How to Send Money From South Africa to New Zealand
Transferring money from South Africa to New Zealand has traditionally involved methods 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 South Africa and New Zealand.
5 Ways to Transfer Money From South Africa to New Zealand
Bank Transfers: Bank transfers are a common method for international transactions. However, they often involve high fees, complex procedures, and longer processing times, making them less ideal for urgent or small transfers.
Money Transfer Services: Services like Western Union and Wise (formerly TransferWise) are popular for sending money to New Zealand. While they offer cash pick-up services and direct bank deposits, high fees and fluctuating exchange rates can make them expensive for frequent transactions.
Digital Wallets: Digital wallets such as PayPal and Skrill allow cross-border payments but typically charge significant fees for currency conversion and international transfers, making them less practical for regular use.
Forex Services: Foreign exchange services offer international money transfer solutions but often come with hidden fees and less competitive exchange rates, impacting the total amount received.
VALR Pay: VALR Pay is a user-friendly app that enables instant, fee-free transfers between South Africa and New Zealand. 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 Transfer Money from South Africa to New Zealand
Transferring money between South Africa and New Zealand is straightforward 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 South Africa to New Zealand 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).
