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How to receive international payments in Kenya

How to receive international payments in Kenya

If you're a Kenyan freelancer, entrepreneur, or business owner, you've probably felt anxious and frustrated at the thought of losing money to hefty transfer fees or waiting weeks on end for international payments to clear. 

If you're in this situation, we have the best solution for you! 

Since the Kenyan digital economy started booming, there has been a desperate need for better, faster, and cheaper ways to receive money from abroad.

This guide will walk you through everything you need to know about receiving international payments in Kenya, from traditional methods to cutting-edge solutions that put more money in your pocket.

Common methods to receive international payments in Kenya.

 Here's a brief breakdown of the most popular options for receiving international payments in Kenya:

Bank Wire Transfers

An aerial view of the Cooperative Bank building in Kenya.

Bank wire transfers have been around forever. They are an old method, but they work.

Bank transfers are known to have solid security, high transaction limits, and are universally accepted. If you want to keep documentation and official paper trails, bank transfers will serve you well.

The downside is that they're expensive and sometimes very slow. If you want to avoid the nightmare of excessive paperwork, you're better off looking for other options.

PayPal

PayPal is a popular digital platform that is integrated into most freelancing platforms. Most freelancers and business owners have a love-hate relationship with PayPal for various reasons. 

People love PayPal because: 

  • It is integrated into the most popular freelancing platforms and thousands of e-commerce sites.
  • Clients feel safe paying through PayPal because of their buyer protection feature.
  • Clients can pay with cards, bank accounts, or PayPal balance

On the other hand, you can't withdraw directly to Kenyan banks. You'll need to transfer to a US or European bank first, and the exchange rates are high.

There's also the fact that PayPal can freeze your account for various reasons, making you lose access to your money.

Western Union/MoneyGram

These are also old methods of international money transfers. You can pick up cash from thousands of locations in every corner of Kenya without a bank account.

The downside is that they have high transaction fees, and there are security concerns with having to physically go to a pickup location, and carrying large amounts of cash isn't ideal.

Mobile money platforms

An M-Pesa kiosk in Nairobi.

Mobile money platforms like M-Pesa revolutionized payments in Kenya. M-Pesa Global allows some international transfers, and other mobile money services are following suit.

 M-Pesa Global only works with specific countries and is mainly for personal transfers. It also has daily and monthly limits and may not work for larger business transactions.

Cryptocurrency

The more tech-savvy freelancers and businesses in Kenya are already exploring Bitcoin, USDC, and other cryptocurrencies for international payments. Even though it's not as popular as other methods, it offers low transaction fees, global accessibility, and speed. 

Fintech Solutions

Modern technology introduced fintech companies like OhentPay to specifically tackle the challenges Kenyan freelancers and businesses face when receiving international payments.

When you use OhentPay, you have the following advantages:

  • Multi-currency accounts: You can get real bank accounts in USD, GBP, and EUR for your international transactions.
  • Competitive exchange rates: OhentPay offers competitive foreign exchange rates, so you keep more of what you earn.
  • Fast settlements: No need to wait weeks for your money. OhentPay processes payments quickly, so you can focus on your work.
  • High-level security: Your money and personal information are protected with the same security standards used by major banks worldwide.
  • Easy local withdrawal: You get access to your money however you want it. You can transfer directly to your Kenyan bank account or straight to M-Pesa. 

How to receive international payments in Kenya with OhentPay.

Close-up of a person holding a mug and using a laptop.

Here's how to set up your OhentPay account and start getting paid from anywhere in the world:

Step 1: Create your free OhentPay account

Head to OhentPay.com and sign up with your personal details. 

Step 2: Verify your identity

Upload your national ID or passport. This ensures that everything is secure and compliant with international regulations. 

Step 3: Generate your account details

OhentPay gives you real bank account details for major currencies:

  • USD account 
  • GBP account 
  • EUR account 

Step 4: Share your details with clients

You can then share your account details with your clients. Your clients can send money just like they would to any local bank account.

Step 5: Withdraw to your bank or M-Pesa

Once you receive your money, it's easy to send it to your Kenyan bank account or directly to your M-Pesa wallet.

OhentPay is changing the game for Kenyans who earn money internationally. With real foreign currency accounts, competitive exchange rates, quick transfers, and local withdrawal options, the solution for international payments is in your hands. 

Losing money to high fees and long wait times should be a thing of the past. The tools to succeed internationally are right here, right now.

Are you ready to change how you receive international payments? Download OhentPay and start receiving payments from anywhere in the world with ease.

Want to send money to your loved ones back home from Sweden as an international student? Download the OhentPay app and create an account for free here.

Start your journey to connect beyond borders with OhentPay

OhentPay UK Limited is registered and regulated by the Financial Conduct Authority (FCA) under the Payment Services Regulations 2017 under firm reference number 800178. OhentPay UK Limited is an agent of PayrNet Limited, a company registered in England and Wales with company number 09883437. PayrNet Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FCA reference 900594) for the issuing of electronic money and payment services. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be held in one or more segregated bank accounts with a regulated third party credit institution, in accordance with the provisions of the Electronic Money Regulations 2011 OhentPay is registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under registration number M20343943. OhentPay is registered as a money service business with the United States Financial Crimes Enforcement Network (FinCEN) under registration number 31000246878602.

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