Send Money from Anywhere to Kenya via M-Pesa

Finding ways to send and receive money from loved ones and friends has always been a major part of everyone’s lives, and over a long period of time people around the globe have been looking for affordable and secure means to do so in a matter of seconds. In comes the M-Pesa revolution, and suddenly sending and receiving money has never been easier.

Essentially, M-Pesa is a mobile phone-based money transfer service that allows clients and customers to deposit money into an account stored on their cell phones, send balances using PIN-secured text messages to other users, including sellers of goods and services, and to redeem deposits for regular money. Basically, M-Pesa allows one to send and receive money, within a matter of seconds, using a mobile phone in Kenya. This service was launched in 2007 by Vodaphone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania, and has spread quickly to become the most successful mobile-phone-based financial service in the developing world.

But the revolution has not stopped there. One can now send money to Kenya via M-Pesa from Canada, USA, UK, Europe, and UAE, and Kenyans will receive the money in a matter of seconds. Moreover, it does not cost the recipient a thing when you send them money via M-Pesa. This mobile-enabled money transfer service is possible through the partnership of Safaricom with a number of money transfer services such as KenyaPesa, MoneyGram, Western Union, and Xpress Money, among others.

Safaricom’s innovative M-Pesa International Money Transfer (IMT) service enables customers from across the globe, through partners such as MoneyGram, to send money to their friends and loved ones in Kenya within a matter of seconds, and with a network of more than 80,000 M-PESA agent locations across Kenya, one can virtually cash out these international transfers at the M-PESA agent next door.

So, what exactly is needed for the transaction to occur and how does it work? All the recipient needs in order to access the money sent via M-Pesa to Kenya is a mobile phone, and a Safaricom number that is registered with M-Pesa. The sender however does not need to be a registered M-Pesa user. Senders simply have to identify themselves to the agent and provide the recipient's name, Kenyan mobile number and the amount being sent. Exchange rate conversion to Kenya Shillings is done at the prevailing rate and the money is sent. Recipients are then sent a text message within seconds, and can then collect the money from over 80,000 agents around the country or use it to pay bills, purchase airtime or send money on to other phones within the country.

Over time the M-Pesa IMT service has proven extremely successful and although alternative methods of sending money still work perfectly, M-Pesa remains the ultimate choice for most simply because it is very timely and reliable. If, however the recipients of the money being sent to M-Pesa from abroad is not a registered M-Pesa user, they receive and SMS confirmation of the received funds and are asked to register within 21 days to be able to access the funds. Additionally, and for any assistance on the use of M-Pesa services, one can always call the toll-free number 100 or 0722002100.

All in all, sending money to Kenya via M-Pesa remains one of the greatest innovations in the money transfer business, and it’s just a matter of time before we can witness another revolution allowing mobile phone users to send money abroad via M-Pesa from Kenya.

What are the Challenges of Sending Money to Kenya Online?

Sending money online has made it convenient and fast for individuals to send money from any country to Kenya. While this avenue has made things easier even for emergencies, it comes with its own challenges. Kenya may have a great online platform and a wide population that is connected but the system does come with certain challenges when sending money to Kenya online. The major aspects to put into consideration will include transaction capabilities, costs, as well as trust.

Technological challenges

Sending money online to Kenya requires the use of technologically advanced equipment as well as the Internet which may at times experience hiccups. Such hiccups cause the money to arrive late or sometimes the transaction may be marked as sent whereas it did not send it. While there are ways to remedy such situations, they lead to inconvenience, frustrated clients and inefficiency in the delivery systems. 

Transaction costs

Every transaction that comes through will definitely incur certain costs depending on the amount you are sending, where you are sending it from, as well as the online platform you opt to use to send the money to Kenya. Using online money transfer platforms like KenyaPesa is meant to minimize costs and making the process convenient and fast for the client. However, the fees incurred on each transaction can make it expensive on the sender.

For individual who make frequent transactions may deem this costly but it will favor individuals who only have to make a few transactions once in a while.

Security

The security of digital money is a major challenge. There are three major concerns in this category: Concerns have been raised over the possible manipulation of the value of e-money, protection against theft, as well as unlawful encounters. Though e-money security is achieved through encryption codes (cryptography), cases of hacking do occur at times. Even with automation, programmers still have to address hacking problems and even though measures are being put in place to address this issue, there is still much more that needs to be done.

Legality and competition of different currencies  

Money that is being transferred across one state to another has to be exchanged from one currency to another. Exchange rates cannot be standardized because they are governed by different legal entities. This has raised challenges as each currency is competing in the market to strengthen its value. The rise and fall of a given currency alters the costs of sending money to Kenya online. On the online platform, different currencies are exchanging hands and ensuring that every rate is ideal for the sender can be a challenge for the money transfer service provider.

The above challenges of sending money to Kenya online tend to cause delays or loss of money. Some are temporary whereas others are continuously being addressed in an effort to boost efficiency. Growth in the Kenyan economy and improved Internet and mobile connectivity platforms has helped address some of the above-mentioned challenges. There is room for improvement and this avenue is becoming a better choice for many Kenyans living abroad.

Who What Where is KenyaPesa?

Who?

KenyaPesa is made up of a team of experts whose objective is to assist other people from East Africa who live in the diaspora  support their loved ones back home by sending cash to Kenya via Mpesa, AirTel Money, Bank Deposits and Cash pick Up from our agents in the region.

What?

KenyaPesa is money service business registered in Ontario, Canada. We provide money transfer services from Canada to Kenya.

Where?

KenyaPesa money transfer service is provided online on our website http://www.kenyapesa.com

You can pay for your order using instant transfer provided by INTERAC. It is fast and convenient.

We would like you to test drive our service for FREE. Just register for a free account, create your order, pay and send. We'll deliver the cash within 24 hours guaranteed.

You can reach our to our support team by send an email to support@kenyapesa.com or use the contact form on our website