Mobile Money Transfer Overview –  How Money Transfer through Mobile Apps Excel International Money Transfers?

The best money transfer apps make it easy to send money to Nigeria for friends and family, as well as pay for products and services, all from your smartphone or other mobile devices. Since banks were slow to accept the internet, several third parties could build tools to make money transfers between people painless and straightforward. Even though banks have made online money transfers simpler, even via applications, international payments remain challenging to drive without a third-party money transfer provider’s assistance.

Mobile money encompasses a wide range of transactional services that can be accessed via a mobile device. Do you need a money transfer to Nigeria for a relative from the UK or your country of residence? You are free to use your cell. You want to buy a cup of coffee, but your wallet is at home? You can now pay for it with your phone. Do you want to know how much money is in your bank account? Most companies have a smartphone app that you can download and use to conduct online payments.

What Is the Proportion of Mobile Money Transfer Service User and Bank Transfer in The UK?

Since the autumn of 2008, mobile phone banking has expanded dramatically. According to Future Foundation report, the number of UK users who bank via mobile phone has risen from 4.3 per cent in 2008 to 9% in 2010. This form of banking has also seen a rapid rise in 2011. Mobile payment/transactional systems have been implemented by banks, credit card providers, mobile network operators, and online payment sites such as ACE Money Transfer and even Google. According to a new survey, mobile banking will overtake high street branches and other internet banking forms in the UK by 2021. Almost a hundred per cent of the UK expatriates use mobile money transfer service for sending money to Nigeria online.

Time Is Always Important – Are You Always On the Go?

We live in a fast-paced world where time is such a precious commodity, which is one reason mobile has become so “smart.” Are you always on the leap? It’s a good thing you now have access to your finances. Paying bills, shopping, online money transfer to Nigeria and worldwide, and checking your bank account can all be done from your phone, no matter where you are, saving you time and energy. Money should be as “mobile” as you are.