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What is the cheapest way to send money to Malawi? Is there any a best way to send money to Malawi? Malawians in diaspora sometimes find out that they are in a situation where they need to send money to Malawi. When there is that need to send money home to Malawi the above two questions tend to come to mind.
Malawi as a developing country has its unique problems as well as opportunities. One such challenge that people outside the country face is on how to send money to Malawi. Unlike in developed countries where it is easy to send money online or using many other options, the case for Malawi is different. Sending money to Malawi from overseas is not as easy.
The challenges that exist when people want to send money to Malawi are partly due to the government strict monetary policies. There are strict regulations that are put place in the country by authorities to protect the scarce local currency. As a result of the said government policies it is hard to send money to Malawi. The challenge also happens when people want to transfer money from Malawi to overseas.
People leaving in other countries have few alternatives when the want to send money to Malawi. The major setback is that some of these means of sending money to Malawi charge high fees. As a result people constantly look for the cheapest way to send money to Malawi or the best way to send money to Malawi.
Is PayPal to PayPal the cheapest way to send money to Malawi
People can send money to Malawi through PayPal. In order to use this service the sender and the receiver both need to have PayPal accounts. PayPal is the cheapest way to send money to Malawi and the rest of the world. With PayPal people are able to send each other money even if it is a small amount. Many people choose PayPal as a way of sending money to Malawi because it is instant, reliable, secure, and have reasonable transaction fees. While PayPal services are available in Malawi the number of people with PayPal accounts is small. As a result this option works for few only people.
Send money to Malawi Direct Bank Wire Transfer
Wire transfer is another best way to send money to Malawi. This involves sending money directly to the bank account of the receiver. The sender deposits the cash at a bank in the other country directly to the bank account of the receiver in Malawi. Sending money through direct wire transfer is safe and convenient but the transaction fees are a bit higher. Wire transfer may sometimes take more than 24 hours for the receiver is ready to withdraw money from the bank.
Send money to Malawi Western Union Money Transfer
Western Union money transfer is one of the oldest way people use to send money to Malawi. The sender deposits the money to western union from the oversees country, and then the money is withdrawn in selected western union depots in Malawi.
Send money to Malawi Moneygram
MoneyGram is another way to send and receive money in Malawi. It used by money people who send to money to Malawi from different countries in the world. MoneyGram is an international money transfer service that is fast and safe way to receive money worldwide. Money is transferred instantly and is ready for collection within ten minutes. In order to receive money there is no need to have a bank account, but if a person needs to send money they need to have a bank account.
Send money to Malawi Mukuru
Mukuru is a modern way people send money from other countries to Malawi. People can send money to Malawi from South Africa or UK using mukuru. After the money is sent the receiver collects the money from Mukuru agents that are found in many places. People are also able to receive money to their mobile phones through TNM Mpamba service.
Send money to Malawi through Airtel Money
Airtel money mobile money service allows people to send or receive money in Malawi from other African countries. With Airtel money account people can send money to Malawi from South Africa. Sending money Malawi through Airtel Money is quick and secure. To send money to Malawi through Airtel money you have to use a register Airtel Money number or deposit the money at an agent.
Over toy you! This blog post has described six different ways to send money to Malawi. You can now choose which one is the cheapest way to send money to Malawi or which one is the best way to send Money to Malawi.