How to Send Money Within African Countries


October 6, 2023


6 min read

Cover Image for  How to Send Money Within African Countries


  • Introduction
  • Current Money Transfer Methods Within Africa: Challenges
  • Understanding Wirewire Africa
  • Why Choose Wirewire Africa?
  • Getting Started with Wirewire Africa
  • Initiating Your Money Transfer
  • Confirming and Finalizing Your Transfer
  • Tracking Your Transfer
  • Conclusion


In today’s interconnected world, more than ever, sending money to other African countries is needed efficiently. Whether helping family members, supporting a business partner, or making payments. Unfortunately, different countries have different currencies because of how Africa is set up. Businesses operating across multiple African countries must determine how to obtain and maintain various bank accounts for foreign currencies and perform money transfers and cross-border payments that feature these different currencies in various countries. As you can tell, this can be a big hassle.

Wirewire Africa is the ultimate solution for hassle-free money transfers within the continent. In this comprehensive guide, we’ll take you through the simple steps of sending money using this trusted payment platform, all while sharing valuable tips to ensure a smooth and secure experience.

Current Money Transfer Methods Within Africa and Challenges

Before delving into the details of using Wirewire Africa, let’s examine the challenges of existing money transfer methods within African countries:

  • High Fees: Many traditional methods have exorbitant fees that eat into your funds.
  • Lengthy Processing Times: Some transfers can take days or weeks to reach their destination.
  • Unfavorable Exchange Rates: Converting your money through traditional channels often results in poor exchange rates.
  • Limited Accessibility: Not all regions can access reliable banking services, making transfers difficult.

Understanding Wirewire Africa

What is Wirewire Africa? Wirewire Africa is a trusted B2B payment processing platform specializing in using technology to solve the hassle of cross-border payments for businesses. With Wewire Africa, businesses can easily make international and domestic money transfers within African countries. The customer dashboard has an intuitive interface, competitive exchange rates, and robust security features, making it the preferred choice for sending money across borders or within your own country.

Why Choose Wirewire Africa?

  • Competitive Exchange Rates: Wirewire Africa provides competitive exchange rates, ensuring you get the most value for your money.
  • Speed and Reliability: Transfers are processed swiftly, ensuring your recipient receives the funds promptly.
  • User-Friendly Interface: Wirewire Africa’s platform is designed for easy use, making it accessible to everyone.
  • Top-Notch Security: Your financial data is protected with state-of-the-art security measures such as two-factor authentification, guaranteeing your peace of mind.

Getting Started with Wirewire Africa

Creating Your Account

  • Begin by visiting the Wirewire Africa website.
  • “Click on the "Sign Up” button.
  • Provide essential details such as your name, email address, country you’re in, and account password you’d like to use.
  • Verify your email address and complete the registration process.

Identity Verification

Wirewire Africa requires everyone who signs up to complete the identity verification process to comply with regulatory standards. This typically involves submitting identification and proof of address documents.

Initiating Your Money Transfer

Logging In

  • Sign in to your Wirewire Africa account using your registered email and password.
  • Once logged in, you’ll be directed to your personalized dashboard.

Currency Swap

To transfer money from your country to another country using Wewire Africa, you need to perform a conversion from your currency to the receiver’s currency. Currency swaps are free on Wewire Africa.

To complete a currency swap, click on the quick conversion tab on the right-hand side of your customer dashboard, choose the currencies you’re converting from and to, input the amount, and then click on the convert button.

Initiating a Transfer

After swapping to the receiver’s currency, you can initiate a payout to send the money to the recipient’s bank account.

  • Open the wallet containing the currency you want to send
  • Select the payout option
  • Select between making a one-time payment or payment to an already saved beneficiary.
  • Enter the recipient’s information, including their name and banking particulars.
  • Input the desired transfer amount.
  • Review the transaction details for accuracy.

Confirming and Finalizing Your Transfer

After reviewing the transaction details, click the Initiate Payout button to send money to your recipient.

Wirewire Africa will provide you with a reference number or transaction ID. Keep this information for tracking purposes.

Tracking Your Transfer

Use the reference number or transaction ID to monitor the status of your transfer from your customer Dashboard.

Wirewire Africa also provides updates on the transfer’s progress, including when it is sent and received by the recipient via email.


Wirewire Africa makes sending money within African countries a breeze. Whether you’re supporting loved ones, conducting business, or managing personal finances, Wirewire Africa offers a secure, efficient, and cost-effective solution. Say goodbye to excessive fees, long processing times, and unfavorable exchange rates. Embrace the convenience of digital money transfers within Africa with Wirewire Africa. Sign up today.

Make the smart choice today and experience a seamless domestic money transfer process with Wirewire Africa. Stay connected to our blog for more financial insights and expert advice.

