Money Transfers
How To Send Money To Someone Without A Bank Account
When send money without a bank account, an evident place to send it truly is to a banking accounts. But this isn’t always a possibility. While having access to some bank account is neglected in some countries, it’s significantly less common on other occasions.
According the most up-to-date figures from your World Bank, two billion people worldwide are ‘unbanked’ which implies they don’t have a bank-account. More than half |
with the unbanked reside in South and East Asia plus the Pacific region, with 21% in India, 12% in China and 6% in Indonesia. Sub- Saharan Africa is the reason for 17% and 10% are derived from Latin America along with the Caribbean.
So here are some alternatives to send money without a bank account.
So here are some alternatives to send money without a bank account.
- Collect cash from a representative
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One choices are to send cash as well as the receiver can collect it from a real estate agent at the other end. The advantages are clear- it’s a easy, instant as well as a convenient strategy for transferring money overseas.
However, the transaction ought to be as secure as is possible to avoid fraud. After all, if you’re sending money to your family member back, you intend to make sure they receive it. When you use Xpress Money, we provide you with a 16-digit pin that you then offer the receiver. The receiver uses this pin to gather the money and must also show proof identification.
Something to take into account when sending rewards are that the receiver really needs to be present to gather it from your agent. So the broader the network of agents, a lot more convenient it can be for whoever you’re transferring money to. With over 180,000 agents spread across 160 countries, our extensive network means receiver usually don’t have far to search. Money Transfer Using Mobile
However, the transaction ought to be as secure as is possible to avoid fraud. After all, if you’re sending money to your family member back, you intend to make sure they receive it. When you use Xpress Money, we provide you with a 16-digit pin that you then offer the receiver. The receiver uses this pin to gather the money and must also show proof identification.
Something to take into account when sending rewards are that the receiver really needs to be present to gather it from your agent. So the broader the network of agents, a lot more convenient it can be for whoever you’re transferring money to. With over 180,000 agents spread across 160 countries, our extensive network means receiver usually don’t have far to search. Money Transfer Using Mobile
- Send directly to your mobile wallet
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Another options to transfer money directly with a mobile wallet. A mobile wallet is definitely an app using a mobile device which stores money and makes payments. The receiver might pay bills making purchases inside a shop from other phone, or withdraw the amount of money from a realtor location. However, a reverse phone lookup is limited to particular countries. When you use Xpress
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Money, you'll be able to send money to mobile wallets in Kenya through mPesa, Ghana with MTN and Pakistan via Telenor.
- Deliver towards the receiver’s door
If you’re in the UK, then have a look at Xopoto, our mobile app which permits you to transfer money around the globe. The receiver might collect it utilizing the options in the list above. The process is simple- download Xopoto from iTunes or Google Play, register and fill in the transaction details. You can pay over the app using a debit card.
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