How to Send Money From New Zealand to South Africa
Sending money from New Zealand to South Africa has traditionally involved options like bank transfers, money transfer services, and digital wallets. While these methods are widely used, they often come with high fees, slow processing times, and unfavourable exchange rates.
VALR Pay offers a modern solution, enabling instant, fee-free transfers using cryptocurrencies, including stablecoins like USDC, USDT, and EURC. It’s the most convenient and cost-effective way to send money between New Zealand and South Africa.
5 Ways to Transfer Money From New Zealand to South Africa
Bank Transfers: Bank transfers are a standard method for international transactions. However, they can involve high fees, complex procedures, and longer processing times, making them less ideal for urgent or small transfers.
Money Transfer Services: Services such as Western Union and MoneyGram are popular choices for sending money to South Africa. They provide cash pick-up services at multiple locations, but high fees and poor exchange rates make them expensive, especially for frequent transactions.
Digital Wallets: Digital wallets like PayPal and Skrill support cross-border payments but often charge significant fees for currency conversion and international transfers, making them less suitable for regular use.
International Money Transfer Apps: Apps such as Wise (formerly TransferWise) and Remitly offer competitive exchange rates and lower fees for international transfers. However, transfer times can vary depending on the payment method and destination.
VALR Pay: VALR Pay is a user-friendly app that enables instant, fee-free transfers between New Zealand and South Africa. It supports over 100 cryptocurrencies, including stablecoins like USDC, USDT, and EURC, providing a secure, efficient, and affordable option for cross-border transactions.
How to Use VALR Pay to Send Money from New Zealand to South Africa
Transferring money between New Zealand and South Africa is simple with VALR Pay. Follow these steps to get started:
1. Sign in to VALR
Navigate to VALR's website or install the VALR application (iOS or Android) on your smartphone. Click "Get Started" or head to this link to create a new account. If you already have a VALR account, tap "Sign in" and enter your credentials.
2. Navigate to VALR Pay
Once logged in, navigate to the "VALR Pay" menu and select "Pay" to transfer money to your recipient in New Zealand or South Africa.
3. Choose the asset and amount to transfer
Choose the cryptocurrency or stablecoin you want to send, such as EURC, USDC, or USDT, and enter the transfer amount. Stablecoins are ideal for cross-border transfers as they offer price stability.
4. Enter recipient’s details
Provide the recipient’s phone number, email address, or VALR Pay ID. Add an optional note or message, or select "Send anonymously" for added privacy.
5. Complete the transaction
Review the transfer details and tap "Next." Finalise the process by selecting "Pay now." The recipient will receive the funds instantly.
Enjoy fast, secure, and fee-free money transfers from New Zealand to South Africa with VALR Pay. Sign up today to experience seamless cross-border payments!
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
