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:

1. Introduction
2. What is Revolut?
3. What is Mpesa?
4. How to Set up a Revolut Account
5. How to Add Funds to Your Revolut Account
6. How to Add Mpesa as a Recipient
7. How to Send Money from Revolut to Mpesa
8. Revolut to Mpesa Transfer Fees
9. Revolut to Mpesa Transfer Limits
10. Revolut to Mpesa Transfer Time
11. Security and Safety
12. Advantages of Using Revolut to Mpesa Transfer
13. Disadvantages of Using Revolut to Mpesa Transfer
14. Alternatives to Revolut to Mpesa Transfer
15. Conclusion
16. 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

1. 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.

2. 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.

3. Can I send money from Mpesa to Revolut?

• No, currently, Mpesa does not support transfers to Revolut accounts.

4. 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.

5. 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.