International cash transfer is not a very good option as compared to wire transfers because of the following reasons:

1. Limited Cash Pickup locations

Although the transfer network and compatible branch locations could be limited for even wire transfer depending on the specific state’s license status, cash transfers require physical presence which is a tedious task.

Although doorstep facilities are also involved in some cases, still, a digital transaction when you send money to Nigeria, Ghana, Kenya or any other country is undoubtedly more convenient.

2. High Exchange Rate


Due to the operational expenses involved, service providers charge high exchange rates for cash transactions as compared to digital payments. This trend is at its peak especially in Ghana, Kenya, Nigeria or other Sub-Saharan nations.

Even banks and digital platforms may charge a high rate (7-20%) but FAZRemit instantly processes every international transaction at the lowest price.

Read: Cheapest Rates to Transfer Money from USA to Ghana, Nigeria and Kenya

3. Personal Hazard

It is very risky to pick up or deposit cash. Also, it is best to avoid cash-payment for a high amount. Further, any leak in the information could lead to severe hazards. Therefore, keep the cash hidden and information confidential. This rule should be followed for every financial matter, however, cash payments need more caution whenever dealt with.

It does not just end here. There are more complications at the receiver’s end. To minimize leakage of funds while distributing a foreign aid or funds by NGOs, officials or volunteers may argue that cash has been a preferred method since a fairly long time.

Dividing the cash into appropriate proportions is not easy. Further, it would involve physical participation of the distributor as well as the receiver. Instead, digital payment can be easily circulated and genuine receiver(s) can get an exact amount into their bank accounts in Ghana, Nigeria or Kenya.


Why do Cash Transactions need to Be Avoided?

  1. Unlike cash finance, in the digital payment, each and every transaction can be checked. This increases the accountability of the entire network. Therefore, all the members of a web (irrespective of its size) can be satisfied with the reliability.
  2. For entrepreneurs, in the initial stages, cash could be an asset but in the long run, while availing products and services, and even while paying the employees, the best method is to avoid cash.
  3. Getting acquainted with the banking system and being a part of the nation’s economy is of utmost importance. The government needs data and statistics about the flow of income and expenses to take evolutionary steps.


Although the problem with Sub-Saharan nations’ population is their distrust in the government agencies apart from the social reasons and inability to understand the importance of banking, it is the government’s responsibility to develop awareness among them without hurting the sentiments. At the same time, the educated and learned individuals, especially the millennials – need to provide constructive guidance to their family, friends, and community to achieve this goal.

Partially agreeing with the argument that at present, the dream of a cashless and digital economy is a far-fetched global objective, however, the world is moving towards it at a very fast pace and this rapid acceleration could alienate the ones who are unaware or are trying to refrain from it.

Cash could be the initial stage of giving financial aid. This is undoubtedly a valid argument against the motion but the time has changed. Technology has advanced exponentially in the 21st century and it is still developing at an unprecedented rate. This makes it important to integrate the technological nuances in their lifestyle, if not totally discard the traditional methods. So, whether you need to avoid cash transactions depends on how much you value convenience!