May 15, 2024 Travel Finance Int'l payments

Localising Cross-Border Payments: Top Fintech Apps

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Tolu osho

May 15, 2024

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The world is now much smaller, so many people and businesses need to send money to other countries." Living in another country and sending money to your family?

Or maybe receiving money from parents in a different country? Doing business internationally? You'll need a good app for your international money transfers.

Thankfully, there are now many great fintech apps available. Some examples the top money transfer apps include Wise, Revolut, and Pesa.

These money transfer apps have made international money transfers simpler. They also offer competitive exchange rates and swift delivery times. This article discusses the best fintech apps for sending money internationally.

Why Use Fintech Apps for Cross-Border Payments?

Sending money overseas through banks can be expensive because of high fees, slow processing times, and poor exchange rates. Traditional financial institutions often charge hefty fees for international transfers. Additionally, the processing times for these transfers can be lengthy. Moreover, the exchange rates offered by these institutions may not be favorable.

Fintech mobile apps, on the other hand, leverage technology to offer faster, more transparent, and cost-efficient alternatives. These apps help users have more control and see their international transactions better by using digital infrastructure.

Top Fintech Apps for Sending Money Abroad

1. Pesa (Formerly Pesapeer)

Pesa is an app that allows people to send and receive money in over 40 countries.

The app is user-friendly and easy to use. Pesa does not charge any fees for transactions. This makes it a good choice for saving money. Pesa also provides competitive exchange rates to ensure users receive the best value when sending money abroad.

Pesa is popular among users for its fee-free transactions, competitive exchange rates, and other key features.

  • easily track your transactions and view transaction history within the app, providing transparency and peace of mind. Furthermore,
  • Fast and secure transactions ensure that funds transfer quickly and safely to recipients.
  • seamlessly hold and manage multiple currencies and convert with ease

Pesa is a reliable and efficient app for sending and receiving money globally. Pesa is a reliable app for sending and receiving money worldwide. It has no-fee transactions, competitive exchange rates, and user-friendly features. This makes it a top choice for people who want to transfer funds internationally easily.

Pesa has registered as a Money Service Business in Canada and the US. The company focuses on security. They offer features like facial verification and password encryption.

You can send money internationally for free with a highly competitive exchange rate. The service supports many currencies such as CAD, INR, NGN, PHP, GBP, GHS, KES, UGX, EUR, and more.

2. Wise

 TransferWise, rebranded as Wise, is popular in the fintech industry, offering borderless accounts and low-cost international transfers. With Wise, users can send money abroad at the real exchange rate with fair fees. The platform supports over 160 currencies and provides fast, transparent, and secure transfers.

3. Revolut

 Revolut is a digital banking app that lets users hold, exchange, and transfer money in different currencies. With Revolut, you can send money to other countries without any extra fees. You can also get good exchange rates and use helpful tools like instant transfers and budgeting features."

4. PayPal

 PayPal is a widely recognized payment platform that also facilitates international money transfers. Users can send money to friends, family, or businesses abroad using PayPal's secure and convenient platform. While fees may apply for international transfers, PayPal offers flexibility and accessibility for users worldwide.

5. Skrill

 Skrill is a digital wallet and payment platform that enables users to send money internationally with ease. With low fees and competitive exchange rates, Skrill provides a reliable solution for cross-border payments. Users can transfer funds to bank accounts or other Skrill users globally.

6. Remitly

Remitly specializes in remittances, catering to individuals who need to send money to family and friends abroad. The platform has competitive exchange rates and fast delivery options. It offers various methods for sending money, such as bank deposits, cash pick-up, and mobile wallet transfers.

Benefits of Using Pesa for Cross-Border Payments

- No transfer Fees: Pesa offers no fee fees compared to traditional banks and other remittance services. You can send and receive money at no additional cost

- Faster Transfers: With digital infrastructure and streamlined processes, Pesa can facilitate faster transfer times, often instant, within minutes.

Clear Pricing: Pesa shows you exactly how much you're paying for your transfers with transparent pricing and real-time exchange rates."

The Pesa app offers a user-friendly interface that users can easily access on mobile devices. This allows users to conveniently send money abroad at any time and from anywhere. The simple and easy to use interface makes international transfers hassle free.

- Pesa prioritizes app security by using advanced encryption techniques to safeguard users' financial information and transactions.

Pesa is a Money Service Business registered and regulated in both Canada and the United States. The Financial Transactions and Report Analyzes Centre oversees it in Canada. In the United States, the Financial Crimes Enforcement Network (FinCEN) registers it.

Save time and money when you send with Pesa. With transparent pricing, fast transfers, and enhanced security features, Pesa provides a modern solution. Create a Pesa account and send money internationally like a local - for free and on time.

Create a PESA account today - and start sending money for free.
You can download Pesa on iOs and all Android stores.

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