What is the best app to send money to Nigeria?
Nigeria is a country with a booming population of currently about 182 million people. Nigeria has a fast-growing economy and it’s the most populous country in Africa. The Nigerian mobile money industry was worth $2 billion as of 2015, and more than 15% of Nigerians have used mobile banking apps to transfer money from one bank account to another or send remittances home.
So how do you send money to Nigeria? There are many different ways and apps that can be used, but which is the easiest and best? In this article, we take an in-depth look at what you need to know about sending money abroad, including cost comparisons for popular services like PayPal, Western Union, and TransferWise.
Find out what the best app to send money to Nigeria is
With a population of over 182 million people and an economy that is growing fast, Nigeria has become one of the most populous countries in Africa. Despite its size with 15% of mobile banking app users sending remittances home for family members overseas or transferring funds from account-to-account; there are still many issues preventing this trend from taking off even more so than before such as high fees charged by Western Union which makes it less attractive when compared against other options available – not including how much time waiting can take away from you too!
A lot of people are looking for the best way to send money. When you’re sending a large sum, it’s important that your app has all of its features and security checks in order not only to receive funds but also to deliver them on time!
Here are some helpful tips that can help identify the best app to send money to Nigeria:
The process can take up four weeks or more depending on who is receiving as well as at what bank they have an account with; make sure there aren’t any delays because then payments may get returned back–and this would be really unfortunate since this cost both parties extra fees just from re-sending everything over again (plus interest).
Send money from your phone or computer with ease
The best way to send money from your phone or computer is with a quick Google search for “send payment”. You’ll find that there are many apps on the market, but this one has been reviewed positively by people who have tried it.
There are two ways to send money from your phone or computer with ease. The first, and most secure way is by typing in the recipient’s name into Google Search then pressing Enter (or taps for touch screens) which will open up a search engine on their device that you can use to take out all of those necessary steps needed when sending someone some cash; just type ” Receiving Address” followed by yours – once found hit enter again & presto! You’ll see an option appear asking if it should be sent as a gift card code…
Get a better exchange rate than at a bank or airport kiosk
Most banks and airports don’t offer the best exchange rate. A better exchange rate than at a bank or airport kiosk is just another way to save money with Travelex.
Networking tip: Try introducing yourself and sharing what you do for work in person, online (for example on Linkedin), use social media- whatever works best for your situation!
Find other ways to send money overseas that are cheaper, faster, and more convenient
With the rise of international wire transfers, it’s now easier and faster for people living outside their home country to send money back. The drawback? Expensive fees that can total 10-30%! There are cheaper alternatives though: Western Union charges only $0.25 per transaction in India while PayPal’s pricing varies depending on whether you use a credit card or bank transfer as a payment option (2% + 30c). So how do I get started with sending funds abroad today?
What is the most efficient method and best app to send money to Nigeria?
We recommend using a specialist currency provider if you wish to send money to a bank account in Nigeria.
Choosing the best app to send money to Nigeria depends on the amount you intend to send.
For example, WorldRemit, TransferWise, Xoom, or MoneyGram may be the best solutions for transfers under $300 or similar.
1. WorldRemit
WorldRemit is one of the most popular apps for sending money to Nigeria by people from all over the world. You can send money to Nigeria via Worldremit as a cash pickup, bank transfer, or airtime popup. You can only send a bank transfer to Nigerian Dollar accounts (domiciliary accounts).
Fidelity, FCMB, FirstBank, Access Bank, Diamond Bank, and Ecobank are some of the Nigerian banks to which you can send money. Opay and PagaTech are mobile money wallets through which WorldRemit can send money in Nigeria. Even though, due to the latest CBN directive, sending to mobile wallets is currently not possible.
For bank transfers, the maximum amount you may send to Nigeria using WorldRemit is roughly $7,000,000 per payment and each day. The limits, however, are determined by the country from which you are shipping and the payment method you wish to employ.
2. MoneyGram Online Money Transfers App
MoneyGram is number ten.
Moneygram is one of the most established and dependable methods of sending money to Nigeria. MoneyGram has over 350,000 agent locations worldwide and has partnered with over 400 banks.
Moneygram is the world’s second-largest money transfer service, so you can be confident that if you send money to Nigeria via MoneyGram, it will arrive at its intended location.
3. WesternUnion Android Apps
Start sending money around the world with the Western Union® (WU) money transfer app, which includes easy-to-read conversion rates.
Western Union Android Apps is at your service! Transfer money to loved ones in more than 200 countries and territories using 150 different currencies. You can send cash to an agent location or straight to bank accounts for convenient and reliable pickup at any time of day or night.
Western Union Android Apps is one of the most efficient Apps for sending money to Nigeria. WesternUnion, the world’s largest money transfer service, is still a good option for sending money if you don’t mind going to a bank.
