How to Send Money From Cameroon to Kenya Through Yellow Pay
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Cedric G.
September, 14 2023
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Sending and receiving money is a practice as old as the existence of the human race. New financial technologies are paving the way for easy and transparent transfer of money within Africa. Yellow Pay is the newest way to pay.
Sending and receiving money is a practice as old as the existence of the human race. Every now and then, we either send money to or expect an alert from a friend, family or business partner.
Some years ago, everyone relied on banks to send money to different destinations.
But nowadays, new financial technologies are spreading like wildfire and simplifying the process of sending or cashing out money.
Even though the regulation of money circulating within the economy is still under the supervision of the Central Bank, both people and institutions are progressively opting for other means to send money due to the difficulties encountered when using banks and other money transfer agencies.
As such, Yellow Pay, a payment product of Yellow Card stands out in offering fast, reliable and easy money transfer service.
What is the Challenge of Sending Money From Cameroon to Kenya?
Sending money from Cameroon to Kenya ought to be easy because both countries are on the same continent, but surprisingly, it is not the case. Well, there are a few challenges that senders have to face each time they want to engage in such transactions.
High transaction costs
Commercial Banks and other money transfer agencies like RIA and Western Union charge exorbitant fees for sending money from Cameroon to Kenya and other African countries.
This is because most banks have to send the amount requested by their clients in USD. And for that, they need to buy USD before sending it to the client in Kenya, who will then have it converted into KES before they withdraw. Consequently, clients must pay for the constant value fluctuations between the XAF and USD.
Time-consuming
A major factor that makes clients reluctant and critical of banks is the time they have to spend on making transactions. It is common to hear most Cameroonians complaining at banks about queueing up and filling out transaction forms.
Moreover, apart from filling out the said forms, they are often requested to submit an identification document to the Teller before they can start the transaction process.
Clients end up frustrated and angry.
Transaction limits
There are limitations to the amount of money you can send in one transaction, and this varies per client. Consequently, to send any amount above your limits, you will need to provide additional documentation that permits you to carry out such transactions. Conversely, you may have to send the amount in several instalments or use a different money transfer agency. This can be very stressful.
If you have ever experienced any of these challenges, we bring you good news. Yellow Pay, a payment solution of Yellow Card, is available to offer you an amazing and seamless money transfer service, free of charge.
Top Three Reasons to Use Yellow Pay to Send Money
- Fast and Easy
From your mobile phone, send XAF to family or friends in Kenya, and they will instantly withdraw KES without having to queue up in any bank. - Convenient and Secured
On Yellow Pay, you only need the receiver's mobile telephone number and the amount you want to send. - Reliable and seamless
Through Yellow Pay, you can send money to non-users of Yellow Card, and they will receive their money after creating an account on Yellow Card. If they do not create an account to receive their money, the total amount will be sent back to your account after seven days.
How to use Yellow Pay to send money
To send money from Cameroon to Kenya using Yellow Pay, follow the steps below:
- Sign in to your Yellow Card application
- Fund your Yellow Card Account
- Select the Yellow Pay icon and enter the recipient’s phone number
- Enter the amount you want to send
- Review the transaction details, then “Confirm”
Transaction completed!
Your recipient will receive a text message with the amount sent and a link to open/download the Yellow Card app. (If they still need to become a Yellow Card user).
How to Withdraw Money from Yellow Pay in Kenya
WIth Yellow Pay, you can request money from your loved ones and family and receive the money in Kenya directly in your local currency. Withdraw your funds using Mobile money after receiving it with Yellow Pay.
From your dashboard, follow the instructions below
- Select withdraw.
- Select Mobile Money
- Enter the amount you want to withdraw.
- Enter your mobile phone number and Mobile Money provider.
- Confirm the withdrawal details and input your 4-digit PIN.
- Your money will be instantly sent to your Mobile Money account.
In a nutshell
With Yellow Pay, your desire for fast, reliable and secure transactions is guaranteed. Besides, you can use Yellow Pay to send money across 15 other African countries.
Yeah! Keep smiling because we will always be available to offer you excellent service.
Disclaimer: This article is for information purposes only and should not be construed as legal, tax, investment or financial advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement or offer by Yellow Card to buy or sell any digital asset. There is risk involved in investing or transacting in digital assets, please seek professional advice if you require one. We do not assume any responsibility or liability for any loss or damage you may incur dealing with digital assets. For more information on Digital Asset Risk Disclosure please see - Risk Disclosure.