All Things Fintech in Africa

4 Best Ways To Send Money From Uk To Nigeria In 2022

Ways To Send Money From Uk To Nigeria – The days of sending money to Nigeria from the UK through credit unions like Western Union are long gone.

If you’re looking for a way to send money to Nigeria from the UK, it’s never been easier thanks to the fintech revolution and cryptocurrency adoption. However, this is not the case in Nigeria.

Money transfers to Nigeria are currently difficult due to the CBN’s strict money transfer regulations, which are based on non-compliance with anti-money laundering rules.

This guide will show you how to send money to Nigeria from the UK using reputable websites.

Best Ways To Send Money From Uk To Nigeria

Ways To Send Money From Uk To Nigeria

WorldRemit

WorldRemit is one of the best platforms people in different countries use to send money to Nigeria from UK. With Worldremit you can send money to Nigeria as cash pickup or as a bank transfer and as an airtime popup. However, you can only send a bank transfer to Dollar accounts (domiciliary accounts) in Nigeria.

The banks in Nigeria you can send money to are: Fidelity, FCMB, FirstBank, Access Bank, Diamond Bank and Ecobank. While the mobile money wallets you can send money to in Nigeria with WorldRemit are Opay and PagaTech.

The maximum amount of money you can send to Nigeria with WorldRemit is around ₦7,000,000 per transfer and per day for bank transfers.

RIA Money Transfer

RIA Money Transfer is one of the biggest money transfer services in the world. It is available in 314,000 locations around 144 countries worldwide. Other than its money transfer service, RIA Money Transfer also offers bill payments, debit card services, money orders and tracking.

RIA money transfer has partnered with Nigerian banks like Diamond Bank, First Bank, Skye Bank and Ecobank to make sending money from other countries to Nigeria easy.

RIA Money Transfer charges are clear and there are no hidden charges; If you want to send money with RIA, you’ll need to register for a RIA account by visiting RIA online. 

The person collecting the money needs to prove their identity via a Nigerian national identity card, driver`s license or international passport. And also provide the pin given by the sender. And also state the amount of money the sender sent.

Azimo

Azimo is one of the fastest and cheapest ways to send money to Nigeria from UK. With Azimo you can send money to Nigeria from UK via cash pick up and to Dollar (USD) and Pounds(GBP) accounts in Nigeria via SWIFT.

When sending money to Nigeria from UK with Azimo, your recipient will receive an email with pick-up instructions when the transfer is ready for collection. An OTP SMS will be sent to the recipient number provided. Without it, your recipient will not be able to collect their cash at the pick-up location.

When sending money with Azimo the payment methods are Debit or credit card, Bank transfer via online banking.

Moneygram

Moneygram is one of the oldest and most reliable ways to send money to Nigeria from UK. MoneyGram has over 350,000 agent locations around the world and partners with 400 banks around the world.

Moneygram is referred to as the second-largest global  Money Transfer service so you can be sure that if you send money to Nigeria with MoneyGram, your money will definitely reach its intended destination. 

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