Why Do Transfers to Africa and Asia Get Delayed – and How Does Towb Solve This Problem?

In today’s digitally connected world, sending money to Africa and Asia still faces unjustified delays compared to transfers to Europe or North America. While individuals and businesses expect speed and transparency, transfers in these regions are often hindered by a series of technical and regulatory obstacles. However, new fintech solutions are redefining the speed and security of money transfers. So how is that happening?

First: Why Do Transfers to Africa and Asia Get Delayed?

1. Multiple Intermediary Banks
Transfers to Africa or Asia often pass through several intermediary banks before reaching the final recipient’s bank. Each intermediary processes the Transfer separately, adding delays and increasing the chances of a holdup at any point.

2. Weak Banking Infrastructure
In many developing countries, banks still rely on manual processes, causing slower execution. Limited automation and lack of system integration between banks lead to longer Transfer times.

3. Regulatory Procedures and Identity Verification
Money transfers are subject to strict oversight, including sender and recipient identity verification and transaction screening under Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. These checks can cause extra delays, especially in high-risk regions.

4. Data Errors
Simple mistakes like a typo in the recipient’s name, account number, or SWIFT code can result in the transaction being held or rejected, requiring manual review and additional delays.

5. Currency Conversion
Transfers to rare or exotic currencies may require additional time for exchange from the original currency to the target one, especially if the sending bank lacks sufficient liquidity in that currency.

6. Time Zone Differences and Public Holidays
Differences in time zones and varying national holidays affect banking hours and may delay processing—especially if the Transfer falls on a weekend or public holiday in either country.

7. Manual Processing
Some payment corridors still involve manual processing by bank staff instead of automated systems. This human involvement makes the process prone to delays, particularly during peak periods or staffing shortages.

Second: How Does Towb Solve These Challenges?

1. Direct Partnerships with Local Banks
Towb builds direct relationships with local banks and payment providers in Africa and Asia, bypassing intermediary banks. This streamlines the route, cuts costs, boosts speed, and minimizes delays.

2. Advanced Technology
Towb leverages a highly advanced tech infrastructure, including full automation of data validation, security checks, and currency conversion. Tasks that used to take hours are now completed in minutes with minimal human intervention.

3. Real-Time Transaction Tracking
Towb allows users to track their transfers in real time, offering transparency and reassuring customers about the status and expected arrival of their funds.

4. Local Currency Settlement
Instead of relying on hard currency transfers followed by local conversion, Towb settles amounts directly in the local currency, eliminating a whole step and saving crucial time.

Third: Transfer Time Comparison

Conclusion

The reasons behind delayed transfers to Africa and Asia are many—ranging from technical and regulatory challenges to time differences and manual processing. Yet, these obstacles are no longer inevitable. Towb introduces a modern money transfer model that combines speed, transparency, and reliability, backed by advanced fintech and strong local partnerships.

If you’re looking for a smart, fast, and secure way to send money, Towb is the answer.