Nala Money

NALA is a Tanzanian-founded fintech company that has significantly expanded its services in Uganda, offering efficient and affordable cross-border money transfers. In 2024, NALA was granted an International Money Transfer Operator (IMTO) license by the Bank of Uganda, enabling direct integration with local mobile money platforms like MTN Mobile Money and Airtel Money.

Key Features of NALA in Uganda

• Instant Mobile Money Transfers: Users in the UK, US, and EU can send money directly to Ugandan mobile wallets, with 95% of transactions completed within minutes.

• Transparent Pricing: NALA offers competitive exchange rates with no hidden fees; any charges are clearly displayed before confirming a transfer.

• User-Friendly App: Available on both Android and iOS, the app supports various payment methods, including Apple Pay and Google Pay.

• Secure Transactions: The platform employs bank-grade encryption and fraud detection to ensure the safety of users’ funds and personal information.

How to Send Money to Uganda Using NALA

1. Download the NALA App:

2. Create an Account: Sign up using your email or phone number and set a secure password.

3. Verify Your Identity: Complete the Know Your Customer (KYC) process by uploading a valid government-issued ID and a selfie.

4. Add a Recipient: Enter the recipient’s mobile money details or select from your contacts.

5. Initiate a Transfer: Choose the amount to send, select your payment method (bank transfer or card payment), and confirm the transaction.

6. Track Your Transfer: Monitor the status of your transaction in real-time within the app.