A lot of overseas Nigerians send money to Nigeria every day. Before the advent of the internet, sending money to developing countries, especially in Africa, was very hard. To get the money, the receiver had to wait for a long time to get the sender’s money.
Through brick-and-mortar banks, people had to go and send money by filling forms and waiting in line. Due to the lack of information available, some people always avoided sending money online due to the false knowledge that money can be lost during processing in the digital medium. This is far from the truth, it is the opposite, you can’t lose money online, and it can’t be compromised unlike holding it physically in a bag or your pockets.
Is Online Money Transfer Effortless, and Secure?
But, because of advancements in technology, and many money transfer methods being created, executing money transfer to Nigeria has become relatively easy. No reason to wait in long queues or even visit remittance agencies that charge a high fee for money transactions. To operate and execute money transaction online, all one needs are a mobile device coupled with a safe and secure internet connection. Instead of waiting for days for the money to be received, the receiver will get the amount in minutes or even seconds.
How To Send Money Online?
Sending money online isn’t hard, like all things online, it is easily understandable. It can be efficiently done with just a few tries. One can quickly get accustomed to this service and use it with ease.
How to Choose A Method Of Online Money Transfer?
There are two methods of online money transfer that are easily accessible. The first one is through banks, and the second one is through online money transaction services. Through banks, one can transfer money by getting their account biometrically verified. Once the verification process is complete, they have to download their bank’s mobile application to get started on online money transference.
The second way is through an online money transfer service. This method is always available regardless of any verification, instead of bank staff processing transactions, the service processes. On top of that, the transaction has no additional fees like online banking. It is fast and safe, with state-of-the-art online security protocols.
How to Use An Online Money Transfer System?
After downloading the online money transfer app, sign up with your email, and get your account biometrically verified at your closest franchise. If you are on the online money transaction site and do not have an account there, just sign up.
How to Enter the Required Information?
Once the registration is done, you have to enter the receiver’s required information to send them money through your mobile bank account application. The same is the case with an online money transfer service. You just have to add your banking credentials, the receiver’s banking credentials.
What Are the Charges And Exchange Rates?
Enter the amount you wish to send if you want to send money abroad, check the exchange rates first, banks do not provide better exchange rates than online money transfer service.
The last step is to accept all the conditions after carefully reading them and send your amount. The money will be sent in a matter of minutes or even seconds. By doing this, you will be able to send money to Nigeria online easily.