In today’s era, the world is interconnected, and the need to transfer funds across the world has become increasingly needed. People from across borders of the world can send financial support to their loved using Transferwise. Transferwise, now known as Wise, is a fintech company that offers international money transfers at a very cheap rate compared to traditional banks. It has gained popularity due to its transparent fee structures and its user-friendly platform.
Here is a complete guide on how to transfer funds from Germany to Mpesa using Transferwise
1. Sign up for a TransferWise account: Visit the TransferWise official website or download the mobile app and create an account. Provide valid personal details as required and verify your identity after completing your account.
2. Choose your transfer details: Enter the amount you wish to transfer from Germany to M-Pesa, considering the currency conversion rates. TransferWise often offers real-time exchange rates with minimal requirements, engaging a fair deal for your transfer.
3. Enter the recipient details: Input the recipient’s mobile number linked to their M-Pesa and ensure it is correct to avoid any inconvenience or delays in the transfer process.
4. Confirm and Review the transfer: You should double-check all the information you have provided, such as the recipient’s information and the amount to transfer. Before proceeding to pay for the transaction using Transferwise, ensure that you confirm the transfer.
5. Keep Track of the Transfer: Upon completion of the transfer, TransferWise provides real-time tracking of your transfer using the tracking number provided. It allows you to monitor the progress from the beginning to completion. You will receive an update message at every stage of the transfer process, informing you every step of the way.
6. Funds delivered into M-Pesa: Upon transfer completion, the recipient’s account will be credited with funds available for immediate use. You can use this money to pay bills, purchase time, and even allow withdrawal options.
Transferwise is a straightforward and most efficient way of transferring funds from Germany to Mpesa due to its cost-effectiveness, secure, and user-friendly platform. Following the above steps, one can seamlessly transfer funds globally, supporting your loved ones and growing businesses. We should embrace the power of digital financial services and choose the most suitable money transfer platforms, such as Transferwise.
