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Paysend makes sending money to Colombia fast, secure and hassle-free. With Nequi, one of Colombia’s most widely used digital wallets, your loved ones can receive money straight to their cell. Whether you’re supporting family, sending a gift or handling financial responsibilities, Nequi offers a reliable and seamless way to transfer funds.<\/p>
If you’ve ever wondered how to send money to Colombia from the USA or another country, Paysend makes it simple with just a few steps.<\/p>
Why send money to Nequi with Paysend?<\/h2>
Since launching transfers to Nequi in November 2024, we\'ve made several improvements to make sending money to Colombia even better:<\/p>
Fast transfers<\/strong> – Transactions can now be processed straight away or within the same business day, meaning your loved ones get their money quicker.<\/li>
Better exchange rates<\/strong> – The exchange rate has been improved, which means the recipient will receive more Colombian pesos \(COP\) per dollar sent compared to before.<\/li>
Simplified checkout process<\/strong> – No more recipient ID requirements, making transfers faster and reducing unnecessary steps.<\/li>
Seamless experience <\/strong>– Sending money to Nequi is now more efficient and convenient, allowing recipients to use their funds for payments, purchases or cash withdrawals.<\/li><\/ul>
These updates make it easier than ever to support family and friends in Colombia with Paysend.<\/p>
Alle ArtikelHow Paysend is already meeting worldwide remittance affordability goals
How Paysend is already meeting worldwide remittance affordability goals
2022-04-04
All articles
Over the past few years, digital remittances served as a lifeline to stay financially connected with loved ones living abroad during the COVID-19 pandemic. Now, despite moving into an era where people are more likely to travel and get together with friends and family, remittances are still expected to rise.
Digital transfer options are continuing to grow in popularity as they offer a convenient way to send money to loved ones living internationally. In fact, the remittance market is expected to grow nearly 5% this year.
In addition to convenience, cost is also a factor that people often consider when choosing between different services. So, why has the price of sending a remittance risen and what can be done to mitigate cost for you and your loved ones?
Remittances are growing, but cost and fees don’t have to
The global average cost of a remittance in recent years was a shocking 6.5%. Despite many digital remittance companies touting low transaction prices, people are still subject to spending more on money transfer costs due to hidden fees. Historically, there has been a lack of cost transparency within our industry that has resulted in people paying high fees for remittances.
There are several factors that hike up remittance prices – exchange rates that fluctuate, transfer fees, receival fees and more. These charges, often not accounted for at the beginning of a transfer setup, have caused billions of people to spend more money to make international transfers and payments than initially intended.
That’s why the United Nations set a worldwide mobility goal to make digital money transfers fees less than 3% by 2030. Experts believe that with greater price transparency throughout the entire transfer process, we can achieve lower remittances costs globally.
Paysend promises to make money transfers affordable for all
Here at Paysend, we understand the needs of our customers and aim to make digital money transfers accessible (and affordable) for all. Despite having several years left, we’ve already pushed to achieve the UN’s goal as we charge a flat $2 per transfer with no hidden fees.
“Paysend helped me and my family a lot by offering a low transfer fee and great service - very simple and convenient,” said a customer that transfers money to Uzbekistan.
Looking for a way to send money abroad without the confusion of hidden fees and unnecessary upcharges? Download the Paysend Global Transfers app* from the App Store or Google Play today.