With Western Union Android Apps, you can make fast money transfers from the US to everywhere in the world, 24 hours a day, 7 days a week – Track Western Union international money transactions in real-time – Replicate transfers with quick resend
– Get real-time currency exchange rates for major currencies across the world.
– Pay bills in the United States as well as in Mexico.
– Locate hundreds of thousands of agent locations throughout the world for quick cash pickup.
– Secure access to the app with touch and face ID login – Set weekly, bi-weekly, or monthly transfer reminders so you don’t forget to give to your loved ones – Change the delivery method from cash pickup to bank account whether you’re the sender or receiver
Compare Western Union and Moneygram
- Western Union and Moneygram are two different ways to send money. Western Union and Moneygram are two different types of transfer businesses that serve the same purpose.
- Western Union and Moneygram are both great, but they do have some differences. Western Union is a company that offers money transfer services globally while Marge runs in most countries with over 6 million locations all around the world as part of its business operations.
- Western Union has been around since 1851, so they’re a tried-and-true option if you want fast service with low cost or insurance coverage options that don’t charge extra fees as some other companies do!
- As of this writing, it costs $0.40 per transaction for sending up to $500 using the SurePay® Protection Service which provides 24/7 protection from unpaid bills sent through their network in case anything does happen during delivery – but note there is no additional fee unless something should go wrong.
- Western Union primarily offers services for sending money overseas, while MoneyGram focuses more on domestic transactions within North America; however, they both provide transfers between countries around the world as well!
- Western Union is only available in select countries whereas money sent via MeeGram can be delivered anywhere with an internet connection; also if you send $80 or more to someone who doesn’t have any bank account then it’s free!
4. PayPal
PayPal is also the most cost-effective, time-saving, and simple way to send money to Nigeria. It’s one of the finest ways to send money because the Quick Transfers function allows you to finish your transaction in just two days! You can also use it to pay friends or family back, so there will never be any fees associated with this process either way if they’re using their account information from yours, and everything will be done seamlessly without having to wait weeks for them to receive anything, as other services may require at times where someone else has control over what they send because they don’t always let go after payment fully until everything goes through with ease.
You may send money overseas in a variety of ways that are both cheaper and faster than traditional procedures. For example, getting an international wire transfer utilizing PayPal’s service was considerably easier for me than transferring cash through the post office or using courier delivery services like DHL Air Express Service.
Once all relevant documents have been submitted, the procedure takes roughly five minutes from start to finish, with total transparency when paying fees-related charges by both sender and receiver without requiring any additional approvals in countries where they operate.
5. M-PESA
Using an app to send money is one of the most convenient methods to do it. M-Pesa, which can allow you to manage your accounts from anywhere at any time as long as you have an internet connection, is one that’s frequently recommended in Nigeria, and anywhere for that matter.
M-PESA is a Kenyan firm that allows users to transmit money in minutes using their phone or computer. Simply input your PIN and the amount of money, then select whether it’s an individual transfer (to another person) or a business transaction (for example, paying staff who reside outside of town but work at the same spot every day) – talk about convenience!
6. RIA Money Transfer
RIA Money Transfer is one of the world’s largest money transfer providers. It may be found at 314,000 places in 144 countries throughout the world. RIA Money Transfer also includes bill payments, debit card services, money orders, and tracking in addition to its money transfer service.
RIA money transfer has worked with Nigerian banks such as Diamond Bank, First Bank, Skye Bank, and Ecobank to make it simple to send money to Nigeria from other countries.
There are no hidden fees or charges with RIA Money Transfer. If you wish to send money with RIA, you must first create an account by visiting RIA online.
You can now send money to Nigeria after registering for an RIA account and having it approved. For sending money to Nigeria, RIA offers three options: bank account, debit card, or credit card. You can also track your transaction until it is completed.
The person receiving the funds must present a Nigerian national identity card, a driver’s license, or an international passport to establish their identity. Also, include the pin provided by the sender. Also include the amount of money sent by the sender.
For Nigeria, the RIA Money Transfer Limit is $500. The money will be given to the receiver in US dollars, not naira equivalents.
7. Eversend App
Eversend app is a multi-currency e-wallet that allows anyone to rapidly trade, save, and send money within and outside of Nigeria and other African countries at the cheapest available prices.
With the Eversend app, you may send quick bank transfers to Nigerian bank accounts.
Eversend App claims to cut fees and foreign exchange costs by up to 70%. You may also use Eversend app to establish a virtual debit card and shop online in real-time. You can load any currency onto the virtual debit card and shop in USD.
You may also keep and trade several currencies, including USD, EUR, NGN, KES, UGX, RWF, and GBP, using the app.
8. Sendcash App.
Sendcash App is a simple way for consumers to send money to Nigerian bank accounts in minutes using Crypto via a bank card, Apple Pay, Cash App, or a Crypto wallet from anywhere in the globe.
It’s a fantastic site for sending money to relatives and friends in Nigeria, as well as for freelancers and creatives in Nigeria who receive money from clients abroad.
