How To Send Money From Ghana To South Africa With Yellow Pay
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Clinton Nwachukwu
September, 14 2023
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Why Ghana Needs Better Payment Providers
How To Send Money From Ghana To South Africa
How To Receive and Withdraw Money In South Africa Using Yellow Pay
The Safest Way to Send Money to South Africa through Yellow Pay.
Making money transfers from Ghana to South Africa is now as easy as ABC, all thanks to Yellow Pay.
You may need to send money across borders for several reasons, such as paying for goods and services and sending money to friends, family, or coworkers. Before now, it might have taken a lot of worry and stress, but not anymore.
In this article, we'll examine Yellow Pay and why it has proven to be one of the safest, quickest, and most affordable methods of sending money across Africa.
Why Ghana Needs Better Payment Providers
Several providers offer to send money from Ghana to South Africa, but with limitations. That’s why you need proper guidance to find the right payment provider.
Ghana is Sub-Saharan Africa's second-largest recipient of payments. Inflows through official channels have increased from 117.6 million USD in 2007 to an estimated 3.8 billion USD in 2018, equating to 7.4% of GDP.
Cross-border payments have become a nightmare for small business owners, as the exchange rate and fees are the primary reasons people spend too much on transfers.
Ghana needs an effective payment provider with cheaper fees, fast transaction speeds, and high security, and that is what Yellow Pay has to offer.
How To Send Money From Ghana To South Africa
Yellow Card makes it simple and trouble-free to send money from Ghana to South Africa in various ways.
Here's how to send money at the cheapest rate from Ghana to South Africa:
- Sign up on Yellow Card and verify your account:
- On the homepage, select “Pay”, then click “Send.”
- 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 proceed to send them the money with their phone number.
- Enter the amount you would like to send. You’ll see the rand equivalent the receiver will get. Select the reason for sending, then tap “Next” to continue.
- Review the transaction details, then “confirm” the transaction
- That’s all! The receiver will receive a notification informing them that they’ve received the money.
If the person you send the money to isn't a Yellow Card customer, they receive a notification to sign up and receive the money. The amount will be refunded to your account if they don’t sign up within 7 days.
How To Receive and Withdraw Money In South Africa Using Yellow Pay
Yellow Pay allows you to also request money from your friends and family. You can easily receive money in South Africa and withdraw in your local currency. All you have to do is click the "request" button and enter the sender's phone number, and the sender will receive a custom message allowing them to easily send you money.
Here’s how to receive money with Yellow Pay:
- 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.
- Withdraw to your bank account.
You can withdraw your rand directly to your bank account through either Electronic Funds Transfer (ETF) or Instant Bank Withdrawal
For Electronic Funds Transfer (ETF):
- Click on “Withdraw” and then the “Electronic Funds Transfer” Option
- Enter the amount you wish to withdraw
- Select bank account
- Confirm the transaction and enter your transaction Pin
For Instant Bank Withdrawal:
- Click on “Withdraw” and then the “Instant Bank Withdrawal” Option
- Enter the amount you wish to withdraw
- Select bank account
- Confirm the transaction with your pin
- That’s all! You’ll see the rand reflected in your bank account almost instantly.
Remember, the money in your account is yours, and you can choose to hold it in the account or withdraw it instantly at any time of your choice.
The Safest Way to Send Money to South Africa through Yellow Pay.
Beyond economic benefits, Yellow Pay will drive pan-African relationships between African countries and globalisation.
Yellow Pay is the brainchild of the Yellow Card brand and is operational in over 15 African countries where you can send money at no extra cost.
Yellow Card strives to provide financial inclusion in Ghana, South Africa, and across Africa, which is why Yellow Pay is here to make your payments easy and cheap.
Disclaimer: Yellow Pay uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT. Yellow Pay is not a money remittance or foreign currency exchange 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.