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The Ultimate Guide To Seamless Money Transfers With Payangel

Sending money internationally doesn’t have to be costly and complicated. With the right guidance, you can learn how to transfer money quickly, securely, and without paying exorbitant fees.

That’s why we created the Ultimate Guide to Seamless Money Transfers with PayAngel. This comprehensive guide covers everything you need to know about making international remittances and optimizing the process.

In this post, we’ll provide an overview of four key topics included in the guide:

Choosing the Optimal Transfer Method
With the rise of digital-first money transfer companies, you now have more options than ever for sending funds abroad. The guide compares traditional wire transfers, online remittance services, mobile wallets, and peer-to-peer platforms across factors like speed, fees, exchange rates, and country availability.

We provide recommendations for selecting the best transfer method based on your priorities and destination country. For many popular corridors, using a digital remittance provider can facilitate faster, lower-cost transfers compared to old-school bank wires.

Getting the Best Exchange Rates
Exchange rates and fees represent two of the biggest costs associated with sending money internationally. The guide explains how currency conversion works and provides tips for checking rates from multiple providers to find the best deal.

Timing also matters – we offer guidance on ideal transfer windows to avoid excessive currency volatility or weekend/holiday premiums. A few insider tricks can help you maximize the amount of money your recipient gets.

Ensuring Secure, Reliable Money Transfers
Safety should be your top concern when sending funds abroad. Unfortunately, fraud and scams do exist. The guide outlines the security protocols and compliance checks (KYC) that all regulated money transfer companies must follow to verify customers and detect suspicious transactions.

We also provide recommendations on how to safeguard your personal information and only use licensed, authorized providers. With cyberthreats rising, it pays to be vigilant about protecting your money and identity.

Getting Paid Out in Local Currency
One common (and expensive) mistake is having funds deposited internationally into your home bank account. The guide explains the importance of receiving transfers in local currency via options like bank accounts, cash pickup, and mobile wallets available across Africa other continents.

Avoiding conversion fees and using payment methods your recipient has easy access to can make a significant difference in how much money actually reaches them. We outline the pros and cons of different payout channels in various countries.

PAYANGEL ANNOUNCES GHANA’S MOST BEAUTIFUL ADWOA SAAH AS BRAND INFLUENCER 

PayAngel Money transfer, a wholly owned Ghanaian fintech and cross border payments platform has concluded a deal with former Ghana’s most beautiful queen and media personality Adwoa Saah. Adwoa who is currently the mid-morning radio host for Rainbow Radio UK expressed her delight at partnering and promoting an exceptional Ghanaian brand dedicated to providing value added remittance services to the African diaspora.  

Speaking at the virtual introduction, which was streamed live on Facebook, Marketing manager for PayAngel Daniel Dadson reiterated the need to partner with Adwoa Saah who is currently based in London and has closer proximity to the diaspora market. “Adwoa understands what it means to be a borga who sends money home, she has experienced our brand advantage as a customer and therefore best placed to re echo that advantage to all Ghanaians living abroad” he said.   

Adwoa Saah expressed her excitement at the opportunity to communicate the PayAngel advantage on her social media platforms. “I am diasporan, I know the kind of money transfer service that will benefit the Ghanaian borga, especially with PayAngel’s offering of free life insurance for beneficiaries back home”  

The influencer partnership will Ghanaians in UK, Canada and Australia exclusive access to new product announcements, free life insurance, direct to merchant payments and discount on the first transaction for new customers.  

PayAngel money transfer is fully authorised and regulated by the Financial Conduct Authority in the United Kingdom with operations in Ghana Canada and Australia. Additional destination countries in Africa is set to be announced soon. Download the PayAngel app from IOS and Google play stores.  

DIRECT TO MERCHANT REMITTANCES SOLUTION OFFICALLY LAUNCHED BY PAYANGEL AND UNCDF IN LONDON 

The PayAngel Direct to Merchant Remittances (D2MR) was launched in London on Friday 11th November 2022 at the Barclays Rise, a global hub for fintech start-ups. The solution seeks to scale up diaspora investments in Ghana through direct remittances to the Financial Services, Educational and Health sectors but is being piloted in the Ashanti and Western Regions through the partnership with United Nations Capital development Fund (UNCDF) and funding by the European Union Trust Fund under the GrEEn Project. The D2MR will make it easier for merchants including returning migrant businesses of all sizes and industries to easily collect payments and transfers and allocate them appropriately.  

