You are in Nigeria and you plan to send money to your family and friends in Kenya, you may be confused about which payment processor to use. You may spend more than you should or even fall into the hands of scammers and fake money transfer agents.
There are various ways that you can use to send money from Nigeria to Kenya. But which methods are the most reliable? A lot of people consider using their banks for local and international money transfers. It is perceived that it is cheaper and more convenient to send money to a person who has an account with your bank. For instance, the United Bank of Africa (UBA) is a multinational bank, so you can send money from Nigeria to someone in Kenya who also has a UBA bank account.
Sending money from Nigeria to Kenya isn’t difficult, and it isn’t expensive. We have provided you with the best payment service providers to send money from Nigeria to Kenya.
How To Send Money From Nigeria To Kenya
Although you can use your local bank to send money to Kenya, your bank is a trusted option. But you can also make use of an electronic funds transfer service to do it. Below are some of the online funds’ transfer companies you can use for sending money to Kenya from Nigeria:
1. Western Union
Western Union is one of the commonest and frequently used payment processors in Nigeria. Western Union has dominated the financial sector for decades. You can send money via Western Union agents or online through their app. They provide you with the option of transferring money from your bank account and your credit/debit card.
MoneyGram provides various methods of sending money to Kenya. You can send money directly to the recipient’s account or transfer money via Moneygram agents so the recipient can pick up the cash at the agent location
TransferWise is a London-based payment solutions company founded in 2011 by Kristo Käärmann and Taavet Hinrikus. TransferWise claims to use the exchange rate provided by Reuters, the low transaction fees help you save money.
You can use your debit or credit card information to send money, then enter the location and payment details of the recipient.
Skill, formerly known as Moneybookers allows you to send money to anyone in Kenya. Some of the awesome features of Skill include bank account alerts & notifications, free setup, and, low transaction fees.
Skrill makes it possible for you to make payment to any M-Pesa account holder in Kenya. Also, the recipient doesn’t have to be pre-registered to the M-Pesa platform to get the payment. The recipient can receive the money in his or her Skrill account and convert it to the Kenyan shilling.
Payoneer is a great platform for you to send money from Nigeria to Kenya or anywhere in the world. Payoneer is a great alternative to Paypal because Paypal disallows cash withdrawal from African countries. But Payoneer provides you with a MasterCard and a US bank account.