While the convenience of your local bank may be an option, their services don’t come cheap. Banks offer weaker exchange rates, higher fees and fewer options to send and receive cash when compared with a money transfer service.
Companies that do international money transfers in South Africa
Sikhona Money Transfers
Sikhona Money Transfer was established in 2010 with the aim to enhance the lives of people, by providing them with the most affordable, safe, and fast way of transferring money to their loved ones.
It is a division of Sikhona Forex (Pty)Ltd. and an Authorised Dealer with Limited Authority (ADLA) that is licensed by the South African Reserve Bank.
Sikhona Money Transfers’ financial expertise and years of experience, and dedication to providing the highest-quality customer service, have enabled them to assist the lives of millions of people in more than 168 countries worldwide.
South African information centres can be found in Athlone, Johannesburg, Fordsburg, Pretoria, Mitchell’s Plain and Port Elizabeth.
Sikhona Money Transfers, in partnership with RIA, lets you make rapid, safe, and cost-effective RIA money transfers in South Africa.
RIA Money Transfers
Ria Money Transfers is one of the world’s fastest-growing money transfer companies, with 500 000 locations in over 168 countries, including South Africa
Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc., a company that specialises in money transfers. Ria is one of the top four remittance firms in the world and processes transfers through a network of agents and company-owned stores throughout North America, Latin America, Europe, Asia-Pacific, Africa, and online.
The Ria Money Transfer App is accessible in the United States, Canada, and the majority of European nations. The app, which has over 1,000,000 downloads, allows consumers to transmit money through Ria’s global network.
Customers may use Ria Money Transfer’s mobile wallet network to send and receive money from South Africa. Sub-Saharan Africa has the highest remittance expenses, yet it is also the most developed in terms of mobile wallets. Ria clients may use their mobile phones to send funds to Qmoney subscribers thanks to a relationship with the Gambia’s mobile money network Qmoney.
Sikhona’s partnership with Ria, which was formed in 2018, provides one of the safest methods for international money transfers in South Africa, including cash pick-up, bank deposit, and mobile wallet top up services, 24 hours a day, seven days a week, hyper-efficiently and without service interruptions.
International companies that do international money transfers in South Africa
This company has no transfer fees or hidden charges and serves over 325,000 active clients. You can choose between more than 40 currencies and transfer over the phone, online or via their app and get service from over 20 offices worldwide
Transfers are limited however to £25,000 or currency equivalent.
WorldRemit is simple to use without the need to visit an agent. Money can be sent from your smartphone or computer in 70 currencies to 130 countries.
It uses industry-leading technology that protects your money and guarantees it arrives safely every time – 95% of its transfers are ready in minutes.