May 15, 2024 Travel Finance Int'l payments

Best way to send money abroad



Tolu osho

May 15, 2024

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If you’re trying to send money to your family from Canada, or the United Kingdom or you simply want to transfer some funds to your bank account back home to pay off a bill, you need to be able to do this at the best rates possible. Despite the existence of so many banks, directly transferring money overseas from your bank account is not a great option when sending money internationally. Here’s why;

  • Most banks charge large transfer fees that vary depending on the amount you’re sending —these happen because they sometimes have to rely on 3rd party remittance apps.
  • When you’re sending money internationally with banks, the delivery period often goes as high as 6 business days before the money gets to the recipient.
  • Additional deposit costs also come and sometimes you don’t know about this until deductions happen.

So how do you send money abroad with the best rates, with the needed speed and at no cost to you? We’ve helped make this easy for you.

Pesa is designed to make sending money abroad easy, fast, and affordable for everyone and most especially free of transaction or maintenance charges. What you send is what they get. Pesa also prioritizes security, with state-of-the-art encryption technology and strict compliance with UK and international regulations.

To get started,

  1. Download Pesa from the Android or iOs store if you’ve not. It’s free and you can create your profile in just 1 minute. Log in if you already have the app.
  2. Create different wallets (Nigerian, Canadian, Australian, United Kingdom, or United States)
  3. Click on the send button on the home page and select International Transfers.
  4. Choose the currency you’re sending from (any of the wallets you’ve created) and the currency they will receive in (over 40 countries available to choose from)
  5. Fund the wallet you’re sending from and confirm your receiver’s bank details.
  6. Send the money. It delivers instantly. Free of Charge!
  7. Pesa will send you confirmation of your money being delivered to the recipient’s account.

Pesa Limited, previously named Pesapeer Limited, is registered with the Financial Transactions and Report Analysis Center of Canada (M20300281) as a Money Service Business and also registered as a PSD Agent with The Financial Conduct Authority in the UK. 

You can download Pesa on iOs and all Android stores.

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