Related stories
Cover Image for Best Valentine Gift Ideas You Can Buy Online

Best Valentine Gift Ideas You Can Buy Online

Love is an exciting concept; some say it is a buttery feeling that makes you make questionable decisions with a smile on your face; some say it is a strong feeling of support knowing someone has your back, and there are the naysayers who consider it a weakness. Well, to each their own, but we will not be debating what love is or is not in February. We have ten other months for that. The debate we should be having is on what kind of Valentine's gifts to get for your partner or friend.

This blog post will discuss thoughtful Valentine's gift ideas you can get online with a virtual dollar card, especially if you are a working professional who might need more time to shop in person. Though shopping online saves you time, sometimes the gifts can be impersonal if proper thought is not put into it. Listening to your partner and giving them gifts that speak to their needs, cravings, or interests is important.

Here is a list of thoughtful Valentine's gift ideas that you can buy online with the WeWire Virtual Dollar Card;

A Flight Ticket

A recent research commissioned by Amadeus revealed that 77 percent of travellers want to travel in the next year. Is your partner one of the 77%? There is only one way to find out listening! Listen to your partner and find out if they would like to travel, where they want to go, and what kind of trips they would like. Gift them a flight ticket or travel package from agencies like Wakanow and pay with your WeWire Virtual Dollar Card from anywhere.

Customised Jewellery

Neckpieces, rings, and bracelets are cool gifts that can be elevated with simple customisation. Jewellery shops like Pandora, Tiffany & Co, and Boz Jewelry sell pieces that can be customised with your partner's name, initials, or something of nostalgic value. Find something that speaks to your partner and coup it ahead of this Valentine's Day celebration.

Affirmation Frames

An interesting Valentine's gift idea for partners who love words is an affirmation frame. Something that they can be hung up in their space to beautify it and motivate them. Bonus points for you because they will always think of you when they see it. Etsy stocks unique pieces of wall frames that you can shop for online and pay with a virtual card.

Year-long Subscriptions

We live in a time of digital entertainment; the trips to the park or record store and other physical activities are fading into the background while video-on-demand services, music, and game subscriptions are gaining ground. Giving your partner year-long access to their favourite platforms is thoughtful and cute. From Netflix to Mubi, Apple Music, and others, you can either make a one-time payment with your virtual card or set up a recurring payment on the card.

This Valentine, don't be the partner who gives gifts without 'soul' because you don't have the time to shop. Put some thought into it and buy something that sparks joy for your partner. You think about it and let the WeWire Virtual Dollar Card securely handle the payment with a 95% success rate.

Beyond card payments, WeWire remains committed to making sure you can send money across borders without hassle.

Cover Image for Embracing Growth and Expansion with WeWire in 2024

Embracing Growth and Expansion with WeWire in 2024

2023 - What a year!

At the beginning of last year, the
WeWire team set lofty goals; we envisioned a world where businesses of all sizes could pay across borders to multiple countries and expand into new markets.

The year ended, and we hit milestones even more significant than our goals.

We grew our client base by over 400% working with businesses from across Ghana, Nigeria, Cameroon, Kenya, Tanzania, and beyond. We enabled payments for firms in diverse sectors, including oil and gas, tech, betting, import and export, and numerous others, enabling them to trade globally.

Our 2023 Milestones

We launched the WeWire web app, a Teams feature, and Corporate Virtual Cards to enable business teams to manage expenses and reliably pay for multiple digital subscriptions.

Every update we made at WeWire aimed to improve business operations for our users and give them a chance to play in the global market. Watching our users expand into new frontiers, make payments to vendors worldwide, build better partnerships, and trade globally using our product was a pleasure.

On our part, we made efforts to strengthen our brand. We moved into our new physical office in Accra, Ghana, attended the GITEX event in Morocco, exhibited at Techcabal’s Moonshot event in Nigeria, and sponsored the Africa Fintech Summit in Ghana.

In December, WeWire was recognized as the Largest B2B Tech Startup out of Ghana and won the Fintech of the Year award at the Ghana Innovation and Startup Awards - worthy accolades for a year of grit and relentless hard work.

A huge part of how we crossed these milestones is the WeWire team’s resilience. In 2023, we hired the top global talents and doubled our staff strength. Our commitment to fostering diversity and inclusivity remained unwavering, with our team comprising 40% women and an equal influx of new male and female members.

Our 2024 Plans

In 2024, the aim is to do more!

This year, WeWire is taking a new look. For our product infrastructure, we are excited about exploring new currency wallets, and virtual bank accounts. There is also the launch of our API service and mobile application in the works. Through every product iteration, we focus on giving our users access to a financial tool tailored to meet their payment needs across markets.

This year, we aim to 10x our growth while maintaining our product stability and delivering our brand promise. Hitting this goal will be a wild ride, but we wouldn’t have it any other way.

