union. However, the traditional ways for Africans abroad to send remittances have serious downsides. Sending money through the post is slow, and there is a chance that the money will get lost or stolen in transit. Western Union and similar services charge high fees.

Africans abroad can instead use money transfer apps. These apps such as Remiittance payments to Mexico, are quick and safe. Also, the fees charged by these apps are usually much lower than those charged by more traditional money transfer companies.

A More Convenient Way To Send Money Abroad

While it is more common for members of the African Diaspora to send money back to the continent than to receive money, Africans do need an easy way to send money to relatives abroad. For example, an African family may want to send birthday money to a family member working abroad. This could be difficult and costly to do using traditional money transfer methods. However, Africans can simply use international money transfer apps to quickly send money to friends and family members in various countries around the world.

Money Transfer Apps Are Safer Than Carrying Cash

In many parts of Africa, especially Sub-Saharan Africa, cash is used for most transactions. This is largely because most residents of Sub-Saharan Africa don’t have a bank account. In fact, the World Bank estimates that 65% of adults in Sub-Saharan Africa are unbanked. This means that these people can’t pay or receive money in the form of checks or wire transfers.

While cash is certainly more convenient, it can be dangerous to carry large amounts of cash. Using a money transfer app is much safer. Thanks to the popularity of money transfer apps among Africans, there’s a good chance that both parties who need to do a transaction have an app they can use.

Africans Can Work More Easily With Overseas Companies

One of the most underrated benefits of money transfer apps for Africans is that these apps make it easier for them to work with overseas companies. As previously mentioned, the majority of Sub-Saharan Africans don’t have a bank account. This could make it difficult for them to work with overseas companies, as these companies wouldn’t be able to pay them for their work. However, money transfer apps provide African workers with a way to receive payments quickly and safely from companies in other countries.

Money Transfer Apps Are Changing the Day-to-Day Lives of Africans

Money transfer apps are giving Africans access to money they need sooner rather than later. This helps them pay for essential expenses like food and medical care. These apps have already made life easier for many Africans, and this trend will continue as money transfer apps become more popular on the continent.

Related Posts

Personalize Your CB Radio Setup for an Enhanced Communication Experience

Personalize Your CB Radio Setup for an Enhanced Communication Experience

by Emily Stevens
July 2, 2025
0

At CB Radio Supply, we emphasize the importance of customizing your CB radio setup to reflect your personal style and...

A Reliable Server Room Isn't Built on Luck, but on Five Pillars

A Reliable Server Room Isn’t Built on Luck, but on Five Pillars

by Emily Stevens
July 1, 2025
0

Imagine your entire company relying on a single cable, and someone trips over it. In a professional server room, this...

From Concept to Execution: The Role of Reliable Networks in Digital Creation

From Concept to Execution: The Role of Reliable Networks in Digital Creation

by Emily Stevens
June 27, 2025
0

Behind every brilliant digital product—whether it's a mobile app, an immersive VR experience, or a high-traffic eCommerce platform—there’s an often-overlooked...

POPULAR NEWS

Delores Miller Clark

Delores Miller Clark: Learn More about John List’s Ex-Wife

September 27, 2022
Lisa Seal Frigon

Lisa Seal Frigon: All about Drug Lord Barry Seal’s Daughter

September 18, 2022
Linnell S. Nobori

Linnell S. Nobori: All there is to Know about Ted Bessell’s Wife

September 5, 2022
Gweneth Gonzales Thomas

What You May Not Know About Gweneth Gonzales Thomas, Richard Thomas’ Daughter

August 2, 2022
Johanna Thiebaud

Johanna Thiebaud- All about Shania Twain’s Stepdaughter

May 23, 2022

EDITOR'S PICK

Use a VPN in Geo-Restricted Regions

Top 5 Ways to Use a VPN in Geo-Restricted Regions

July 4, 2023
The Benefits of Making Your Own Music

The Benefits of Making Your Own Music

August 29, 2024
Celebrate Your Birthday

Celebrate Your Birthday in Style at Phoenix’s Top Party Venues

October 14, 2024
journey ruth payne

Journey Ruth Payne: Why is She Famous

October 27, 2022
Contact Us: Info@mitmunk.com

© 2022 Mitmunk Theme Copyright

No Result
View All Result
  • Homepages
    • Home Page 1
  • Business
  • Entertainment
  • Fashion
  • Health
  • Lifestyle
  • Tech
  • Travel

© 2022 Mitmunk Theme Copyright