How to Send Money From South Africa to Malawi
Sending money from South Africa to Malawi has traditionally involved methods like bank transfers, money transfer services, and digital wallets. While these options are widely used, they often come with high fees, slow processing times, and unfavourable exchange rates.
VALR Pay offers a modern alternative, providing 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 Malawi.
5 Ways to Transfer Money From South Africa to Malawi
Bank Transfers: Bank transfers are a common method for international money transfers. However, they often involve 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 Malawi. They offer cash pick-up services at various locations, but high fees and less favourable exchange rates can make them costly for regular transactions.
Mobile Money Platforms: Malawi's mobile money services, such as Airtel Money and TNM Mpamba, allow local transfers. However, cross-border transactions often require intermediaries, leading to higher costs and added complexity.
Digital Wallets: Digital wallets like PayPal and Skrill enable international payments but typically charge high fees for currency conversion and cross-border transactions, making them less ideal for frequent use.
VALR Pay: VALR Pay is a user-friendly app that allows instant, fee-free transfers from South Africa to Malawi. 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 Malawi
Transferring money from South Africa to Malawi is simple and hassle-free 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 Malawi 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 Malawi 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).
