The British money transfer service Taptap Send has launched its services to Kenya. Kenyans in Europe can now send money for free to M-Pesa mobile wallets and bank accounts in Kenya.
Taptap Send earns a small amount on the difference in the exchange rate we receive from partners and the exchange rate customers receive on their transfers. There are no further fees from our end regardless of the sent amount.
The new service allows people to send money to Kenya from the United Kingdom, France, Italy, Spain, Belgium, Germany, and the Netherlands.
International money transfers make up a significant part of household income in Kenya. Remittances help families pay for school fees, medical care, utility bills, and start businesses. According to the Central Bank of Kenya, remittance inflows increased to US$3,094 million in 2020 from US$2,796 million in 2019, which was an increase of 10.7 percent.
Taptap Send pools together transfers from all customers every day to negotiate hard on behalf of you to get the best possible rate – much better than what each individual customer could get alone. We keep part of the gain to pay our own bills and pass the rest of the gain on to you. Our aim is to offer you an exchange rate that is as close as possible to the real exchange rate that you.
The UK registered money transfer service has been operating in partnership with mobile money service providers in Africa since 2018. Other African countries you can send money for free using Taptap Send are Ivory Coast, Senegal, Mali, Ghana, Guinea, Cameroon, Madagascar, and Zambia.
Best Money Transfers to Kenya
Other alternatives for sending money to Kenya to your loved ones include WorldRemit, Xoom, Remitly, Exchange4Free, and SimbaPay. You can also use crypto-based remittances startups such as BitPesa and BitLipa.