BitPesa offers the cheapest, fastest, most inclusive way to transfer money to Africa. With $1.3B in remittances coming to Kenya each year, and average fees over 9%, there is a huge opportunity to improve on the efficiency and service in this market. BitPesa charges just 3% and uses a transparent market foreign exchange rate, which makes even micro-transfers affordable.
Our clients are the diaspora in Europe and North America and send around $100 home each month. They are tech-savvy and price-conscious. We will introduce them to Bitcoin and show them how to make their first coin purchase. After coming to our site, customers simply log in and enter the details of their recipients bank account or mobile money wallet. We lock in a fair exchange rate for the duration of the transfer to remove all forex risk from the client. The transfer is paid for in Bitcoin and delivered in local currency in real time to the recipient, directly to their account or mobile money wallet.