Remittance & Money Transfer Guide for International Students

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Remittance & Money Transfer Guide for International Students

Written by Ernest EmekaPublished on July 17th, 2021

Are you thinking of sending or receiving money abroad from Africa? As an international student, you have different options of receiving or sending money abroad. The challenge lies in getting the perfect payment company for you.  We have made it easier for you to pick the right service that can help you with your money remittance and transfer.

Pay4Me

Whether you are in Nigeria, Ghana, Liberia, or South Africa, it does not matter when it comes to using Pay4me for your payment service. The borderless payment solution is an app that provides a secure and easy payment option to people in different parts of the world, especially Africans. ,

 Pay4Me offers students free and paid transaction options to help them with a seamless payment option.  Most financial transactions are completed within 30 minutes of initiation.  You can receive or send money worldwide with Pay4Me. You pay your tuition fees, admission fees, WES, and other travel-related fees for students. 

Western Union

Western Union is a global money transfer service that handles 20% of all remittance transactions. The process is secure and easy to use. While Pay4Me allows you to conduct your business from the comfort of your home, Western Union requires your presence in some designated local banks.

MoneyGram

 Just like Western Union, MoneyGram makes use of a web-based application that offers a high-performance money solution to Africans. However, the service offers a maximum send limit of 1000USD naira equivalent per customer every quarter. You have to visit a designated local bank to be able to make use of this payment option.

Ria Money Transfer

RIA Money Transfer is a trusted international money transfer firm that most international students use. It has networks in most countries of the world. You can receive or send money from anywhere in Africa. It works like the other mentioned money companies that allow African students to either send or receive money.

World Remit

World Remit is designed as an online international money transfer service that does not require your physical presence in the bank before conducting business with its service. The initial transaction is subject to a maximum of USD 2,000, while the maximum limit per transaction is USD 7,500. However, your total money dealings must not exceed USD 50,000 every 6 months. 

Africash

 

Africash is another payment solution you can use for your intra and inter-country money transfer across Africa.  The solution comes as fast and secure to allow you to make your transaction from your local designated banks. 

Are you considering switching to a fast and easy-to-use payment solution without leaving your home? You can think of Pay4Me, which has numerous payment supports for you. You can make payment for your tuition, admission, WES, and other fees.  For students on a budget, the free payment option can help them save money when transferring money to their schools.

Why do you have to pay for more, when you can pay for less with Pay4Me? Whether you want to pay for SEVIS or WES, Pay4Me does it seamlessly for you. ? To get started, click here to download the app.  

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Pay4Me, Inc. is registered with FinCEN in the United States as a Money Services Business with MSB Registration Number: 31000231163752. Pay4Me, Inc. holds a pre-approved Money Services Business (MSB) registration with FINTRAC in Canada. Pay4Me also maintains a Special Control Unit against Money Laundering (SCUML) registration with the Economic Financial Crime Commission (EFCC) in Nigeria.

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