How to pay a team in Senegal from the US, Canada, the UK or Europe: channels, costs and what the recipient sees

Short answer. Fund a Storspay business account in US dollars, euros, pounds or Canadian dollars, add your recipient in Senegal once, and the payout lands the same business day in CFA francs to the bank account or mobile-money wallet they already use. It costs 2% all-in at the mid-market rate, against roughly 6% for a bank wire. The recipient signs up for nothing.

Senegal is a francophone, mobile-money-first corridor. The companies paying into it are francophone BPO and support teams, fishing and agri exporters, tourism, diaspora-owned businesses in Montreal, Paris and New York with Dakar staff — most of them in Dakar, Thiès and Saint-Louis — and a growing number of diaspora-owned businesses in Montreal, Toronto, Paris and New York. This guide covers what you need from the recipient, which channel the money travels on, what it costs against a wire, and what the person on the other end actually sees.

Who this is for — and who it is not for

Storspay is for businesses, and a sole trader counts as one. If you are a freelancer or sole proprietor trading in your own name, you open a business account of the sole-trader type. You can be paid by companies abroad, and you can pay other businesses on Storspay — including other sole traders — for work they have done for you.

What Storspay is not is a personal money-transfer service. We do not open personal accounts, and every payment has to be a business transaction: an invoice, a contract, work delivered. Money to family, gifts and personal transfers are not what this is, and we would rather say so now than at verification.

How the money gets there

• Mobile money. Wave, Orange Money and Free Money — in minutes.

You never pick the rail. Storspay chooses the best live channel for each payment, shows you which one before you confirm, and splits anything above a per-transfer cap into the right number of transfers under one reference and one fee.

What you need from the recipient

Just the mobile-money number and the network. No app to install, no account to open, nothing new to learn — the Senegalese recipient is paid in CFA francs to the account or wallet they already use, and gets a notification from their own bank or network when it lands.

What it costs

Say you pay a team member in Dakar US$10,000. Storspay charges 2% all-in — $200 — and the recipient gets CFA5,738,153 at the mid-market rate on the day of writing, September 2026 (1 USD = 586 XOF). A bank wire at a typical 6% in fees and spread delivers about CFA5,503,943. That is CFA234,210 more for your team, every payment, and it lands the same business day instead of three to five days later.

How a payment runs

1. Fund your balance in USD by ACH or wire, CAD by Interac e-Transfer or EFT, GBP by UK bank transfer, or EUR by SEPA — to account details in your own name. Dollars and euros are held in the currency they arrive in, so a EUR deposit stays euros until you choose to spend it; pounds and Canadian dollars convert to US dollars on arrival at the rate shown once on the deposit.
2. Add the recipient once, or upload a CSV for a whole team. Storspay verifies the account details where the local system allows it.
3. Enter the amount in USD or in XOF — either field updates the other — and confirm. The rate is fixed at that moment.
4. Track it to "completed", which Storspay only shows once the local bank or network has confirmed the credit.

What is particular about Senegal

Senegal is a Wave country: mobile money with near-zero user fees is how salaries, rent and school fees move. Per-transfer caps on mobile money are low, so Storspay splits a monthly salary into as many transfers as the cap requires under one reference — you enter one amount and see one fee.

Paying Senegal alongside other countries

A Storspay batch can hold XOF lines next to payouts to any of the other 25 corridors, and next to USD, GBP or EUR bank payouts (from $5, £4 or €4.50) for recipients who prefer dollars, pounds or euros. One upload, one review, one total, one debit.

What "Storspay to Storspay" means

If the business you are paying is also on Storspay — a company or another sole trader — the payment is free and instant, and they receive the same currency you paid from, with no conversion in between. That is how a freelancer pays a subcontractor, or an agency settles with the designer it briefed. If they are not on Storspay, it is an ordinary payout: their local bank account or mobile-money wallet, 2% all-in, with any local delivery fee shown on the same line before you confirm.

Either way the payment has to be a business one. Storspay moves money between business accounts against work, invoices and supply — not between private individuals.

Questions we get about Senegal

Why does a Senegal payment show as several transfers?

Mobile-money caps in Senegal are low per transfer. Storspay splits the amount automatically; the recipient gets the full amount, you pay one 2% fee.

Which network should I use?

Whichever your recipient uses — Wave is the most common. Ask them once; Storspay saves it to the recipient profile.

Can I fund in euros?

Yes. Fund in EUR by SEPA and the CFA amount is fixed by the euro peg — no rate surprise.

See the exact number for your volume on the calculator — pick Senegal, enter what you pay each month, and it shows what your team receives against a wire. Also read how getting paid from Senegal and the other corridors works.