Mobile payment apps have made it easier to transfer cash between countries globally.
Furthermore, while Cash App is one of these popular payment apps, is it available in Kenya? Continue reading for all your need to know!
Is Cash App Available In Kenya In 2023?
Unfortunately, Cash App is not available in Kenya in 2023. Furthermore, this mobile payment app is only available in the United Kingdom and the United States. So, users can only transfer cash to other customers within the country; therefore, it’s impossible to use Cash App internationally. However, there are other alternatives to use to transfer money to Kenya.
Read on for more information about whether Cash App is available in Kenya and the alternatives you can use instead!
Where Is Cash App Available?
Unfortunately, Cash App is only available in the U.S. and the UK.
Furthermore, Cash App got introduced in the UK in 2018, and since this move, the app has not expanded to other countries.
This means that if you are in Kenya, you can’t use Cash App to send, receive money, transfer payments, or invest in stocks and cryptocurrency.
Therefore, to access Cash App, you have to be physically in the United States or the United Kingdom to download the app and complete payments.
You also need a linked bank account and local phone number.
Will Cash App Come To Kenya?
There are no indications that Cash App will expand its operations to Kenya as this financial platform has not announced any plans to move into another country.
Additionally, Kenyan customers have alternatives like M-PESA that work like Cash App; therefore, they would face great competition.
Which Cash App Alternatives Are Available In Kenya?
Since Cash App is not available in Kenya, there are other payment apps that consumers rely on to send and receive money or make payments. Furthermore, here are the apps used.
M-PESA is classified as one of Africa’s largest mobile money services.
Furthermore, since its launch in 2007, M-PESA remains Kenya’s top mobile payment service.
In fact, in March 2022, the mobile service surpassed 30 million active monthly users in Kenya.
Apart from Kenya, the service is also used in other countries like Tanzania, Ghana, Egypt, and Mozambique.
Therefore, users in these countries can send and receive money using the platform at a fee provided by the company.
Additionally, M-PESA charges customers to send, receive and withdraw money depending on the amount in question.
M-PESA has also just introduced the GlobalPay Visa Virtual card; therefore, Kenyan customers can use the service for secure cashless payments at different merchants.
Furthermore, this platform is a Cash App alternative because it allows consumers to make payments and send cash to other users.
You can also use PayPal for your transactions in Kenya as it works just like Cash App allowing you to make online payments and send and receive money.
However, to send money using this platform, your recipient also needs to have a PayPal account.
Fortunately, you can easily sign up for a PayPal account as an individual or a business.
Furthermore, as one of the popular payment apps globally, PayPal has over 200 million active accounts and over 7 million businesses signed to the platform.
Unlike Cash App, which is available in two countries, PayPal is a global leader in online payments; therefore, its available in 202 countries and 25 countries.
Additionally, it’s free to use PayPal to pay for your purchases and commercial transactions.
Unfortunately, you’ll incur some fees if the transaction involves a currency conversion.
However, once you receive money from another country, you can transfer the cash from PayPal to M-PESA or a bank account for easier withdrawal.
Another Cash App alternative in Kenya is Remitly.
Furthermore, all you need to use this service is the recipient’s email address, name, address, and debit card or bank account details to complete the transaction.
Additionally, Remitly does not charge fees to send money to Kenya.
Therefore, you can transfer money to local banks in Kenya or M-PESA to allow customers to withdraw cash.
Alternatively, you can use the PayPal-owned platform Xoom to send money to Kenya.
However, this platform charges a transaction fee and additional charges if you use a different currency.
Fortunately, logging in is very easy, as you can just use your PayPal credentials.
Then, you can add money using your PayPal account, debit card, or bank account.
Furthermore, if you send money via a bank transfer, the money will arrive in a few hours, and you can track your transactions via the Xoom app.
Wise is one of the most popular payment apps globally, known for its fast transfers and low fees.
Furthermore, Wise has a multi-currency account that you can use to hold and convert 53 currencies; therefore, it’s ideal for money transfers to Kenya.
However, to send money from the UK to Kenya, you’ll pay a flat fee of £1.15 plus 0.62% of the converted amount.
Although you will be charged, Wise provides all the costs upfront before you complete the transactions.
Additionally, you can choose same-day transfers or instant transfers where the cash should arrive in 30 minutes.
Unfortunately, Cash App is not available in Kenya as this mobile payment app is only available in the United Kingdom and the United States. Furthermore, users can only transfer cash to other customers within the country; therefore, it’s impossible to use Cash App internationally.
However, there are other alternatives to use to transfer money to Kenya, such as M-PESA, Wise, PayPal, Remitly, and Xoom. Additionally, most of these services only charge a small transaction fee, especially if currency conversion is involved.