Sendcash is simple to use, inexpensive and does not require registration. Simply enter the account number to which you wish to send money and you’re done. Sendcash transfers can take anything from a few minutes to four hours, depending on liquidity and current rates.
There are two ways to send money with Sendcash. Wyre accepts bitcoin and USDC through a bitcoin wallet (Bank Card or Apple Pay). When utilizing a bitcoin wallet, the transaction limit is $2500, however, with Wyre, the maximum is $1000.
9. Remitly App
Remitly is another good international money transfer service you can use to send money to Nigeria.
Remitly is a great digital alternative to traditional money transfer services like Western Union and Money gram, as it makes sending money to Nigeria fast, secure, and relatively inexpensive.
You can send money to Nigeria using the Remitly online money transfer service or the Remitly app on your smartphone or tablet.
Remitly can only transfer money to your recipient in Nigeria via cash pickup or bank deposit in US dollars (USD). To receive money in bank deposits from Remitly, the recipient will need to own a domiciliary account.
10. Azimo Android Apps
Azimo’s award-winning iOS and Android apps are revolutionizing international money transfers.
Azimo App is one of the quickest and most cost-effective methods of sending money to Nigeria. With Azimo, you may send money to Nigeria via cash pick-up and SWIFT transfers to Dollar (USD) and Pounds (GBP) accounts.
Azimo professes to be 77% less expensive than other money transfer companies.
When you send money to Nigeria with Azimo, your recipient will receive an email with pick-up instructions as soon as the transfer is ready. An OTP SMS will be sent to the entered recipient number. Your recipient will be unable to collect their cash at the pick-up site without it.
Debit or credit card, bank transfer via online banking (not available in countries such as Poland, Denmark, Norway, Sweden, or Australia), and SOFORT are the payment methods available when sending money using Azimo (not available in countries like Austria, Belgium, Germany, Italy or Netherlands).
11. TransferGo App
Is it possible to send money to Nigeria using TransferGo?
You can now send international transfers in NGN and USD to people’s cards using TransferGo. It’s actually even simpler and quicker, and it’s completely risk-free.
You may send money to Nigeria with TransferGo, a low-cost international money transfer service. Currently, the company supports 22 currencies in 47 countries.
TransferGo is a licensed and authorized payment institution in England, regulated by the FCA and supervised by HMRC (Her Majesty’s Revenue and Customs), thus they adhere to the same security standards as any commercial bank.
TransferGo provides high-quality money transfers that are quick, simple, and cost-effective.
Their cost is dependent on very competitive currency rates and how quickly you want your money to get at its destination, and that’s all there is to it.
12. App Paystack
Paystack is an African payment company that operates in Nigeria and other African countries. Paystack isn’t a money transfer service, but it does allow users outside of Nigeria to send money to people who have a Paystack account.
If the individual in Nigeria to whom you wish to send money has a Paystack account, they can send you a payment link that they can create in their Paystack dashboard.
The payment must be made with a debit or credit card. Nigerian enterprises, creatives, and freelancers utilize Paystack to receive money all over the world.
Paystack is a fantastic alternative to money transfer services and the problems that come with it. The recipient of the money you want to send to Nigeria, on the other hand, must have a Paystack account.
13. App for Flutterwave
Flutterwave, like Paystack, is a money transfer service that enables Flutterwave users to receive funds from anywhere in the world.
14. TransferWise App
Is TransferWise a reputable business and the best app to send money to Nigeria?
Is Wise (previously TransferWise) a secure and reliable service? Yes, it is correct. Every month, they transfer $5 billion. They protect their customers from fraudulent conduct in the same way that large banks do.
15. Xoom App
Using the Xoom app on your iOS or Android device, you can send money, refill phones, and pay bills faster. You may also use your phone to check the status of your transactions wherever you are. It promises to be the best app to send money to Nigeria.
To begin using the app:
From the App Store or Google Play, get the Xoom app.
Log in to the app after it has been opened (or sign up for a new account)
Choose a destination country.
You can choose to mail money, recharge phones, or pay bills.
Tip
If you want to get transaction progress updates through SMS, enable push notifications.
Send it again as soon as possible.
Sending money to the same individual again? Do you have to reload your mother’s phone every month? Xoom can securely save the data of your transactions and preload them the next time you wish to send money or replenish airtime to the same person.
In just two taps and a slide, you can send to the same contact again: To see a list of your recent contacts, tap ‘contacts.’ Under your contact’s name, tap the type of transaction you want to send again.
If necessary, adjust the amount or payment options.
Send with a Slide
On-the-go transaction tracking
If you activate push notifications and tap the ‘Get Text Updates’ button after finalizing a transaction, the Xoom app can automatically text you status updates.
By pressing ‘Activity’ and selecting a transaction from the list, you may check the status of all your transactions at any moment.
