Revolut has recently broadened its international transfer capabilities by adding 14 new payment corridors across nine African countries.

This enhancement enables Revolut customers in the UK and most European Economic Area countries to send money to individuals in Africa using digital wallets such as MTN, Airtel Money, Orange Money, and M-PESA Africa.

These digital wallets are accessible across ten African countries, with plans for further expansion in the near future.

The new Mobile Wallets feature streamlines the remittance process by allowing users to send money using recipient IDs such as names, phone numbers, or email addresses, thereby reducing the risks associated with traditional payment methods.

This introduction comes at an opportune time, as mobile wallets play a crucial role in various transactions across African countries. The new feature offers a convenient option for expatriates and international students to efficiently send money back home.

Revolut’s objective is to empower individuals and families globally to navigate the complexities of cross-border finance by consistently adapting to the evolving needs of the digital economy.

Are you considering using a Revolut card for your everyday spending in Kenya? You’ll be glad to know that it’s a viable option.

Firstly, the Revolut card allows you to make payments in Kenyan shillings with competitive exchange rates and low transaction fees. This makes it convenient for everyday transactions in Kenya.

Revolut offers a range of banking services, including GBP and EUR bank accounts, debit cards, credit cards, currency exchange, stock trading, cryptocurrency exchange, and peer-to-peer payments.

The mobile app supports spending and ATM withdrawals in 120 currencies and transfers in 36 currencies directly from the app.

It’s important to note that while Revolut is authorised under the UK Electronic Money Regulations and regulated by the Financial Conduct Authority (FCA), it is not a bank.

However, being an e-money institution allows Revolut to provide an everyday account that can be used to manage money in various ways.

One of the key advantages of using the Revolut card in Kenya is the ability to send money online quickly and safely. With the Revolut app, users can send money to Kenya by following a simple process.

Additionally, the app supports seamless money transfers to services like bKash and M-Pesa, providing a convenient mobile payment option for expats and international students living abroad.

When it comes to withdrawals, Revolut allows free withdrawals up to a monthly limit, depending on the plan the user is signed up for. However, it’s important to note that overseas ATMs and banks may charge their own fees for withdrawals.

Revolut also offers FX-optimised debit cards, multi-currency receiving accounts with banking details, and international money transfers to bank accounts, providing users with a comprehensive set of financial services.

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It’s worth mentioning that Revolut is not the only option for international money transfers. Another popular service, Wise, is also well-supported across Europe.

While Wise covers fewer countries than Revolut, it offers quicker transfers, taking 0 to 2 days compared to Revolut’s 3 to 5 days, especially when going through SWIFT.

Using a Revolut card for everyday spending in Kenya is a practical choice, offering competitive exchange rates, low transaction fees, and a wide range of financial services.

Whether you’re making everyday purchases or sending money to Kenya, the Revolut card provides a convenient and efficient way to manage your finances.