For years, sending money from Canada to Africa was a complex and costly process for African immigrants. Options were limited, transfers were often lengthy and fraught with administrative complications. Faced with these challenges, Transfergratis has come up with a solution that perfectly meets the needs of the diaspora: a no-fee service that offers transfer options via mobile money and bank deposit. This innovation enables users to send money quickly and directly, without the burden of high fees, offering a simple and economical alternative. Helping loved ones in Africa is now easier than ever!
I - Mobile money transfers: A solution tailored to local needs
Mobile money, or payment by phone, refers to the use of cell phones to carry out financial transactions. It enables people to transfer money, pay for goods and services, and access basic banking services. This technology is particularly useful for those who don’t have a bank account, as it enables them to manage their money and make purchases directly from their phone. In many African countries, including those covered by Transfergratis such as Cameroon, Benin, Ivory Coast, Gabon, Burkina Faso, Ethiopia and Togo, the mobile money service has become essential, enabling people to receive funds via platforms such as Wave, Orange Money, MTN Mobile Money, Tele Birr, Moov, Airtel Money and Tmoney.
With Transfergratis, recipients receive their money directly into their mobile account, without having to visit a bank or transfer office. Once they’ve received the funds, they can withdraw money from an ATM or make payments directly via mobile money. This solution is fast and efficient, especially for those living in areas where access to banking services is limited. With Transfergratis’ no-fee service, you can send money for free, saving you money and sending even more money with no hidden charges. For example, if you make a transfer of $1,000 from Canada to Togo via the app, and today’s exchange rate is 430 FCFA to $1, the recipient will receive exactly 430,000 FCFA, without any deductions.
Transfergratis not only offers mobile money transactions, but also free bank deposits.
II - Free bank deposits: Flexibility for large transactions
In addition to the mobile money service, Transfergratis also enables funds to be deposited directly into beneficiaries’ bank accounts in Africa. This option is particularly suitable for sending larger amounts, e.g. for entrepreneurial projects, funding charitable projects, or supporting savings accounts in home countries. Bank deposits with Transfergratis are free of charge and combine security and efficiency.
By choosing this option, you can take full advantage of every cent you send, like Karine, who has been living in Montreal for two years and uses Transfergratis to fund her savings account in Cameroon “Thanks to Transfergratis, I can save for my children and guarantee their financial security. The absence of transfer fees allows me to send more, and the funds arrive secure and immediately available.”
Jérémiah, a young Ethiopian entrepreneur, also confided in using Transfergratis to develop his business in Ethiopia: “With my logistics services business, I often need to send funds for the salaries of my employees in Ethiopia. Transfergratis has become a valuable ally for me, as I can make bank deposits directly into their accounts at no cost. The speed and reliability of the service are essential to ensure that my employees receive their pay on time, which boosts their confidence and motivation.”
It’s important to note that bank deposits are fast, usually processed in less than 24 hours.
Ultimately, Transfergratis is the perfect solution for all your transactions to Africa. It transforms the way you send money by offering a free, flexible and accessible service, whether by mobile money or bank deposit. By choosing Transfergratis, you’re not just sending money; you’re helping your loved ones and contributing to their financial well-being, while keeping your expenses under control.
So don’t wait any longer and install your application today to benefit from all the advantages.