Our people and product infrastructure have gone through every stage of preparation for the exponential growth we want to see, and now it is GO season🚀🚀🚀!

To close, our work is valuable, and I am glad to have you on this journey as part of our success story.

Let’s cross more borders together.

Cover Image for How OTC Trading is solving cross-border payments for African  businesses

How OTC Trading is solving cross-border payments for African businesses


In the Financial Services space today, Over-The-Counter (OTC) trading is fast becoming a pivotal force. This article will examine how OTC trading is utilized within the financial services industry, emphasizing its role in revolutionizing cross-border payments using Wewire Africa as a case study.

Understanding OTC and Cross-Border Payments

Over-the-counter (OTC) trading is a popular way of buying and selling assets without relying on an intermediary. OTC trading allows both parties to negotiate directly with each other, avoiding price slippage and accessing higher liquidity.

Cross-border payments are payments from one country to another, usually involving different currencies.

A business might need to send money from one country or continent to another for many reasons.

For context, in Africa today, a business in Nigeria that needs to send money to Ghana will have first to convert the local currency, which is the Naira, to USD and then send USD to Ghana.

OTC trading is fast becoming the preferred way to tackle the many bottlenecks of cross-border payment. OTC trading's relative ease of implementation and practical usefulness to customers have made it attractive for providers trying to move transaction volumes quickly.

The Current Landscape of Cross-Border Payments

According to
research, the B2B Payments Market Size was valued at USD 1,324.43 billion in 2022 and is anticipated to reach USD 1,589.56 billion in 2023. It is projected to reach USD 2,456.76 billion by 2031, growing at a CAGR of 9.2% during the forecast period (2023-2031). However, challenges such as high transaction fees, currency exchange rates, and compliance with regulations and tax laws must be addressed to streamline B2B payments and improve efficiency. In Africa, Diverse payment systems, currency fluctuations, and limited banking infrastructure have hindered African cross-border payments. High costs, additional fees, and security concerns further complicate transactions.

OTC in Cross-Border Payments: A New Approach

One of the most significant applications of OTC trading is in the realm of cross-border payments. Traditional methods of international fund transfers have long grappled with high fees, slow processing times, and volatile exchange rates. OTC trading provides a solution by facilitating direct currency exchanges, reducing costs, and expediting transaction times.

Platforms like Wewire Africa harness cutting-edge OTC platforms and technologies to facilitate cross-border payments. This ensures transaction speed, easy customer accessibility, and secure and transparent transactions.

When a customer who lives in Nigeria and has Naira in his possession needs to pay his supplier in China, for example, for raw materials, there's a need to look for Yuan, which is the Chinese currency. Hence, a currency trade has to be made.

OTC Trading flow

Currency trading is the process of buying and selling currencies. When a customer needs to move money from one currency to another, a trade has to happen, trading his currency for the currency needed, like buying and selling. Depending on the transaction volume, The customer comes to an OTC trader such as Wewire Africa and explains his specific needs. Then, an offer is made. This means that rates are agreed upon, and the trading team completes the transaction.

Advantages of OTC Trading in Cross-Border Payments

Adopting OTC solutions for cross-border payments by Wewire Africa translates into tangible benefits, especially for users. Users experience expedited transaction times, reduced fees, and increased accessibility. The flexibility of OTC trading enables Wewire Africa to tailor its services to the unique needs of cross-border transactions.

When asked, one of Wewire’s customers, Mr Roger Gbeve of Maison T'acier, a steel manufacturing company with a presence in 3 African countries, said that before he started using Wewire Africa, he would usually have to go to the bank for his cross-border payments needed by his business. Still, he was never sure that the banks would be completely helpful. With Wewire Africa, he always has the foreign currency he needs to pay his suppliers or sort out his business operations across multiple geographies, which was made possible by OTC trading. Some reasons why customers prefer Wewire Africa for OTC trading in cross-border transactions include

  1. Volume of transaction
  2. Ability to negotiate price
  3. Liquidity availability
  4. Security or Safety
  5. The human factor

Mitigating Challenges and Risks of OTC Trading in Cross-border Payments

While OTC trading offers substantial benefits, acknowledging potential challenges and risks is crucial. Wewire Africa addresses these risks by ensuring thorough regulatory compliance, security, and innovative security measures on the digital platform. For any customer to be able to perform a transaction, they must have completed their verification with complete background checks, as well as had their business verified to be legitimate.


In conclusion, OTC trading has become a dynamic force within the financial services industry, especially in making cross-border payments accessible globally.

You're better off going the OTC route as a business owner who utilizes large liquidity in multiple currencies and across different countries for business transactions.

Contact Wewire Africa to get a quote today. Visit the website or send an email to to get started now.