Send Money to AfricaJohn October 2, 2019 0 COMMENTS
Africa is the world’s second-largest continent. People of Africa strongly need to send money to their family. Send money to Africa is not an easy play. The exchange rate has a greater trend of changing from time to time. Many reliable sources are giving competent ways to send money online to Africa.
The Gambia is also the smallest area of Africa. The new methodology of transferring money online makes this smallest area to be the best one.
Analysis of World Bank
According to the recent analysis of the World Bank, the sending cost of the remittance to Africa is much higher than any other region. In 2018 near $40 billion will be sent to Africa from people working abroad. In the first quarter of 2018 having average, to send $200 to and fro the country in the region will cost $19.This is more than 20% higher than the charge for remittance to any other region.
Remittances are particularly important to certain countries. In Liberia, Comoros and the Gambia, remittances make up over 20% of GDP. Even in Nigeria, Africa’s largest economy, remittance was worth 5.6% of GDP in 2017.
Why Exchange Rate Matters?
The exchange rate matters a lot while sending money online to any country. The exchange rate determines how much the currency of a country have worth in another country. When the currency of the country is strong enough, it will yield more money. Exchange rates are flexible means varies from time to time due to interest rates, economic stability, and inflation.
What to know about Send money to The Gambia?
The Gambia is a small country in West Africa. People of Gambia are looking for the best channel to send money. The Dalasi is the official currency of Gambia. Many travellers visit Gambia having US dollars in cash. They need to exchange their money. Many foreign exchange bureaus in the city will accept the US dollar for Gambian currency.
It is necessary to know the exchange rate between the US dollar and the Gambian dalasi. The online money transfer services are the most reliable and efficient way. Transactions are generally quick and fast. Fees are competitive and exchange rates are much better than the traditional banks.
Factors for comparison to sending money to The Gambia
Online transfer money makes the world of transaction quick and secured. Many companies are leading in this business. So it is important to compare money transfer services across different parameters.
· Ways to send money
The most important factor to send money to the Gambia online is the way. If you have a bank account and it allows you funds to transfer for the Gambia, then you can start this process in person online or over the call. Some companies operate their services to send money in person.
· Minimum limit
Some money transfer companies have limitations in locations and cash. Usually $500 to $1,000 is mentioned.
· Customer Service
Customer Service of any company matters while sending money online. This will help you to send money to the Gambia a lot. The company representative will satisfy your need for the transaction. You can remain in touch with the company representative through chat, email, and phone.
Quick Methods to send money online to Gambia and Africa
- Bank Transfer
- Money transfer providers
- Companies with cash pickup
What are the steps for money transfer the Gambia?
- Register for an account with a provider along with the selected payment method giving your necessary detail regarding your address, contact details, and proof identity.
- Supply your recipient’s name, bank account detail and contact of the recipient.
- Enter the amount of transaction and complete the transaction.
- Keep the track of any receipt for tracking the progress.
The top outstanding companies to send money to Gambia online
There are many ways to send money to Gambia in Africa. You can easily choose the international provider to the Gambia.
Ping Money transfer your money online to the Gambia from the United Kingdom. It is simple, authorized and faster service.
Money in Minutes by Western Union
Western Union has a big network in the world for money transfer Gambia. 500,000 western union agent locations in over 200 countries and territories make the Western Union competitive. Many good ways are available for wiring money to The Gambia.
· Money through Western Union Agent
This is known to be an in-person method via visiting an agent. The receiver can collect the money from any location around the 10 minutes of the money wire in the Gambia.
· Money sending online using Western Union
To send your money within time through Western Union, you need to register yourself. You can easily register your ID without any charges. The user can use credit or debit card for the transaction.
· Money into Bank Using Western Union
You can easily send money to the Gambia by Bank. The money sent will be deposited into the receiver account usually between 1 to 3 working days depending on the destination country.
Faster and Cheaper method to send money to Gambia (SENDVALU)
One can easily know how faster online transfer to the Gambia is possible by using SENDVALU. The money is usually ready for the pickup within 24 hours. If you go for the option cash payout as a legal customer, the money is ready for pickup on the same day or next business day. You can save up to 90% of the money as compared to bank transfer using SENDVALU. This service provides the cheapest charges for money transfer to the Gambia.
ACE Money Transfer
ACE is providing instant money transfer Gambia policy.ACE is remarkable in the online transaction business having the low charges and quick service. Transfer money to the Gambia is convenient and safe. Cash pickup for the Gambia is Yonna Forex. You can easily track your transaction and exchange rate by using the ACE mobile app.ACE also take care of its customer and update them with the new discounts and other attractive services by social feeds.
Urgent Transfer money to The Gambia
Sometimes you need to send money the online Gambia called as emergency cash transfer like if your friend or loved one is travelling through the country and loses a wallet. So what to do at that time. ACE will be the best option for you. As you know that fastest possible transfer will result in the expensive transfer but still ACE is looking for you.
Other Services: Send money to Gambia Online
- International Money Transfer FX
- Orbit Remit Global Money Transfer
- Xpress money
- Ria money transfer
How to send money from Australia to the Gambia
The Gambia is the smallest nation in Africa. There is a huge money transfer rate from Australia to the Gambia. You can send money to the Gambia from Australia in a different way.
You can transfer you cash directly into the recipient’s bank account. This can be done if you have an overseas bank provides online access. You can also collect the cash bank-issued drafts, Cheques or money orders via mail.
Looking for cash in person, money transfer companies such as Western Union and MoneyGram have the centres in the Gambia. You can use their services that are favourable in terms of the exchange rate and safety. Another best option to send money Gambia online is PayPal. Receiver and sender both should have the PayPal account.
Monito is spread out all over the world for money transfer from any country to the Gambia. Money exchange rate of Monito gives you to save your amount for other needs. One can easily send money from the United Kingdom, United States, Finland, Belgium, Estonia, Spain and Netherlands to the Gambia.