Mobile Money Apps for International Money Transfer Africa

International money transfer from one country in Africa to another has become faster and easier because of mobile payment options. Mobile Money Apps for International Money Transfer, Be it sending some cash to your family members or paying your suppliers, mobile money applications make everything easier and cheaper.

The following is a list of the 3 most popular mobile money services providing international payments within Sub-Saharan Africa.

1. Chipper Cash

Chipper Cash is fast rising as one of Africa’s top peer-to-peer transfer apps. Users get the ability to easily transfer money between countries at little or no cost.

Some of the countries that can be used for transfers include:

Nigeria
Kenya
Uganda
Rwanda
Ghana
South Africa

Main Features

Cost-Efficient Transfers

Most transfers made using the app cost nothing or are way cheaper than the rates charged by existing transfer agents.

Transfers in Multiple Countries

Chipper Cash facilitates easy transfers between countries within Africa through your phone.

Other Services

In addition to transferring, Chipper Cash also provides bill payments and investments, among others.

2. Onafriq (previously known as MFS Africa)

Unlike most apps, Onafriq is not primarily meant for use by consumers. Rather, it is a payment infrastructure for Africa, connecting hundreds of mobile money operators, banks, and fintech firms.

Features

Vast Network Coverage

Onafriq connects over one billion mobile wallets and bank accounts across Africa.

Hundreds of Payment Corridors

The firm connects over 2,000 payment corridors across Africa.

Fintech Compatibility

Several mobile money operators and financial institutions utilize Onafriq to process their international payments.

Use Cases

Suitable for businesses and financial organizations seeking to process cross-border payments.

3. M-Pesa

M-Pesa remains, without doubt, the most famous mobile money system in Africa. Created by Safaricom in Kenya, M-Pesa has grown to be one of the best platforms for providing mobile money services in Eastern Africa.

Key Characteristics

Large Customer Base

More than 50 million customers have access to M-Pesa in various African countries.

Money Transfer to Other Countries

Users may make money transfers to other nations and get remittance services from international organizations.

A Widespread Network of Agents

Many users are using the wide network of agents provided by M-Pesa for depositing and withdrawing cash.

Where Is It Used

This mobile money platform works in the following African countries:

Kenya
Tanzania
Mozambique
Lesotho
Democratic Republic of Congo
Ghana (some services)

Other Mobile Money Providers To Consider

Some other platforms are continuously expanding their networks in other countries. Namely:

Wave: Provides very cheap transactions for West Africa.
Flutterwave: Helps companies and individuals in payment infrastructure and transfers between countries.
Orange Money: One of the biggest mobile money providers in several African countries, speaking French.

Conclusion

Chipper Cash, Onafriq, and M-Pesa are the most impactful platforms providing cross-border payments in the ever-growing digital money market in Africa.