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Showing posts from July, 2022

What You Need To Know Before Choosing A Money Transfer Company

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Many new companies in the financial technology sector facilitate international financial transactions. These innovative services use cutting-edge technology to facilitate quick, easy, and risk-free international money transfers in a variety of currencies. Yet, with so many options available, choosing the finest money remittance platform can feel like a Herculean undertaking. However, the following advice can serve as a roadmap to assist you to select the most suitable international money transfer service. Take a look below to discover out 6 Tips to Consider Before Choosing A Crossborder Payment Company Look Out for Regulated and Licensed Companies Compare Exchange Rates and Fees Choose a Company With a Good Reputation Consider The Payment Options.  Transaction Speed Security Finally, To the same degree that the funds you wish to move are crucial, so too is your decision over which money transfer firm to use. Always verify any information you receive from an unknown source to reduce you

What are cross-border payments?

With economic integration, cross-border payments are expanding quickly in both the financial and trade sectors. Additionally, as a result of economic globalization, many people are looking for simpler ways to transfer money between continents and countries. An estimated 1.7 billion people are active on e-commerce platforms, with over 3 billion people utilizing the Internet every day. Hence the constant requirement for international trade. Cross-border payments are, however, fraught with difficulties, including high costs, sluggish transactions, and a lack of transparency on the part of the major participants, to name a few. This post will cover everything you need to know about cross-border payments, as well as how to use Transfy to overcome their difficulties. Transfy is a pan-African fintech platform that offers an alternate mode of payment for international transfers and money transfers. On the Transfy Platform, it's simple to send, receive, and make cross-border payments to pe

7 Amazing benefits of using electronic payments

 To run efficiently, every firm needs to have a larger cash flow. Because of this, a lot of firms have begun to favor receiving payments online. Business owners can save time and money by using electronic payment methods. You can handle payments quickly with electronic payments. You can rapidly apply for cash via the e-payment systems, and you can accurately reconcile your financial records. By doing this, you'll be able to maintain your data organized and eliminate accounting errors. The benefits of employing an electronic payment method, however, go beyond this. The following are some crucial advantages of electronic payments: 1.   Instant Payment Compared to more conventional payment options like cash or checks, electronic payments are significantly faster. You are not limited by time or place when making payments online. Payments are simple to make at any time, from anywhere in the world. Payments can now be made online, negating the need to visit a bank. Your consumers no long

Evolving Payment Landscapes in Africa

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 The efficiency of domestic and international payments in Africa was worse than it had been in prior years. When it comes to remittances and foreign payments, both individuals and businesses in Africa have encountered numerous barriers. Due to the lack of access to digital financial services a few decades ago, people had to deal with large amounts of currency transfers. The amount of clients banks could serve each working day was constrained by the number of offices they possessed. Since the majority of Africans at the time lacked access to a cell phone, mobile payments were still only a pipe dream. But thanks to the global e-commerce boom, the cashless policy, and the technology growth, everything has changed. Today's payments are more frictionless and straightforward than ever before. There are a tonne of alternatives when it comes to payments, ranging from online banking to cross-border payment options and even down to digital payment platforms. With that said, let's examine

Leading 5 Cash Transfer Tools in Africa

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Cash or Cheque were once the only options for transferring the money to friends and family. However, the growth of digital financial apps as well as solutions has actually made instant money transfer to enjoyed ones more convenient than ever. Locating the best way to send cash could be challenging with numerous electronic payment choices available. While several money transfer services are complementary to use, others have charges. Likewise, some systems take longer than others to finish transfers. Right here are 5 choices for conveniently sending out cash to family and friends. Transfy Transfy is  a multi-currency pocketbook that allows you to store as well as switch between the currencies we support, which include NGN, KES, ZAR, RWF, UGX, ZMW, and BWP. In ten African countries, you can securely charge your cellphone airtime 24 hr a day, 7 days a week. The recipient gets the airtime immediately. Our platform allows you to send out cash to your enjoyed ones' mobile purses or che