Everything You Need to Know Before Selecting a Platform to Send Money Abroad in 2026

In an increasingly globalized world, sending money abroad is an everyday necessity for individuals and businesses alike. Whether you're supporting family members, paying for services, or conducting international business, choosing the right platform for money transfers is crucial.

‍

As we enter 2026, here’s a comprehensive guide on what to consider before selecting a money transfer platform.

‍

 1. Identify your needs

Although you’ll be sending money abroad, you need to identify your needs. 

‍

Personal transfers — These transfers often involve sending money to family or friends living abroad. Consider the frequency and amount you typically send.

‍

Business Payments — For businesses, the focus might be on paying suppliers, freelancers, or service providers in different countries. Look for platforms that cater specifically to business needs.

‍

Investments — If you’re investing internationally, consider how quickly you need the funds to arrive, what you are investing in, the volume of your investment, and which currencies are accepted.

‍

Amount and frequency — Determine the average amount you plan to send and the frequency. This can influence your choice of platform based on their fees and limits.

‍

2. Explore different types of platforms

‍

Traditional banks

While traditional banks are often reliable, they charge higher fees and process transfers more slowly. Make sure to check their international transfer services.

‍

Online money transfer services

Platforms like Pesa, Wise, PayPal, Revolut, and TransferWise are popular for their competitive rates and faster processing times. They often provide user-friendly interfaces and mobile apps.

‍

Cryptocurrency options

Cryptocurrency transfers have gotten very common in recent years, and using cryptocurrencies can sometimes offer lower fees and faster transfers. Still, they also come with risks, including volatility and regulatory issues.

‍

3. Compare fees and exchange rates

For most people, these are the most important things when it comes to international transfers. 

‍

Transfer fees

Figure out the transfer fees. Some platforms charge a flat fee for transfers, while others might take a percentage of the transfer amount. While some, like Pesa, offer FREE transfers on all transactions. 

‍

Exchange rate

Be vigilant about exchange rates, as they can vary significantly between platforms. Even a slight difference can affect the total amount received.

‍

Hidden Fees

Look for hidden fees, such as those charged by the receiving bank or conversion fees that may not be immediately apparent.

‍

4. Transfer timelines

‍

Immediate vs. delayed transfers

Determine how quickly you need the money to arrive. Some platforms offer instant transfers, while others may take several days. Also, some platforms let you pick your transfer option based on the fee. 

‍

Bank processing times

Different banks have different processing times, especially for international transfers. If you’re sending money to a bank account, check how long the receiving bank takes to process incoming transfers.

‍

5. Evaluate security features

‍

Regulatory compliance

Ensure that the platform is regulated by financial authorities in both the sending and receiving countries. This adds a layer of security to your transactions.

‍

Data protection

Look for platforms that prioritize data protection, using encryption and stringent privacy policies to safeguard your financial information.

‍

6. Consider customer service

‍

24/7 support availability

How quickly do you receive support? Assess the availability and accessibility of customer support. Look for platforms that offer multiple channels (live chat, email, phone) and support 24/7.

‍

 A great user experience

How easy the app is to use makes all the difference, and Pesa users have attested to that multiple times.  A user-friendly interface can significantly improve your overall experience. Check reviews on the platform's ease of use.

[Download the Pesa App]

‍

 7. Explore additional services

‍

Multi-currency accounts

Some platforms, like Pesa, offer multi-currency accounts that let you hold and convert currencies as needed, which can be beneficial for frequent international transactions.

‍

Mobile apps

- A reliable mobile app can enhance convenience, enabling you to manage transactions on the go.

‍

Budgeting tools

- Some platforms offer budgeting and tracking tools to help you manage your international finances better.

‍

8. Understanding regulations

‍

Tax implications

Be aware of any tax implications for sending or receiving money internationally. Different countries may have their own regulations regarding money transfers.

‍

Country-specific regulations

Research the regulations in both the sending and receiving countries, as these can impact your transaction. Some regions may have restrictions on the amount you can send or receive.

Why should you use Pesa for all your international transfers in 2026?

You should use Pesa for all your international transfers in 2026 because it’s built for how people actually move money today, across borders, currencies, and use cases. Pesa is available in 40+ countries, offers a multi-currency wallet, and lets you send and receive money within minutes, without the hidden fees that quietly eat into your transfers. With zero transfer fees, clear rates, and fast wallet-to-wallet transactions, you always know exactly what you’re paying and what your recipient is getting.

Beyond speed and cost, Pesa simplifies international money management. You can hold, convert, and move multiple currencies in one app, whether you’re a freelancer, business owner, traveller, or sending money home. In 2026, when cross-border payments should be seamless, transparent, and stress-free, Pesa removes the friction that traditional banks and older transfer apps still struggle with.

‍

‍In conclusion

Selecting the right platform for sending money abroad in 2026 requires research and careful consideration of factors such as accessibility, costs, speed, security, and customer service. By understanding your needs and comparing options, you can ensure a smooth, cost-effective money transfer experience.

‍

‍