Tips to reduce cost / improve speed

Here are some strategies:

• Plan ahead: If it’s not urgent, choose “economy” or “standard” service over “express” to save fees.
• Send less often but in larger amounts: Often there is a fixed fee or base cost; spreading that cost over more money can lower the “percentage cost.”
• Use services that allow payout to mobile wallets: If the recipient is in an area where banks are expensive or slow, mobile money can be cheaper/faster.
• Shop around: Compare several providers for your specific corridor and amount. The best provider depends greatly on the country, payment / payout method, and how fast you need it.
• Watch the exchange rates: Sometimes waiting for a favorable rate (if the app allows locking or watching) helps.
• Ensure correct recipient information: Bank name, account number, mobile wallet number, pickup location. Mistakes can cause delays or lost funds.
• Know local receiving costs: Sometimes the recipient might pay fees on their end (bank fees, mobile money fees, conversion out of wallet). It’s good to check.