There are several apps that can be used to send money from Nigeria to overseas. Although, some of this apps have outrageous interest rate. Also, they may also come with fees that are not friendly. Thankfully, this article has been carefully designed to discuss the best apps in Nigeria to transfer dollars. Stay tuned!
Benefits of Apps Offering International Transactions in Nigeria
The following subheads discuss benefits in carrying out international transaction in Nigeria.
Convenience
Fintech apps that enable international transactions bring convenience to your fingertips. Instead of going through traditional banking channels, this apps makes it seem less to perform transactions at the comfort of your homes.
These apps perform transactions ranging from paying for goods and services, sending money to family members abroad, or receiving payments from clients overseas, the convenience offered by these apps makes the process very easy
Cost-Effectiveness
Traditional international money transfer methods usually come with high fees and unfavorable exchange rates. As a result, it would reduce the amount of money being transferred. Fintech apps offer relatively low transaction fees and more competitive exchange rates, resulting in cost savings for users.
Additionally, these apps provides users with real-time information on fees, exchange rates, and transaction status.
Speed
When it comes to speed, these apps are one to trust. Fintech apps are excellent n terms of speed and efficiency. This inturn, allows users to send and receive money across borders within minutes or hours, rather than days.
Global Reach
Apps offering international transactions gives you the opportunity to participate in the global market with ease. These platforms support transactions in multiple currencies and cater to a wide range of countries and regions, allowing users to send money to virtually any destination worldwide.
If you are conducting business with partners in Europe, freelancing for clients in North America, or supporting family members in Asia, these apps provide the global reach needed. They have features such as multicurrency wallets, currency conversion, and cross-border payments, further enhancing their utility and versatility.
Apps Available In Nigeria To Send Dollars
These section of the article discusses several apps available to send money abroad
Wise (formerly TransferWise):
With its peer-to-peer system, Wise ensures that your hard-earned dollars reach their destination swiftly and securely. Wise has low fees and real exchange rates that makes it a favorite among many Nigerians looking to transfer funds abroad. Also, Wise offers a user-friendly interface, which allows you to track your transfers every step of the way.
PayPal
PayPal is one of the famous mediums in transferring money abroad. Regardless of the job you are offering, PayPal provides a reliable platform for international transactions. PayPal has robust security measure that prevent unauthorized third party. It’s ease of use make it a trusted partner for many Nigerians navigating the global marketplace.
Remitly
Remitly is one of the apps that caters to the diverse needs of Nigerians seeking to transfer dollars with speed. Its express option allows for instant transfers, ensuring that urgent financial matters are addressed promptly.
Moreover, Remitly’s competitive exchange rates make it an attractive option for those looking to increase their remittance value. With Remitly, sending dollars becomes not just a transaction, but a seamless experience that prioritizes your financial well-being.
Xoom
Xoom’s fast and secure transfers, coupled with competitive exchange rates, make it a go-to choice for Nigerians looking to send dollars overseas. The app boast of features like bank deposits, cash pickups, and mobile reloads, Xoom offers versatility to meet your specific transfer requirements.
FAQ
How can I send dollars from Nigeria?
You can send dollars from Nigeria using various international money transfer apps such as Wise, PayPal, Remitly, WorldRemit, and Xoom.
Which app has the lowest fees for sending dollars from Nigeria?
Wise (formerly TransferWise) is known for its low fees and transparent pricing, making it a popular choice among Nigerians.
Are international money transfer apps safe to use in Nigeria?
Yes, international money transfer apps prioritize security and employ advanced encryption methods to safeguard your financial information and transactions.
How long does it take to send dollars internationally from Nigeria?
The duration of international money transfers varies depending on the app and the chosen transfer method. Some apps offer instant transfers, while others may take a few business days to process.
Can I send dollars to Nigeria using these apps?
Yes, most international money transfer apps listed in this guide allow you to send dollars to Nigeria, providing a convenient way to receive funds from abroad.
Conclusion
There are many options to use while sending money abroad. When sending money abroad, you need to he conversant of the interest rate and terns of service. This is essential so that you do not get surprised if part of your money is deducted. Thanks for reading.