How Pay4Me App is Reshaping Study Abroad Payments in Nigeria

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How Pay4Me App is Reshaping Study Abroad Payments in Nigeria

Written by Ernest EmekaPublished on May 19th, 2022

Studying abroad can be a life-changing and enriching experience, but it does not come cheap. With the rising exchange rate against the local currency, many families find it difficult to make payments in dollars. However, with payment platforms like Pay4Me App, Nigerians seeking an easier means of transferring funds abroad use such platforms.

In any case, sending money abroad from Nigeria significantly influences students' plans to relocate overseas.

 

Pay4Me App, a relatively new payment platform in Africa, has gradually become a significant player in the financial industry, especially for international students. The platform is reshaping the way people make payments abroad in the following ways:

Cheaper, Faster, & Easier

A primary problem most traditional financial institutions have is delays in international transactions. However, students who don't want to wait endlessly for their transactions abroad to drop at their specific destinations prefer platforms like the Pay4Me App. The app was built to create a better system for sending fees abroad.

Are you short on time? You don't have to panic if you want to send money immediately to any part of the world. From the comfort of your home, you can complete international transactions worth millions. 

Funds can be transferred in minutes instead of traditional financial institutions, and some international clearing institutions, where the manual process can take hours and at high volumes can take days to complete.

 Lower Costs & Greater Transparency

Pay4Me App is disrupting conventional methods of sending international fee transfers through banks. A priceless value that the platform offers students is transparency in their dealings. You don't have to worry about delays or unnecessary paperwork that can take your time.

Who wouldn’t want to spend less on exchange rates? You don’t have to struggle to beat the black market exchange rates when you have Pay4Me to enjoy competitive rates. Aside from its greater transparency and lower costs, you experience more efficient and accurate processing of overseas transfers for institutions. With time, the platform aims at reducing the costs of sending money abroad.

Simplified Procedures & Strong Security

With the Pay4Me App, parents and students explore cross-border transfers through simplified procedures on the platform. The strong security attached to the platform makes it ideal for sending money without fear of losing it. Since it has removed the traditional operational challenges, you can safely make domestic or cross-border payments.

A Growing User/Student Data Pool

Pay4Me App manages a huge transactional volume due to the growing number of users on the platform. As a result, you don't waste time during the verification process, and the simplified interface makes it easier to navigate. In addition, the platform has no room for mistakes.

Reduce risk and processing time

Whether you want to pay for your tuition fees, fees related to administrative requirements, government fees, or travel-related fees, you have an ease of making your transactions. In addition, you can verify funds to your institution within the shortest time, making the Pay4Me App more appealing to most students.

Why Do You Need the Pay4Me App?

·         Pay in the currency of your choice

·         Enjoy multiple payment options.

·         No hidden charges

·         You can pay from anywhere

·         Anyone can pay for you.

·         Your funds arrive at your institution quickly and in full.

·         Track the status of your payment online

Finally, Pay4Me offers convenience and greater flexibility in making payments. Additionally, it provides greater security and integrity in managing payments and financial information.

 

Download the Pay4Me App

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Preview of the Pay4Me App interface showing key features
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Study abroad loan services in Nigeria are offered in compliance with applicable state money lending regulations, under a valid State Money Lenders License, through our wholly owned subsidiary, Monivest Technologies Limited. Our in-house loan products and other study abroad loan products are facilitated through partnerships with licensed banks, fintechs, and financial technology companies, ensuring secure, accessible, and reliable lending solutions.

Savings and investment services in Nigeria are provided through our wholly owned subsidiary, Monivest Cooperative Multipurpose Society Limited, which is duly licensed and registered under the cooperative society laws of Lagos State, with registration number 19619. This entity operates in full compliance with Nigerian cooperative regulations, offering safe and legally regulated opportunities.

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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