To send money to Nigeria, request a telegraphic transfer or direct debit from your bank or sign up for a free account with one of the money transfer companies on this page. Banks provide the INR to NGN exchange rate when you request an international payment from online banking.
How can I transfer money from India to Nigeria?
How to send money to Nigeria in 3 easy steps
- Start your transfer. Pay in INR with your debit card or credit card, or send the money from your online banking.
- Get the best rate out there. Wise always gives you the real and fair mid-market exchange rate.
- Money is locally delivered.
Which app can I use to send money from India to Nigeria?
Paytm is one of the most popular methods of sending money from India to Nigeria. Paytm is India’s largest mobile payments platform and is a must-have tool on your smartphone. You can use Paytm to transfer funds from India to Nigeria.
How can I receive money from India?
Different Modes of Receiving Money in India
- Direct Deposit in the Bank Account. The most convenient way for a person to receive money is direct deposit to the recipient’s bank account. …
- Cash. The money can also be received in cash by the recipient. …
- Bank Check/Demand Draft. …
- Money Order.
How do you send money from India to Nigeria through Paytm?
Once you’ve logged into Paytm, register an account and add money to your wallet. When your account has been verified, you can receive and send money to anyone in the countries included in Paytm’s services. To send money, tap Passbook, then Send Money to Bank.
What is the best way to send money to Nigeria?
If you want to send money to a bank account in Nigeria, we recommend using a specialist currency provider. If you’re transferring under $300 or equivalent, your best options include WorldRemit, TransferWise, Xoom or MoneyGram.
Which is the best app for money transfer?
Western Union has long been the go-to company for sending money around the world. Today, the Western Union app makes it even more convenient. Available for Android, iPad, and iPhone devices, as well as on the web, the app lets you send money to more than 200 countries.
Is Western Union banned in Nigeria?
On Aug. 2, Nigeria’s Central Bank issued a new directive (pdf) limiting the operations of money transfer operators (MTO) in the country. … As a result, only three MTOs—Western Union, MoneyGram and Ria—were left free to operate in the country.
Is it illegal to send money to Nigeria?
Yes. Following November 2020 decision by the central bank, money transfer operators sending money into Nigeria were heavily restricted and only permitted to issue remittances to the country in US dollars. Since then, only a small number of operators are authorised to handle transfers to Nigeria.
Can WorldRemit send to Nigeria?
In more than 90% of cases, transfers sent to Nigeria using WorldRemit are ready in minutes. This means that funds have been sent to our local partner and are ready for collection by your recipient, or to be credited into their bank account or mobile wallet.
How much money can I transfer from India?
How Much Money can One Send from India to USA? Under the Liberalised Remittance Scheme (LRS), all resident individuals, including minors, are allowed to freely remit up to USD 250,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.
How can I receive money abroad from India?
The only legal way to receive money in India (for personal transactions) would be by way of “Wire Transfer” via bank account. The sender abroad must initiate an international “Wire Transfer” from their bank account to your bank account in India.
How can I receive money abroad?
You can receive money from overseas directly into your bank account, using an international money transfer service. You’ll need to provide your bank details so the sender can set up an online account with the international money transfer provider and exchange the money into your desired currency.
Can a Nigerian open a Paytm account?
Yes, for now, their services only serve for Indians or if you are a Nigeria living in I n dian then you can also use the Paytm Mobile service.
Does PayPal work in Nigeria?
Established in 1998 as Confinity, PayPal is the leading global payment system and is now available to residents of Nigeria. It is available in over 200 countries and territories around the world in 23 currencies.
Does Western Union work in Nigeria?
Visit a Western Union agent location
With over 4,500 locations 2 in Nigeria, it’s easy to find one nearby.