International bank transfer is a secure way to transfer money. When sending money to a bank account in a country in Africa, this used be a slow process and rather expensive. Thanks to new players such as World Remit and Transferwise this process is a lot faster and cheaper these days.
In order to make an international bank transfer there are often many details needed. It starts with the name of the bank, the account number and the account holder. Details such as swift code are also needed, but are added automatically by specialized services.
Below are reviews of international money transfer services that allow you to send money to your beneficiary’s bank account.
Following the new policy by the Central Bank of Nigeria (CBN) that all money transfers to Nigeria to be paid in US dollars, your friends, family members or business partners may need to open domiciliary accounts to receive US dollars. Without a domiciliary account, they may not be able to receive the funds you send …
Majority is a membership-based challenger bank for immigrants in the United States that offers free money transfer to Nigeria from the US. MAJORITY is the first-ever financial membership built by migrants, for migrants. After signing up, you get an FDIC-insured account with no overdraft fees, a Visa® Debit Card, fee-free money transfers, free and low-cost …
Small World and Ecobank have entered into a partnership to provide fast, convenient and affordable remittance services to Africans in the diaspora. Small World is a global money transfer service that allows Africans in the diaspora to make fast and low-cost transfers to individuals and businesses in over 40 African countries from Europe, Brazil and …
NALA is a startup that facilitates affordable money transfers from the United Kingdom to Kenya. The company plans to expand to Tanzania and Uganda. We’re currently operating with a private beta group of users who are sending funds from the UK to Kenya. We’ll be opening new sending and receiving markets very soon. https://youtu.be/xyQoRDqFFocVideo can’t …
Flux is a crypto-based remittane app that allows individuals and businesses to send and receive money from anywhere in the world using bitcoin, ethereum, and USDT instantly into Nigeria. Ghana, Kenya, South Africa and Egypt will soon be supported. Flux was founded in September 2019 by Nigeria software company, Blueloop. It has received funding from …
There are thousands of Nigerians who live and work in Italy. They regularly send money to their loved ones back in Nigeria to support their education, medical care, housing, and other basic needs. It is obvious that they are always looking for best ways to send money from Italy to Nigeria. Best methods to send …
Ecobank in Nigeria has launched a new money transfer service by email, SMS and WhatsApp via Ecobank app. This opportunity could not have come at a better time when many people are self-isolating and keeping social distance due to the COVID-19. We have the responsibility as a bank to continue to innovate for the benefits …
Tranglo, a global money transfer service, has entered the Sub Saharan Africa market. It has launched services in 3 new money transfer corridors in Nigeria, Ghana, and Uganda. Tranglo supports international remittance, airtime top-ups, and business payments. Founded in 2008 in Malaysia, Tranglo makes international transfers faster, cheaper and secure. Transfers to the three countries …
BOSS Revolution is an American money transfer company that allows users to send money and airtime top up from the United States to over 20 African countries. The service was founded in 2013 and it is run under IDT Payment Services. https://www.youtube.com/watch?v=RXE0FuWep80Video can’t be loaded because JavaScript is disabled: BOSS Revolution Money Transfer to Africa …
MoneyGram is one of the oldest and leading global money transfer services. It is also one of the most popular money transfer services to African countries. The company has a vast network of local agents in almost all African countries. It is the second largest money transfer company in the world after Western Union. How …
Moneytrans is a Belgian international money transfer company that supports money transfer service to over 20 countries in Africa. The company has been in the money transfer industry since 2002. Its digital money transfer service, iMoneytrans, was launched in 2016. How Moneytrans Works To sign up for Moneytrans services, you have the option of using …
Instant Cash Money Transfer (Instant Cash) is a global money transfer service headquartered in the United Arab Emirates. The service allows you to send money conveniently and fast to select African countries. At INSTANT CASH, we stand behind our services so when we feature Instant Transfers, that’s exactly what our customers get: speedy transactions. From …
ACE Money Transfer is an international money transfer and cross-border payments service provider supporting 8 African countries. The Manchester-based company allows you to make your first transfer to supported countries fee-free. How ACE Works You can create your account on ACE website or via ACE apps on Google Play Store and Apple Store. Documents accepted …
The British money transfer service Taptap Send has launched its services to Kenya. Kenyans in Europe can now send money for free to M-Pesa mobile wallets and bank accounts in Kenya. Taptap Send earns a small amount on the difference in the exchange rate we receive from partners and the exchange rate customers receive on …
Afriex is a a new fintech providing free crypto-powered remittance services to send money to your loved ones in Africa. To make instant global payments we use a new technology called Stablecoins. A Stablecoin is crypto currency backed by a national currency. Afriex uses USD Coin also know as (USDC) which is 100% backed by …