🇭🇺→🇰🇪
Send Money from Hungary to Kenya
Hungarian manufacturers paying Kenya suppliers. Send HUF from Hungary, receive KES in Kenya with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local EUR collection + local KES delivery = no correspondent bank fees
Save £3,030 per £100k Payment
Hungary to Kenya corridor savings
Traditional Bank
£3,535
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local HUF collection
- ✓ Transparent 0.5% spread
- ✓ M-Pesa
Your Savings
86%
£3,030 per £100k
At £300k-£3M monthly, save £7,583/year
Sending from Hungary: What You Need to Know
HUF Origin Specifics
- Hungary uses HUF currency
- SEPA instant payment network
- GDPR compliance required
Your Local Advantages
- Local EUR account available
- SEPA (Single Euro Payments Area) instant collection
- No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.
Paying Suppliers in Kenya: Compliance & Requirements
Regulatory Considerations
- Central Bank of Kenya (CBK) foreign exchange regulations
- Kenya Revenue Authority (KRA) tax compliance
- Import Declaration Form (IDF) for customs
- M-Pesa requires Kenyan mobile number for suppliers
Payment Best Practices
- M-Pesa dominates - most suppliers prefer it over bank transfers
- Kenya = East African trade hub, gateway to EAC market
- Tea/coffee exports world-renowned - quality documentation required
- Use PesaLink for bank-to-bank, M-Pesa for smaller suppliers
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via M-Pesa
Hungary → Kenya Corridor Insights
Popular Industries
- Agriculture
- Tea & Coffee Export
- Textile & Apparel
Peak Trading Hours
CET (GMT+1) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send HUF from Hungary to Kenya?
Save 86% on every payment with t+0 (2.3s avg within unicorn network). Local HUF collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB