The best ways to make international money transfers

Traveling internationally can be an exciting experience, but it also requires managing finances across borders. Whether you need to send money to a family member or friend, pay for accommodations, or cover other expenses, international money transfers are a necessary part of the travel process. In this article, we will explore the best ways to make international money transfers, including the top platforms for sending and receiving money across borders.

1. Mpesa

Mpesa is a popular mobile money transfer service that allows users to send and receive money across borders. With Mpesa, users can transfer money directly to a recipient's mobile phone, making it a convenient and reliable option for international transfers. Mpesa is available in many countries, including Kenya, Tanzania, and Uganda, and it is easy to use with a simple registration process.

2. Wise (formerly TransferWise)

Wise is a leading platform for international money transfers, offering fast, reliable, and affordable transfers to over 80 countries. Wise uses a peer-to-peer system to transfer money, which means that the funds are sent directly between the sender and recipient's bank accounts. This makes transfers faster and cheaper than traditional methods. Additionally, Wise offers competitive exchange rates and low fees, making it an excellent option for travelers.

3. PayPal

PayPal is a well-known online payment platform that offers international money transfers. With PayPal, users can transfer funds to a recipient's email address, phone number, or PayPal account. PayPal is available in over 200 countries and offers competitive exchange rates and low fees. Additionally, PayPal is widely accepted by merchants and vendors around the world, making it a convenient option for travelers.

4. Xoom

Xoom is a digital money transfer service that offers fast and secure transfers to over 130 countries. With Xoom, users can send money directly to a recipient's bank account, mobile phone, or home address. Xoom offers competitive exchange rates and low fees, and the platform is easy to use with a simple registration process.

5. WorldRemit

WorldRemit is a digital money transfer service that allows users to send money to over 150 countries. With WorldRemit, users can transfer funds directly to a recipient's bank account, mobile phone, or cash pick-up location. WorldRemit offers competitive exchange rates and low fees, and the platform is easy to use with a simple registration process.

 

In conclusion, there are many options for making international money transfers, and each platform has its own strengths and weaknesses. Whether you are sending money to a family member, paying for accommodations, or covering other expenses, it is important to choose a platform that is fast, reliable, and affordable. Mpesa, Wise, PayPal, Xoom, and WorldRemit are all excellent options for international money transfers, and Wisali is here to help you choose the best platform for your needs. With our travel expertise and knowledge of international money transfers, we can help you navigate the complexities of international travel and make your trip as stress-free as possible.