How to Send Money From South Africa to Kenya
Transferring money from South Africa to Kenya has traditionally relied on methods like bank transfers, money transfer services, and digital wallets. While these methods are widely used, they often involve high fees, slow processing times, and unfavourable exchange rates.
VALR Pay offers a modern alternative, 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 from South Africa to Kenya.
5 Ways to Transfer Money From South Africa to Kenya
Bank Transfers: Bank transfers are a standard method for international money transfers. However, they often come with high fees, complex procedures, and longer processing times, making them less suitable for urgent or small transfers.
Money Transfer Services: Services like Western Union and Mukuru are popular for sending money to Kenya. They provide cash pick-up services at various locations, but high fees and less favourable exchange rates can make them costly, especially for regular transactions.
Mobile Money Platforms: Kenya's widely used mobile money services, such as M-Pesa, make local transfers easy. However, cross-border transfers through mobile money often require intermediaries, increasing fees and complexity.
Digital Wallets: Digital wallets like PayPal and Skrill allow international payments but typically charge high fees for currency conversion and cross-border transactions, making them less practical for frequent use.
VALR Pay: VALR Pay is a user-friendly app that allows instant, fee-free transfers from South Africa to Kenya. It supports over 100 cryptocurrencies, including stablecoins like USDC, USDT, and EURC, offering a secure, efficient, and affordable solution for cross-border transactions.
How to Use VALR Pay to Transfer Money from South Africa to Kenya
Moving money from South Africa to Kenya is straightforward with VALR Pay. Here are the 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 Kenya 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 South Africa to Kenya 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).
