There are so many options on the table when it comes to sending money to Africa. With the fast growth and expansion of technology, you can get effective and affordable ways that you could use to send funds back home. Whether you’re working as an immigrant in a foreign country and want to send money back home to loved ones, or as a business person looking to invest, there’s an option for you. A money transfer app is that option.
You can easily send money to Nigeria and pay using several ways, including your credit card. Furthermore, the money gets converted to Naira, the native Nigerian currency, before getting to the recipient. Making an informed choice of which app to use to transfer funds successfully is important. In truth, there are several options at your disposal. But not all of them are right for you. The best option that you can use will depend on many factors, including current exchange rates, the amount you’re sending, the initial currency, and so much more.
So, how are you going to ensure that you get a good deal when moving funds to Nigeria? Here are some factors that you can consider:
Compare All Apps for Sending Money to Africa
This is really where you cast your net wide. Technology has allowed many developers to create money transfer apps. The problem is that it can easily get challenging to pick the one to use. Why? They seem to all have the same features and offer the same deals.
Some of the most popular options that you can use to send money to Nigeria include Wise, Remitly, WorldRemit, and Afriex. Of course, there are several other options that you can use, but these are the ones that match our quality standards for sending money to Africa.
Sending money to Africa using the most competitive app is a sure way of saving money. Afriex tends to operate really well in African countries, including Nigeria. Thus, you can use it to send funds safely and in a fast manner.
Also, when you’re selecting a money transfer app, be careful not to compromise on the security details. There’s really no point getting a cheaper option of sending money to Africa, only for it to be intercepted and stolen before getting to the recipient.
Editor’s Pick: Afriex
We suggest that you go with Afriex whenever you’re sending money to Africa. While it might seem to be a new entrant in this space, it sure has the latest technologies and features that ensure an effective experience sending funds.
Its strong presence in African countries, especially Nigeria makes it an even more pleasant choice for sending funds. Combine that with the flexibility of sending cryptocurrency such as Bitcoin.
They also have fair exchange rates for the Naira currency. Hence, you can be sure of getting a good deal by sending funds.
Thousands send money back to Nigeria from foreign countries all over the world. In fact, there are over 15 million Nigerians living out of the country. This means that so many people are looking for an easy way to send funds back to their loved ones at home.
Nigerians living abroad send about $20 billion back to their homeland every single year. And most of these individuals end up spending a lot more on their transfers – sometimes even up to 5 percent. Therefore, using a low-cost option like Afriex can help people save up to a whopping $1 billion every year on transaction charges. Sit back and imagine that for a moment.
Another great option that you can use to send funds to Nigeria from most parts of the world is WorldRemit. It has a pack of features that will interest you as the user. Top that with their great security features that ensure your funds are always safe, regardless of where you’re sending them.
Deliveries occur almost instantly when sending money through WorldRemit. And this is a huge advantage when you have an emergency back at home.
Remitly is an incredible pick too when sending money to Africa. It serves roughly over 3 million clients all over the world, with a huge chunk of them being Nigerians sending money back to their home country. Thus, you can conclude that Remitly is trusted by a huge number of people.
Its credibility even shows in the kind of ratings it receives online from current customers. Their security is top-notch and offers a potent shield against hackers and online fraudsters. The kind of user interface it has is also meant for everyone, including those who aren’t tech-savvy.
Remitly has competitive fees and exchange rates that will motivate you to choose their services. Besides, their transfers reach the recipient in just under 24 hours for most transactions.
Nigeria’s population is the highest in Africa. With a huge chunk of its people abroad, it only makes sense for the presence of a decent money transfer app in the country. Afriex is a great option when sending money to Africa, including to Nigeria.