If you’re a South African living in the USA, chances are that you might want to send money back home for family and friends to meet their everyday expenses or even for a special occasion like buying a new car. You may also be thinking of financing a business in Africa or an investment opportunity. Bank transfers have long been a popular method but with the rapid growth of fintech companies specializing in payments and remittances, it is becoming easier than ever to do so.
Here are a few of the best cash app options to send money to Africa:
SendCash is a unique money transfer service that allows users to send funds from their mobile phones or laptops. It works by connecting a recipient’s bank account to a Bitcoin wallet address. Once linked, it is then possible to make payments in Bitcoin which can be exchanged for local currency at a very competitive rate.
This payment cash app allows you to send money to over 115 countries worldwide. Its zero fees for receivers and high exchange rates make it one of the best options to send money to Africa. It also supports multiple currencies which can be helpful for businesses looking to pay vendors or employees in different currencies. It also has a developer API that allows customers to create their own custom payment solutions for their business.
With no hidden charges, you can send up to $3,000 daily to a recipient’s bank account or e-wallet using the Afriex app. You can also earn a $5 credit when you invite a friend and they send $100 or more.