Kuda vs Chipper Cash: Which Is Best
In the modern world, digital payment platforms have sprouted like mushrooms, providing users with a quick and reliable way to send and receive money.
With such a high demand for quick and legitimate money transfer services, fintech companies that offer peer to peer payment services have become quite a sensation in recent years.
Among the leading companies in this industry sector are Kuda and Chipper Cash. These companies offer swift and reliable money transfer services that have been embraced by a wide range of users worldwide.
However, which of these two prominent payment platforms should you choose?
Kuda vs Chipper Cash: Which Is Best?
For a start, Kuda is a digital only bank that operates in Nigeria, offering hassle-free banking services to its customers.
On the other hand, Chipper Cash is a cross border payment platform that operates in seven African countries.
It is important to note that both Kuda and Chipper Cash share several similarities. They are both mobile apps that offer seamless money transfer services.
Moreover, these two platforms work best for individuals and small businesses because they do not attract any serious bank fees making them more attractive alternatives compared to traditional banks.
However, in terms of specifics, there are several distinguishing factors that set them apart, as discussed below.
Usability
One of the most crucial factors regarding payment platforms is their usability. Users need an app that is easy to understand and navigate.
Both Kuda and Chipper Cash are user-friendly with clear and easy to use interfaces. However, when it comes to flexibility and customization, Chipper Cash stands out.
The platform has several configuration options that can be customized according to the user’s preferences, making it easier for users to personalize the app to meet their needs.
Transaction charges and fees
When it comes to transfer fees and charges, both Kuda and Chipper Cash are attractive alternatives to traditional banks.
The good news is that the recipients do not incur any charges for receiving cash. However, there are still significant differences in terms of transaction charges for sending money.
For Kuda users, there is currently no charge for interbank transfers up to N500,000, and bank deposits are free.
Nonetheless, customers who wish to use USSD codes will be charged a predetermined fee.
On the other hand, Chiper Cash is free for both local and global transactions. No hidden fees or commissions apply, making it a more affordable platform.
Transaction limits
Transaction limits are a vital consideration when choosing a payment app. Chipper Cash currently has a low transaction limit of $2500 per day.
This means that users who wish to send larger amounts may need to break transactions into smaller packages.
On the other hand, Kuda has a much higher transaction limit of up to N1 million per day, making it a better option for users who need to transfer significant amounts of money.
Security and user protection
Security is essential, especially for platforms that deal with money transactions.
In terms of user protection, Kuda is the clear winner. The platform has several security features such as two-factor authentication, biometric logins, and many more, which ensure that users’ data is safeguarded.
On the other hand, Chipper Cash has fewer security features, and some customers have reported several breach incidences.
However, the platform has implemented several measures to ensure that users are protected.
Customer service and support
In terms of customer service, Kuda has a well-structured system that provides users with numerous avenues to access customer support services.
These include an in-app chat service, an email address, and social media platforms such as Twitter and Instagram.
On the other hand, Chiper Cash users can only access customer support through an in-app chat service, which can be slow at times.
