29 Jan 2025
Gone are the days of waiting in long queues or dealing with costly transfer fees. For Ghanaians in the Netherlands, digital remittance solutions have become the go-to choice, offering speed, security, and convenience. But what’s driving this shift, and why are traditional methods fading into the background?
In recent years, especially after COVID-19, people have started doing most of their tasks through online platforms. Every daily task is done online, from ordering food to working from home. This includes how people send money as remittances from foreign countries to their loved ones back home. Most Ghanaians now send money online to Ghana from Netherlands. Digital platforms have entirely revolutionized international financial transactions, making them more manageable, quicker, cheaper, and more accessible.
If you are also looking for reasons to switch to digital remittance solutions, this blog is your guide to do it today!
The problem with traditional transport channels is that they are much more time-consuming and effort-consuming than digital transfer channels. However, the question remains as to why you need to prefer digital transfers over traditional transfers. Digital transfers offer unparalleled convenience, allowing you to send money anytime and anywhere without visiting physical locations. They are often more cost-effective, with lower fees and better exchange rates than traditional channels.
Additionally, digital transfers provide faster processing times, ensuring your money reaches its destination almost instantly. Security is another advantage, with advanced encryption and fraud detection mechanisms safeguarding your transactions. Lastly, tracking your transfer in real-time is effortless with digital platforms, offering peace of mind and transparency.
As a Ghanaian expat in the Netherlands, I find digital remittance platforms to be much more convenient and fast. If you go to a traditional bank for a remittance transfer, it may take a few days to process, while digital transactions are often completed within a couple of minutes and with a few easy clicks. This comes in handy, especially when there is a financial need back home, such as a medical emergency.
Many money transfer service providers offer website platforms for remittance transfers and mobile applications for the convenience of their customers. For instance, ACE Money Transfer has a mobile application compatible with Android phones and iPhones. This means that you can send money to Ghana from Netherlands anytime, anywhere, from the comfort of your home.
It's hard enough to physically go to a bank to make a remittance transfer. On top of that, banks charge quite high fees for money transfers. Digital money transfer platforms offer much lower fee rates and competitive exchange rates compared to the bank. So, it is always a good idea to choose a digital money transfer platform instead of physically going to a bank.
Many of these digital money transfer service providers offer competitive and updated conversion rates to their customers. This ensures that their customers get the best rates, which will maximize the value of their remittances. For instance, ACE Money Transfer prioritizes updating its exchange rates regularly to offer the best deal to its customers.
One of the best features of digital platforms is that they ensure secure financial transactions. Almost all platforms have security features like 2-factor authentication and encryption to protect their customers' sensitive and financial information. Naturally, when a customer feels secure using these platforms, they would prefer it more, considering the convenience and ease they offer.
Digital access itself opens up many doors for people from all segments of society. Having the tools for managing one's finances and transactions through digital platforms is even more empowering.
Families in Ghana no longer have to worry about receiving funds quickly and safely since it is ensured through digital remittances. The Ghanaian expats can now make an online money transfer from Netherlands to Ghana, especially in rural and remote areas. With the rise of mobile wallets, more and more people are bearing the fruits of financial inclusion through digital access.
Receiving remittances turns the wheels of Ghana’s economy, eventually helping improve all sectors, such as education and health care. Guardians can build economic resilience in their home country through the remittances they send back home.
Not only are digital money transfers secure, but they are also convenient and affordable for expats worldwide. Ghanaian expats in the Netherlands no longer prefer to send money online to Ghana from Netherlands due to the ease it offers. Not only does it make the lives of expats and their families back home easier, but it also improves the Ghanaian economy when remittances reach the country.
Digital remittance solutions offer speed, lower fees, and secure transactions, making them ideal for sending money quickly and affordably.
Yes, digital platforms typically have lower fees and offer competitive exchange rates, helping users save on transaction costs.
Most platforms use encryption and two-factor authentication, ensuring your data and money remain safe.
Many platforms provide competitive exchange rates, and users can compare rates before sending money.
Yes, reputable platforms are regulated by financial authorities to ensure safe and reliable transactions.
