Send And Receive Money Locally and Across Africa Instantly In Uganda 

Local and Cross-border payments or transactions have been a significant challenge for businesses and individuals across the globe, and Uganda is no exception. While there have been numerous technological initiatives to solve these problems, Ugandans still have to deal with high fees when sending money.

At the same time, the unbanked and underbanked have to struggle with the daunting task of documentation and travel long hours to the traditional bank to process transactions. It is even more distressing as these banks have specific working hours, making it difficult to send money in emergencies. Additionally, these transactions take long processing times, which is very unreliable.

There is a need for a sustainable means to send money to our family and friends spread across the country and Africa, as well as for businesses. Yellow Pay, a payment product of African fintech, Yellow Card, is increasingly popular among Ugandans for sending money across Africa. 

Why Yellow Pay Is The Best Alternative To Send Money Locally and Across Africa

Yellow Pay makes it easy to process both local and cross-border payments. Here’s why Yellow Pay is considered a trusted platform for sending money from Uganda:

1. Zero Fees: The best part about Yellow Pay is that it is completely free! You can send or receive money to over 15+ African countries from Uganda without cost. This is a great advantage for individuals who frequently make cross-border payments and want to avoid paying high fees.
2. Instant Transactions: Additionally, Yellow Pay is incredibly fast and efficient, allowing you to send money instantly across Africa with ease. This makes it an excellent option for individuals who need to send money urgently, whether for personal or business reasons.
3. Easy to use: Another significant benefit of Yellow Pay is its accessibility. The easy-to-use app is available on both the Play Store for Android and the App Store for iOS, enabling you to send and receive money anywhere. You can use Yellow Pay to complete transactions in seconds without stress. 
4. Security: Yellow Pay is incredibly secure, with a platform protected by advanced security measures. Additionally, you enjoy 24/7 customer service agents, providing peace of mind when sending and receiving money.
5. Send and receive money in your local currency: Yellow Pay allows you to send and receive money in your local currency, which is a significant advantage for individuals who want to avoid the hassle of currency conversion. For example, if you send Ugandan shilling (UGX) to a friend in Kenya, the friend automatically receives Kenya shillings. This feature saves you time and money while ensuring your recipient gets the exact amount you intended to send.

How To Send Money Across Africa Using Yellow Pay

Yellow Pay allows you to send money across Africa at zero cost easily. Here’s how to send money from Uganda via Yellow Pay: 

1. Sign up on Yellow Card and verify your account: 
2. Fund your UGX wallet with iinstant payments or directly via Bank Transfer. 
3. On the homepage, select “Pay”, then click “Send.”
4. Select the country code, enter the recipient's phone number, and tap “Check phone number.”
   If the person isn’t a Yellow Card verified user, you can invite them to open a Yellow Card account. However, you can still send them the money with their phone number. 
5. Enter the amount you would like to send. You’ll see the equivalent in the receiver’s local currency. Select the reason for sending, then tap “Next” to continue. 
6. Review the transaction details, then “confirm” the transaction

That’s all! The receiver will receive a notification informing them they’ve received the money. 

If the person you send the money to isn't a Yellow Card customer, they receive a notification to signup and receive the money. The amount will be reverted to your account if they don’t sign up within 7 days. 

How To Receive Funds via Yellow Pay and Withdraw with Instant Payments

Yellow Pay allows you to also request money from your friends and family. All you have to do is click on the “request” button, add the sender’s number, and the Sender receives a custom message allowing them to send you money easily. 

Here’s how to receive money with Yellow Pay and withdraw to your account seamlessly:

1. Log in on Yellow Card. Sign up on the platform if you received money but are not a Yellow Card customer.  
   NB: Sign up only with the registered number the sender used when setting up your account. Once you sign up and verify your account, you’ll see the amount reflected in your account in your local currency.
2. Withdraw to your bank account via instant payments

• Click on “Withdraw”
• Enter the amount you wish to withdraw
• Follow the prompts to withdraw the funds. 

That’s all! You’ll see the UGX reflected in your chosen account almost instantly. Remember, the money in your account is yours, and you can choose to hold it in the account or withdraw instantly at any time of your choice. 

In conclusion, Yellow Pay is an excellent solution for individuals seeking a hassle-free and cost-effective way to make cross-border payments. Its accessibility, speed, security, and ability to transact in local currencies make it a prime choice for Ugandans.

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