- Security and regulation: Government-regulated with verification for all users in South Africa.
- Established: 2006
- Reviews: Trustpilot gives Mukuru a score of 3.2 out of 10, based on 11 reviews.*
*According to Trustpilot on 7 March 2019.
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Mukuru’s fees depend on the country and currency for your transfer, but all fees and rates are explained upfront and are included in your cost before booking your transfer.
Mukuru currently supports money transfers to select countries mainly in Africa. Some of the more popular currencies include:
Mukuru specialises in single transfers to friends and family, whether over the phone, through the app, online, bank transfers or through one of its branches. You can’t set up a recurring transfer through Mukuru and it doesn’t specialise in business transfers.
You can make transfers to any of the following, depending on the country you’re sending to:
Once a customer’s identity, income and address have been verified, and the payment is received, transfers are instant.
The supported payment methods vary depending on where you are in the world but from South Africa, you’ll have a few options: make a cash deposit at one of Mukuru’s partner branches, online or telephone banking, bank transfer or through a Mukuru Money prepaid debit card, which all customers in South Africa qualify for. South Africa is the only country in Africa that allows bank transfers with Mukuru.
*According to Trustpilot on 7 March 2019.
Mukuru charges a fixed fee depending on how much money you transfer. It also makes money by adding a margin to the exchange rate it offers. You can find out the exchange rate through Mukuru’s price-check tool online. Always check you have a favourable rate before proceeding with any transaction.
Launched in 2006, Mukuru is a digital international money transfers service based in the UK offering remittances to more than 10 countries, mainly in Africa.
Mukuru was essentially created to help people move money within Africa and claims to be one of the easiest ways to send money and receive cash within the continent.
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