Before now, sending money to Nigeria from abroad has always been hard labour, because of the excessive fees, unfriendly rates, and insane delays. Imagine having to send school fees to your sibling in Nigeria when they’ve got one more day to deadline. That would just end up as a sad story.
But gladly enough, fintech solutions have risen to the challenge to provide easy means to send money to Nigeria from the UK. What are these solutions and how can you use them?
Listed below are the 4 of the best ways to send money from the United Kingdom (UK) to Nigeria
Kyshi Co
Worldremit
Payday
Send by Flutterwave
1. Kyshi Co
With Kyshi, you can send Naira from the UK to your loved ones in Nigeria at your preferred rate and at 1% fee using Swap. Also, you can send USD to your Nigerian domiciliary account using Kyshi Express at the best rates ever.
Sending Money from the UK To Nigeria with Swap on Kyshi
Follow these steps to send money from the UK to Nigeria with Kyshi:
Step 1
The first step to sending money on Kyshi is to sign up and activate a wallet on the Kyshi app. See how here.
Step 2
After activating your wallet, log into the app and choose your send (GBP) and receive currency (NGN) on the home screen. Also, choose your preferred exchange rate, enter your send amount, and click “Continue to Create offer.”
Step 3
At this stage, you can either accept a match from the marketplace or create an offer at a rate you chose.
How to create an offer:
After inputting your transaction amount, click “Create offer anyway” and enter your beneficiary details.
Confirm your transaction for it to go to the marketplace to be accepted by one of our several thousand users.
Step 4
As an alternative to step 3, you can;
Log into the app and swipe up on the home screen to see the current hot offers
Accept an offer that suits you and complete the transaction
Or, you can
Click on “Offers” (at the bottom of the home screen)
Use the filter button (at the top-right corner of your screen) to select the kind of offer you want.
Accept an offer that suits you and complete the transaction
Sending USD From The UK To Nigeria With Express on Kyshi
Follow these steps to send USD from the UK to Nigeria with Kyshi:
Step 1
After creating your Kyshi account, log into the app and select GBP as your sending currency and Nigeria (USD) as your receiving currency.
Step 2
Select “Continue to transfer,” provide your beneficiary’s details, and complete the transaction.
2. WorldRemit
WorldRemit is a digital money transfer company that allows you to send money internationally, primarily to friends and family in different countries. You can use WorldRemit to send money to your loved ones through their bank account, mobile wallet, or cash pickup at a local agent.
Just like Kyshi, WorldRemit allows you to send Naira from the UK to your Nigerian local bank and USD to your Nigerian domiciliary account. Click here to see how WorldRemit works and how you can send money to Nigeria from the United Kingdom.
3. Payday
Payday is a cross-border payment solution that allows you to exchange up to 20 currencies, between Africa and the world. As a Nigerian, you can receive payments in foreign currencies including GBP, EUR, and USD.
Payday allows you to send Naira from the United Kingdom to Nigeria at low fees and competitive rates using the “Send money” feature. Click here to see more information on sending money to Nigeria from the UK.
4. Send by Flutterwave
Send by Flutterwave is a fintech company in Nigeria that provides a digital payment platform for businesses and individuals. As a subsidiary of Flutterwave, Send offers a range of payment solutions, including local and international transfers, bill payments, and mobile money transfers. Send is user-friendly, secure, and reliable.
With Send, you can comfortably send money from the UK to Nigeria at amazing rates. See more details on sending money back home with Send here.
Conclusion
Sending money from the UK to Nigeria has become easier with improved cross-border remittance services laced with speed and low costs.
Aside from sending money home at your rate with Kyshi, you can purchase health plans, data, and other value added products and receive up to 3% cashback on every purchase.