5 Low Fee Apps to Receive International Payments in Nigeria
Imagine receiving an emergency fund in minutes from abroad without leaving your house. Everyone wants a soft life, thanks to technology that has made it easier to use the internet to solve most human problems.
Isaiah Lukeman met his grandma unconscious after a long day at the office. The last money in his account was used to stock the house with groceries. With nowhere to raise funds to take his grandma to the hospital, he called a friend from the USA for help.
Isaiah deposited the money in his app account in a few minutes, saving the situation. Millions of Nigerians have friends and loved ones who send money home from abroad. Often, most recipients spend time at traditional banks to pick up their cash.
Do you want an app that offers you low fee charges? We have highlighted five low-fee apps that make receiving money abroad easy and fun.
Remitly
Remitly is among the affordable platforms for people who want international money transfer services. The financial technology company boasts low fees and competitive exchange rates. The app offers its users a tracking tool to help them monitor the status of their money.
Pay4Me App
Pay4Me App, a cross-border payment app for migrants and international students, has allowed Nigerians to receive funds from their loved ones abroad. With features like Swap, USD/CAD/EUR wallet, and Rewards, sending and receiving money abroad has become more rewarding and seamless.
Read: Pay4Me: The Alternative to Flywire in Nigeria for International Students
WorldRemit
WorldRemit is a famous money transfer company that has branches in many countries worldwide. If you want a convenient way to receive your money abroad, WorldRemit offers you an opportunity. You will need to visit a bank to pick up your money.
Wise
Wise (formerly Transferwise) offers Nigerians online money transfer and foreign exchange services. With the app, you can send and receive money from branches in different countries. You can receive your funds in any verified Nigerian bank account.
Payoneer
Payoneer has helped many Nigerian freelancers receive funds from writing platforms like Upwork, Fiverr, or Amazon affiliate programs. Receiving your funds from the app can take at least two to three days.
How Pay4Me App Can Help
With the Pay4Me App, you don't have to work to receive money from loved ones abroad. It begins with a first step:
Read: Revolutionizing Festive Period Transactions with Pay4Me App
Go to the Play Store or App Store, download the Pay4Me App, and complete your registration. You enjoy a low fee charge whenever you receive money. Additionally, you can use the following features to save your funds.
1. USD/CAD/EUR Wallet - This feature enables users to have multiple currency wallets, so instead of just NGN as their wallet currency, they would have USD/CAD/EUR Wallets
2. Swap - This feature goes with the multiple currency wallet feature; users can swap their money between available currencies. For instance, you can swap the NGN in your naira wallet to USD for USD wallet.
If you want to make payments, you use:
1. Bill Pay - This feature enables users to pay billers directly; it is like our normal pay-a-school payment service, but instead of seeing schools, users would see bills they can pay for, e.g., Aliexpress.
2. Test & Exams – You can pay for global tests and fees like Duolingo, IELTS, etc.
Do you want to make money transfers?
1. International Bank Transfer - This allows users to transfer internationally to other countries.
2. Mobile Money Transfer - This type of transfer is for mobile money accounts, e.g., MoMo, instead of traditional banks.
3. Cashback for non-NGN/ USD currencies - Users can withdraw from other currencies that are not naira.
What are you waiting for? All you need to do is download the app, set up your account, and start immediately.