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FAQ
Quick Answers for Secure & Hassle-Free Transactions
mAfriSend aims to further transform mobile financial services throughout the African continent. It will showcase the strength of Africa’s mobile industries, which have over 400 million registered accounts, making mobile money the most widely held type of digital financial service account in Sub-Saharan Africa.
FAQ
Quick Answers for Secure & Hassle-Free Transactions
mAfriSend aims to further transform mobile financial services throughout the African continent. It will showcase the strength of Africa’s mobile industries, which have over 400 million registered accounts, making mobile money the most widely held type of digital financial service account in Sub-Saharan Africa.
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Money transfer FAQs help you understand the process, fees, security measures, and timelines involved in sending and receiving money. Whether you’re using a bank, digital wallet, or money transfer service, knowing the key details ensures safe and hassle-free transactions.
1. How long does it take to send money?
The time it takes to send money depends on the method used. Bank transfers can take anywhere from a few hours to several days, while online platforms like mAfriSend may offer instant transfers. International transfers may take longer due to processing times.
2. Are there any fees for sending money?
Fees vary based on the method and amount. Some services, like mAfriSend may charge a fee for international transfers or payments made using a credit/debit card. Bank transfers may also incur fees, especially for international transactions. mAfriSend fees are structured and moderate with extreme convenience.
3. Is it safe to send money online?
Yes, sending money online is generally safe if you use trusted and secure payment platforms like mAfriSend. Ensure that the service you’re using encrypts your data and offers fraud protection. Always double-check the recipient’s details and avoid sending money to unverified parties.
4. Can I send money to someone without a bank account?
Yes, there are services like mAfriSend allows you to send money to someone without a bank account thus our mobile phone to mobile phone instant cross border payment transactions. The recipient can pick up the cash at a designated location or directly on his mobile money account wallet, often within seconds or minutes, depending on the mobile service used.
5. Send Money from an agent location
Currently, many operators provide only basic mobile money services, such as cash-in, cash-out, and peer-to-peer transfers. The main differences among them lie in the size of their agent networks, the volume of money and customer bases. With mAfriSend, peer to peer and traders can make instant payments with a reasonable volume/quota each day.
6. Quick Answers for Secure & Hassle-Free Transactions
mAfriSend aims to further transform mobile financial services throughout the African continent. It will showcase the strength of Africa’s mobile industries, with an expected 400 million registered accounts by 2035, making cross-border mobile money transactions the most widely held type of digital financial service account in Sub-Saharan Africa.
7. Are money transfers secure?
Yes, if you use reputable services like mAfriSend with encryption and fraud protection. Always verify recipient details and avoid sharing sensitive information.
8. What are the fees for sending money?
Fees vary by provider, transfer method, and destination. Some services charge a flat fee, while others take a percentage of the amount sent.