The event, which was attended by representatives of the Ghana High Commision, the Ghanaian business community in London, industry players and old students’ associations, gave patrons first hand insight into the pain points experienced by diaspora linked business and the simplified solution developed by PayAngel.  

Speaking at the launch, Head of Trade and Investments at the Ghana High Commision to United Kingdom, Paa Kow Bartels lauded the smart, simple and effective payments model developed by PayAngel. “Angels bring solution in difficult times and PayAngel has demonstrated this with a timely intervention in an era where cross border payment seems to be a challenge for Ghanaian businesses” he said. 

Jones Amegbor CEO of PayInc Group operators of PayAngel said” we will use this project as a scalable preparatory platform to educate returning migrant business and merchants with diaspora relations. This solution further opens new markets for merchants to sell their products and services in our operating markets.  

The Direct to Merchant Remittances is being backed by the UNCDF GrEEn project with funding from EU Trust Fund for Africa.  

PayAngel, is a multi-channel money transfer app developed for the African diaspora everywhere. It’s reliable, secure, and convenient, allowing customers to make fast digital transfers and payments. Importantly, PayAngel is the only company offering embedded life insurance to beneficiaries of remittances sent using the PayAngel services and allows remitters to eliminate third-party risk by making it possible for them to pay directly for goods and services without any middleman. PayAngel is built on bank grade security leveraging Microsoft’s Zero Trust Model to protect its partners and customers. The company is known for the best exchange rates, zero fees heroic customer service and innovative products. 

PAYANGEL PARTNERS WITH UNCDF TO DELIVER REMITTANCES DIRECTLY TO MERCHANTS

PayInc Group, operators of PAYANGEL Money Transfer have joined forces with UNCDF to scale-up its flagship Direct to Merchant Remittances (D2MR) solution.

The partnership, funded under the European Union’s ‘Boosting Green Employment and Enterprise Opportunities in Ghana’ project, seeks to scale up diaspora investments in the Ashanti and Western Regions through direct remittances to merchants in the Financial Services, Education and Health sectors. This will make it easier for merchants including returning migrant businesses of all sizes and industries to easily collect payments and transfers and allocate them appropriately.

The goal of this project is in line with the United Nations’ Sustainable Development Goals on Remittances which PayInc Group is committed to. Under this project PayAngel will focus on SDG 3- Good Health and Well-Being, SDG 4- Quality Education, and SDG 5- Gender Equality; SDG 8- Decent Work and Economic Growth, SDG 10- Reduced Inequalities, and SDG 17- Partnership for Goals.

PayAngel will use this project as a scalable preparatory platform to educate returning migrant businesses and merchants with diaspora relations. The solution further opens new markets for merchants to sell their products and services.

As rightly said by the CEO of PayInc Group, Jones Amegbor, “We are building a global platform that enables immigrants to participate in shaping the digital economic expansion of their home regions whilst positioning local businesses to capitalize on the cross-border commerce growth. Our simple, fast, and direct payment solutions, at scale, will allow Africans everywhere on the globe to make transfers and pay for everything at zero fees without the risk of fund diversion. The simplicity and innovation offered by PayAngel within the digital payments processing space will allow merchants to easily process payments from the diaspora with value added service.”

We are excited to be partnering with the UNCDF to expand on this first in the market product in a bid to achieve our goal of connecting Africans to their home countries using technology that delivers transfers and payments speedily and without hassle to recipients in Africa.

The Boosting Green Employment and Enterprise Opportunities in Ghana – (GrEEn) is a four-year action from the European Union, the Embassy of the Kingdom of the Netherlands in Ghana, UNCDF and SNV. The project aims at creating greater economic and employment opportunities for youth, women and returning migrants by promoting and supporting sustainable, green businesses in selected regions (Ashanti and Western). GrEEn is implemented under the European Union Trust Fund (EUTF) for Africa.