When we ask “the right” method for money transfer to Uganda, we know that the issue is highly subjective. The explanation is simple: as consumers, we are exceptional in dealing with money. When it comes to sending and receiving money, every consumer has different choices. Some prefer reasonable exchange rates, and some prefer timely delivery.
To send money to Uganda, you will always go for options that you feel confident with and provides seamless delivery of funds. Money transfer service providers vary from each other considering customer needs and requirements.
How To Choose the Best Money Transfer Provider
The choice of the wrong provider can change the cash flow by several GBPs or UGX, depending on the amount you submit or receive. Therefore, the best solution for you is a specialist money transfer provider.
Digital firms have used innovative technology to speed up, allow cheaper and simpler transfers of corporation money internationally. Instead of conventional options such as Western Union or Ria, it’s worth looking at digital providers alone for online money transfer to Uganda and other countries worldwide.
There can be various advantages for each provider. Some can send money quicker but charge more, other providers may be cheaper, but they may not have your preferred method of sending money. Prioritization of the cost, speed, availability, and customer service of your preferences will help you decide which service provider is right for you and avoid deceptions like these.
Things To Consider To Get A Good Exchange Rate
The most important thing when making a money transfer is the exchange rate. Exchange rates can change rapidly, and transfer fees can be created (and added) without you realizing it – so it is essential to consider the following key indicators.
- Evaluate the exchange rates
- Compare cash transfers to find competitive budget rates
- Shift your money to the best possible rate at the best time (in accordance with the movement of the market)
- On the day you move, the sum that your money is converted to depends on the exchange rate
If you keep in mind these factors, you will get the best possible exchange rates.
Best Way To Send Money To Uganda
In July 2020 alone, Reuters claimed to notice $1.2 billion in transfers from Overseas workers from Uganda to Uganda, which is the largest in the country’s history. From the above astonishing figures, it can be noted that Uganda has an emerging remittance market. With increasing cash inflows, international money transfer service providers are also launching their services in the local market.
It is tough to decide on a service through which a customer can transact confidently from several options available. The best service is the one that offers the best exchange rates, timely transactions, and secure transfers. But does a service exist that holds all of these features?
One such service provider that offers all-in-one facilities to their valued customers, ACE Money Transfer, operates in Uganda to facilitate both the sender and receiver to send money to Uganda online and receive money through a mobile wallet. ACE provides the best exchange rates and the most secure transactions. The company aims to be a part of the digital revolution in Pakistan, participating in mega awareness campaigns and offering bumper offers to its customers.