Access dollars at low rates in minutes with Klasha

In recent times, the US dollar, the world’s reserve currency, has grown so strong that its rise affects countries like Nigeria, where its currency gets weaker.

Financial institutions and customers interested in making global USD payments are having a hard time. For domiciliary account owners, transactions are now one-way — they can deposit but can hardly make large withdrawals.

What does this mean for you?

As someone interested in making transactions from Africa, your options are limited. Due to the FX scarcity in banks, there are various restrictions on the time it will take the recipient to get the funds. Sometimes, it takes up to 60 days for funds to settle when/if your request is approved.

In line with Klasha’s goal of seamless transactions from Africa, users of the Klasha app can create and fund a virtual card for global use. Known as Klasha Visa Dollar Card, you can create a virtual card with an increased limit beyond $20 and $100 and easily accessible to FX at a low exchange rate.

Here’s a list of some payments you can carry out with your Klasha Visa Dollar Card in minutes:

• International school fees

• Personal travel allowance (PTA)

• Business travel allowance (BTA)

• Online digital services like Facebook ads and Buffer

• Streaming services like Spotify, Netflix, and Disney+

• Airbnb

• Airline tickets (i.e., Qatar Airways and others)

You can use your card to spend USD on different websites and make transactions globally.  To do this, 

• Download Klasha for your iOS and Android devices and create an account.

• Verify your account by going through the KYC processes. This is so we can know you better and help you secure your account and funds when you provide additional information.

• Click on Create your virtual card.

• You will be required to input the amount you want to fund your card with alongside the current rate, which changes regularly but is still low compared to market rates.

• Enter your PIN to complete the transaction.

• That’s it! Your card has been created and is ready for use.

Spending dollars from Africa has been made easy by Klasha. You can now get access to dollars in minutes at a low exchange rate for all your global transactions. Email us if you have questions about the Klasha Visa Dollar Card and other app features.