Africans in diaspora usually find it difficult to send large amounts of money (say US$20,000) through Western Union, Moneygram and other similar channels to friends and family back home.
However, this can be done quite easily via SimbaPay, a UK-based digital money transfer provider, especially by those Africans in Europe.
Not only can they send US$20,000, they also have the added luxury of sending as much as US$45,000 (can you beat that?) in a single transaction to friends and family back home in Africa.
The fact that they can send such huge amount of money all at once is the most amazing part of this offering. This means that the issue of exchange rate fluctuation, and other issues, becomes a non-issue.
“A key risk with multiple transfers was exchange rate fluctuation. Sending up to $45,000 with just our mobile app will protect senders from the fluctuation that arises when one splits up the transfer,” said Victor Karanja, Head of Operations at SimbaPay.
Africans in Europe can use SimbaPay to send large amounts of money back home instantly and free of charge. Money transferred via the service to Africa is credited instantly at the destination mobile money wallet, merchant or bank account.
“What further sets SimbaPay apart from other money transfer services is that the App can do more than just send money directly to mobile money services such as M-Pesa. SimbaPay can also send money to bank accounts in Africa and to Pay Bill merchants such as schools and utility companies,” added Karanja.
As an incentive to users, SimbaPay money transfers of more than US$3,000 will also automatically qualify for the daily SimbaPay Discounted Exchange Rates.
With the Discounted Exchange Rate, a user gets to transfer money at a more favourable exchange rate than the standard SimbaPay exchange rate.
Now that Africans in European countries can send up to US$45,000 in a single transaction, they can easily complete larger purchases in Africa such as purchases of property, vehicles and paying large hospital bills or university fees via the SimbaPay app.
To send money via SimbaPay, Africans in Europe with a bank account or debit card simply need to download the SimbaPay app from the Apple AppStore or Google Play Store and proceed to make money transfers straight from any mobile phone, tablet or computer.
SimbaPay is bringing speed, convenience and constant innovation to the international remittance space, enabling users to send money to loved ones or even vendors in Africa, from wherever they are at any time they desire through its web and native app.
With the launch of this new offering, SimbaPay has raised the bar for digital transaction providers to the African continent.
 US$3,000 was the single transaction limit before it was substantially increased to US$45,000.