Affordable and Intelligent International Money Transfers for Ghanaians via BestRatesApp.com
In the world of international money transfers, finding the best deal can be a daunting task, especially when it comes to remittances to Africa. This is where the BestRates app comes in, revolutionizing the way users send money to countries like Ghana and others across the continent.
According to recent estimates, in 2023, Ghanaians abroad sent home an astounding USD 4.9 billion in remittances, making it a larger source of foreign exchange than cocoa exports [1]. Recognizing the importance of this financial lifeline, BestRates (formerly Pesa) has developed a platform that aims to make money transfers to Ghana and the rest of Africa smarter, faster, and cheaper.
The BestRates app is a real-time remittance comparison platform that provides access to real-time exchange rates, historical data, and alerts when a provider offers the best deal in a specific corridor [2]. By using BestRates, users can potentially increase the amount their loved ones receive in Ghana. With the app, users can see exactly how much their recipient in Ghana will receive in GHS.
One of the standout features of BestRates is its commitment to zero transaction fees and competitive exchange rates. Users can manage multiple currency wallets and send money quickly with no hidden fees. The app supports sending money to several countries including Ghana, Kenya, Nigeria, and others, offering instant transfers and multi-currency management that lets users hold and convert funds between currencies such as CAD, GBP, EUR, GHS, and more [3].
The BestRates app is designed for both web and mobile devices, boasting a clean and simple interface. Users can instantly compare exchange rates and fees from top remittance providers like Wise, Remitly, WorldRemit, and more, all in one place [4]. The platform eliminates the need for manual comparisons, saving users time and effort.
Beyond the consumer-facing platform, BestRates offers a powerful API for use by startups, NGOs, and Fintech companies [5]. The API provides real-time exchange rate data and alerts when a provider offers the best deal in a specific remittance corridor. For instance, sending £100 to Ghana, Wise might offer ₵1,725, while another app offers ₵1,640, a difference of ₵85 that accumulates for frequent or business transfers.
In summary, BestRates specializes in no transfer fees and no hidden costs, instant or near-instant international money transfers, managing and exchanging multiple currencies easily, and access to competitive, real-time exchange rates tailored for African currencies including the Ghanaian Cedi. This combination helps users maximize the amount of money received when transferring funds to Africa by reducing both fees and unfavorable exchange rates.
For those looking to send money from the UK, US, Canada, Europe, or Australia to African countries, including Ghana, the BestRates app is the most effective way to send money, offering a smart and efficient solution to a common problem.
[1] World Bank. (2023). Ghana Remittances. Retrieved from https://data.worldbank.org/indicator/BX.TRF.PERC.GD.ZS?locations=GH [2] BestRates. (2023). About Us. Retrieved from https://www.bestratesapp.com/about [3] BestRates. (2023). Currencies. Retrieved from https://www.bestratesapp.com/currencies [4] BestRates. (2023). Providers. Retrieved from https://www.bestratesapp.com/providers [5] BestRates. (2023). API. Retrieved from https://www.bestratesapp.com/api
In the realm of personal-finance, particularly international money transfers, BestRates app represents a technological innovation, offering a platform that makes money transfers to countries like Ghana more efficient, swift, and cost-effective. By utilizing the BestRates app, users can potentially enhance the amount their loved ones in Ghana receive, thanks to its zero transaction fees, competitive exchange rates, and multiple currency wallet management capabilities.
