Before now, sending money across countries used to be a serious problem. However, it is now easier to transfer money electronically from your account to another bank account, even to accounts across your country.
Are you looking for the best way to send money from India to Nigeria or vice versa? If yes, there are lots of payment methods for you to pick from. With a variety of options, you need to pick the right one with low fees and good service. In this article, you will get to know the best ways to transfer or send money from India to Nigeria
How To Send/Transfer Money From India To Nigeria
The following are some of the payment methods you can use to send funds to Nigeria from India:
1. Western Union
Western Union is a popular fund transfer service that has a presence in various countries of the world. This financial service provider makes it easier for individuals to make international payments with ease. That is why Western Union remains a top choice for wire transfers.
Whether you are sending from Nigeria to India or vice versa, Western Union is there for you. You can transfer funds of up to $10,000 for educational purposes or $5000 for personal use. All you need to do is to create a Western Union account on their website, then wait for your account to be approved. After approval, you will be required to provide your banking details and other information.
You can pay using your debit/credit card to make payment directly from your account to the account of the recipient in Nigeria.
Apart from Western Union, MoneyGram is another option for you to send funds to India to Nigeria. There are lots of MoneyGram offices in India, find an agent closest to you. Take along with you a document of identification (passport, ID, etc) and the funds.
You’ll fill a transfer form, enter your details with your details alongside the recipient name and the amount of money you want to send. Upon completion, you will be given a reference code (tracking number) which you will give to your recipient. Your recipient will go to any MoneyGram office in Nigeria to pick up the cash. Most importantly, your recipient should go with the reference number and an identification document for security purposes.
There are numerous ways you can use to send money across countries from India. Apart from the service providers in this article, you can use TransferWise or Paytm. You can use both platforms online using your smartphone or internet-connected device without leaving the comfort of your home.
Making international financial transactions using the State Bank of India would have been a great option because it offers fund transfer services to various countries. However, sending using online financial service providers would be a better option.
Lastly, you have to be security-conscious and cautious about sending money to Nigeria. A lot of banks and international platforms have placed Nigeria on a red flag due to the email scams and fraud circulating from the region.