How Money Transfer Fuels African Economies Including Gambia?

The Gambia, like many nations in Africa, is a developing nation. It is still trying to grow its economy through trade and many other ways. Many businesses are trying to expand themselves in the Gambia because of how it is growing in Africa.

Out of all the African countries, Gambia has been slowing growth in the economy mainly due to globalization and the internet.

People have been going out of Gambia to other countries to work, and the money they have been sending back is strengthening the economy, this is all due to money being able to be sent fast and securely.

There are many ways to send money to Gambia such as checks, the old fashioned way of sending money, or through remittance agencies, but many people are using the latest technologies to send money online through online money transfer solutions.

There are two best ways of money transfer to Gambia through online mediums, and they are the following:

Send money online through our web portal or online money transfer app. Both these options are great to send money to Africa.

If you do have an online banking feature then you can opt for online money transferring solution, both are the same but somewhat different. They will be discussed below to show properly which provides even more benefits than the other.

How Online Banking Boosts Financial Inclusion in the Gambia?

Online banking is the evolved form of brick-and-mortar banks. In the past, you had to visit a bank to make any kind of money transfer. You had to wait in long lines for hours, you had to wait for the office hours to visit a bank to send money.

And when you wanted to send money globally at night, the banks would be closed. This has changed now due to the advent of the internet.

The internet has evolved every single sector, has made everything more accessible, the same way money transferring has become very accessible and convenient, now anyone can transfer money at the comfort of their fingertips while eating breakfast or dinner.

How Digital Banking Boost Gambia Economy?

The procedure is simple. First of all, you have to go to your bank and get yourself biometrically verified. This is the most important step of all.

Secondly, you have to register on the provided mobile applications or through the website to be able to online money transfer. Thirdly, you have to have the necessary information on the receiver and have to fill in the specific places to be able to make an accurate payment.

How to Send Money to the Gambia with the Right Merits?

This type of service, like online banking, is very accessible, works in the same way, by simply going to the service’s website or downloading their mobile application.

Once that is done, you have to sign up and login afterwards. After that, you will have to provide the necessary details of the receiver as well as yours and place the amount and send it. Hence, online money transfer to Gambia is made possible through it.

The difference between online banking and this service is that online banking has an additional fee, not so good exchange rates, and no special options.

You have to go through a long process to be able to make online banking possible while through this online money transferring service, you can simply just go to the app or website and send money easily.

ACE Money transfer provide you with one of the best services. You can send money anywhere and anytime to over 100 countries around the globe in a matter of minutes.