In this article, you'll discover whether Remitly operates in Kenya, explore some potential drawbacks if it does, and consider the possibilities it offers. Stay tuned to find out more.
Does Remitly Work In Kenya?
Remitly operates in Kenya, allowing users to send money from the United States to M-Pesa. The service supports the Kenyan Shilling (KES) and uses mobile money as the primary disbursement method. This makes it convenient for recipients to access funds directly on their mobile devices.
While the webpage does not specify particular regions within Kenya, it implies broad availability across areas where M-Pesa is operational. Users can benefit from competitive exchange rates and low fees, with the added assurance of secure and timely transfers. Delivery options may vary depending on the recipient's location.
Fees and Charges for Using Remitly in Kenya
Here are some general costs that users might encounter when using Remitly in Kenya:
- Transaction Fees: These are charges applied for each money transfer. The amount can vary based on the transfer amount and the speed of delivery.
- Currency Conversion Fees: When sending money in a different currency, a fee may be applied for converting USD to KES. This fee is often included in the exchange rate offered by Remitly.
- Withdrawal Fees: These fees may be charged when the recipient withdraws money from their M-Pesa account. The exact amount can depend on the withdrawal method and the amount being withdrawn.
Is Remitly the Best Option in Kenya?
Even though Remitly is available in Kenya, it might not be the best option for users due to certain limitations and restrictions that could affect the overall user experience.
- Promotional rates: Only apply to the first $500 sent by new customers.
- Delivery options: May vary depending on the recipient's location within Kenya.
- Additional documentation: Required for higher amounts or identity verification.
- Exchange rates: Promotional rates are subject to change without notice.
- Withdrawal fees: Recipients may incur fees when withdrawing from M-Pesa.
Alternatives to Remitly in Kenya
1) OneSafe
OneSafe stands out as a leading alternative payment solution in Kenya, offering a seamless user experience, lower fees, and exceptional customer support. Its simple onboarding process, global payment capabilities, and multi-currency support make it a superior choice for businesses seeking efficient and cost-effective financial services.
OneSafe Reviews
OneSafe has received positive feedback from users who appreciate its comprehensive features, including ACH, Crypto, Wire deposits, and Virtual cards. Users have praised it as the best bank they have used, highlighting its support for most businesses.
2) Wise
Wise offers a multi-currency account, enabling users in Kenya to send and receive money globally with low fees. Key features include a Wise debit card for international transactions, transparent cost breakdowns, and fast transfers. Its support for the Kenyan Shilling and robust security measures make it a reliable option.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users have reported issues with money transfers being returned without notification and challenges with document approval processes. Certain users have had to stop using Wise due to government regulations in their country. Check out more Wise reviews here.
3) Paypal
PayPal offers a secure and efficient payment solution in Kenya, allowing users to send and receive money globally. Key features include 24/7 fraud monitoring, Buyer Protection, and customizable payment options. Its support for online transactions and remote payment acceptance makes it a reliable choice for both individuals and businesses.
Paypal Reviews
PayPal has a rating of 4.4 out of 5 stars. Users have reported high transaction fees, lengthy dispute resolution processes, and delays in fund transfers. Check out more PayPal reviews here.
Frequently Asked Questions about Remitly in Kenya
How long does it take for money to arrive in Kenya using Remitly?
Transfers can take minutes to a few hours, depending on the chosen delivery speed.
What are the fees for sending money to Kenya with Remitly?
Fees vary based on the transfer amount and speed, with promotional rates for new users.
Can recipients in Kenya withdraw money from M-Pesa using Remitly?
Yes, recipients can withdraw funds from their M-Pesa accounts, though withdrawal fees may apply.
Is it safe to use Remitly for money transfers to Kenya?
Remitly employs robust security measures to ensure safe and secure money transfers to Kenya.
Are there any limits on the amount of money I can send to Kenya?
Yes, limits depend on the sender's verification level and the recipient's location in Kenya.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Kenya is crucial for seamless transactions and cost efficiency. While Remitly offers reliable services, exploring alternatives like OneSafe can provide additional benefits such as lower fees and superior customer support. Start your journey with OneSafe today and experience a modern financial platform. Signup now!
