A local Kenyan bank – Equity Group, has partnered with UK’s VFX financial to unveil a service that will see users transfer money in multicurrency denomination from UK to Kenya in real-time. Equity Direct service will allow users based in the United Kingdom and corporate institutions send money to any account within the bank here in Kenya. With a competitive exchange rate, Equity Direct is said to offer a very affordable money transfer service across the regions, the service can be accessed online from the banks portal.
Users can send money to Kenya in major world currencies including USD, GBP and EUR. Priding of three major advantages compared to alternatives, the Equity Direct service is reasonably affordable, convenient as users can initiate transactions any time from their homes comfort or office online, and it’s in real time – meaning the recipient will access money instantly. It’ll only cost 4GBP for users to transfer USD 10,000 from the United Kingdom to Kenya.