Revolut to
Mpesa: How to Send Money from Revolut to Mpesa in 2023
In the past,
sending money from one country to another was a complex and time-consuming
process. However, with the advancement of technology and the introduction of
digital payment systems, sending money across borders has become more
accessible and faster than ever. In this article, we will explore how to send
money from Revolut to Mpesa, the popular mobile money transfer service in
Kenya.
Table of
Contents:
- Introduction
- What is Revolut?
- What is Mpesa?
- How to Set up a Revolut Account
- How to Add Funds to Your Revolut
Account - How to Add Mpesa as a Recipient
- How to Send Money from Revolut to
Mpesa - Revolut to Mpesa Transfer Fees
- Revolut to Mpesa Transfer Limits
- Revolut to Mpesa Transfer Time
- Security and Safety
- Advantages of Using Revolut to
Mpesa Transfer - Disadvantages of Using Revolut to
Mpesa Transfer - Alternatives to Revolut to Mpesa
Transfer - Conclusion
- FAQs
What is
Revolut?
Revolut is a
digital bank that provides financial services to individuals and businesses. It
was founded in 2015 in the United Kingdom and has since expanded its services
to over 30 countries, including the United States, Australia, and Canada.
Revolut offers a range of financial services, including currency exchange,
international money transfers, budgeting tools, and cryptocurrency trading.
What is
Mpesa?
Mpesa is a
mobile money transfer service launched in Kenya in 2007. It allows users to
send and receive money, pay bills, and buy goods and services using their
mobile phones. Mpesa has since expanded its services to Tanzania, South Africa,
Mozambique, and several other African countries. It has become a popular
payment method, especially among those who do not have access to traditional
banking services.
How to Set
up a Revolut Account
Setting up a
Revolut account is a simple process that can be completed in a few minutes. To
get started, download the Revolut app from the App Store or Google Play Store.
Once you have downloaded the app, follow the on-screen instructions to create
an account. You will need to provide your personal information, including your
name, address, and date of birth. You will also need to verify your identity by
providing a valid ID.
How to Add
Funds to Your Revolut Account
To use Revolut
to send money to Mpesa, you will need to add funds to your Revolut account.
There are several ways to add funds to your account, including bank transfer,
debit card, credit card, and Apple Pay. Once you have added funds to your
account, you can exchange them for Kenyan Shillings (KES) to send money to
Mpesa.
How to Add
Mpesa as a Recipient
To send money
from Revolut to Mpesa, you will need to add Mpesa as a recipient. To do this,
open the Revolut app and navigate to the 'Payments' tab. Click on the 'Add New
Recipient' button and select 'Mpesa' from the list of available options. You
will need to provide the recipient's name, phone number, and Mpesa account
number.
How to Send
Money from Revolut to Mpesa
Once you have
added Mpesa as a recipient, you can send money from Revolut to Mpesa. To do
this, navigate to the 'Payments' tab in the app and select the recipient you
want to send money to. Enter the amount you want to send and confirm the
transaction. The money will be deducted from your Revolut account and credited
to the recipient's Mpesa account.
Revolut to
Mpesa Transfer Fees
Revolut charges
a small fee for international money transfers, including transfers from Revolut
to Mpesa. The fees may vary depending on the amount of money you are sending
and the currency exchange rate. However, Revolut offers very competitive fees
compared to traditional banks and other online money transfer services.
Revolut to
Mpesa Transfer Limits
Revolut has a
limit on how much money you can send from your account to Mpesa. The limit may
vary depending on the country you are sending the money from and the
recipient's Mpesa account. However, the limit is usually around $5,000 per day.
If you need to send more money, you may need to split the transfer into
multiple transactions.
Revolut to
Mpesa Transfer Time
Revolut to
Mpesa transfers are usually completed within a few minutes, depending on the
time of day and the recipient's Mpesa account status. However, some transfers
may take longer to process, especially if there are issues with the recipient's
Mpesa account. It is advisable to confirm with the recipient that the money has
been received before making any further transactions.
Security and
Safety
Revolut uses
advanced security measures to protect your account and transactions. The app
uses biometric authentication, including fingerprint and facial recognition, to
ensure that only you can access your account. The app also uses encryption to
secure your data and transactions. However, it is essential to ensure that you
keep your login details safe and avoid sharing them with anyone.
Advantages
of Using Revolut to Mpesa Transfer
Using Revolut
to send money to Mpesa has several advantages, including:
- Fast and secure transfers
- Competitive fees
- Easy to set up and use
- Allows you to track your
transactions in real-time - Available in multiple currencies
Disadvantages
of Using Revolut to Mpesa Transfer
Using Revolut
to send money to Mpesa may have some disadvantages, including:
- Limited transfer limits
- May take longer to process if there
are issues with the recipient's Mpesa account - Requires the recipient to have an
active Mpesa account - May not be available in some
countries
Alternatives
to Revolut to Mpesa Transfer
If Revolut is
not available in your country or you prefer to use a different platform to send
money to Mpesa, there are several alternatives to consider. Some of the popular
alternatives include:
- Western Union
- MoneyGram
- WorldRemit
- PayPal
Conclusion
Revolut to
Mpesa transfer is a fast, secure, and convenient way to send money to Kenya,
Tanzania, South Africa, and Mozambique. The process is straightforward and can
be completed in a few minutes using the Revolut app. With competitive fees and
advanced security measures, Revolut is a reliable platform for international
money transfers. However, it is essential to keep your login details safe and
avoid sharing them with anyone. If you encounter any issues during the transfer
process, you can contact Revolut's customer support for assistance.
Don't forget to
try out Revolut to Mpesa transfer for your next international money transfer
and enjoy the benefits of fast and secure transfers.
FAQs
- Can I use Revolut to send money to
Mpesa in other countries besides Kenya?
- Yes, you can use Revolut to send
money to Mpesa in other countries where the service is available,
including Tanzania, South Africa, and Mozambique.
- How long does it take for the money
to be credited to the recipient's Mpesa account?
- Revolut to Mpesa transfers are
usually completed within a few minutes, depending on the time of day and
the recipient's account status. However, some transfers may take longer to
process, especially if there are issues with the recipient's Mpesa
account.
- Can I send money from Mpesa to
Revolut?
- No, currently, Mpesa does not
support transfers to Revolut accounts.
- What is the maximum amount of money
I can send from Revolut to Mpesa?
- The maximum amount of money you can
send from Revolut to Mpesa may vary depending on the country you are
sending the money from and the recipient's Mpesa account. However, the
limit is usually around $5,000 per day.
- Is it safe to send money from
Revolut to Mpesa?
- Yes, it is safe to send money from
Revolut to Mpesa. Revolut uses advanced security measures to protect your
account and transactions, including biometric authentication and
encryption.