Rwanda is a land locked East Central African country with remittances being received highly from Europe, US, North America, Canada and Kenya. Remittances to Rwanda are mainly for Family up-keep, education, investment and medical purposes.
The main senders of the remittances are migrants’ workers. The emergence of mobile network operators (MNOs) triggered an increase in remittances. In addition to the emergence of MNOs, the lowering of transaction costs by money transfer operators (MTOs), has made it cheaper and efficient to send money across Rwandan borders.
How to send money in Rwanda
1. Bank Transfers
Transfer funds to all banks in Rwanda within 1 working day
2. Cash pickup
Collect cash instantly at Equity Bank Rwanda branches
3. Mobile Wallet Transfers
Mobile money is sent instantly to MTN and Airtel Tigo