How To Send Money From Nigeria To Kenya

Introduction.

Sending money across borders used to be complicated and expensive, but things have changed for the better.

Now, whether you’re supporting family, paying business partners, or just helping a friend, transferring money from Nigeria to Kenya is easier and faster than ever.

This guide will walk you through the best options available, what you need to know, and how to avoid common pitfalls.

Let’s break it all down so you can make the right choice.

Why is this Important?

Cross-border payments are a lifeline for many people. In Africa, remittances are a significant source of income for families and small businesses.

According to the World Bank, remittance flows to sub-Saharan Africa reached $53 billion in 2022, and the numbers are growing.

Nigeria and Kenya are among the top players in this space, with Nigeria being a leading sender and Kenya a major receiver.

However, fees can be high, and delays are common if you don’t choose the right service. Knowing the best way to send money can save you time, stress, and money.

The Best Ways to Send Money from Nigeria to Kenya

Bank Transfers

Many banks in Nigeria allow international transfers, but not all support direct transfers to Kenyan banks.

You’ll need to confirm with your bank if they can facilitate this and check their fees. Banks are secure, but they tend to charge higher fees and take longer to process transactions.

Mobile Money Services

Mobile money has revolutionized how people send and receive money in Africa. Services like M-Pesa in Kenya make it easy for recipients to get cash directly on their phones.

To send from Nigeria, you can use apps or third-party platforms that connect directly to mobile wallets in Kenya.

Recommended Platforms:

Chipper Cash: A free app that supports direct transfers between Nigeria and Kenya with competitive exchange rates.
Sendwave: Offers fee-free transfers with fast delivery to mobile wallets.

Online Money Transfer Services

These platforms are popular because they’re convenient and often cheaper than banks.

WorldRemit: Reliable and allows transfers directly to Kenyan mobile wallets or bank accounts.
Remitly: Offers first-time users special rates and delivers funds quickly.
Wise (formerly TransferWise): Known for its transparent fees and excellent exchange rates.

Cryptocurrency

Cryptocurrencies like Bitcoin can also be an option, especially for tech-savvy users. Platforms like Binance and Paxful allow you to send funds directly.

However, this method requires both the sender and recipient to be comfortable with crypto wallets and market fluctuations.

Western Union and MoneyGram

These are traditional options that are still widely used. They allow cash pickups in Kenya, but fees can be higher compared to online services.

What You Need to Get Started

To send money, you’ll typically need:

Your ID: A government-issued identification card or passport.
Recipient’s Details: Full name, mobile money account, or bank account information in Kenya.
Transfer Funds: The amount you wish to send, plus any associated fees.

Tips to Save Money and Time

Compare Exchange Rates
Not all services offer the same rates. Use platforms like XE.com to check the current rates and choose the best deal.
Watch Out for Hidden Fees
Some services advertise “low fees” but offer poor exchange rates, eating into your transfer amount.
Use Promotions
Many services give discounts or fee-free transfers to first-time users. Take advantage of these offers.
Ensure Accuracy
Double-check the recipient’s details to avoid delays or failed transactions.

FAQs

1. How long does it take to transfer money from Nigeria to Kenya?

It depends on the service. Mobile money transfers are often instant, while bank transfers may take up to three business days.

2. How much does it cost to send money?

Fees vary by service. For example, Chipper Cash often has zero fees, while banks and traditional services like Western Union may charge higher fees.

3. Is it safe to send money online?

Yes, if you use reputable platforms like WorldRemit, Wise, or Sendwave. Always check reviews and ensure the platform is licensed.

Further Resources

Chipper Cash: https://chippercash.com
WorldRemit: https://www.worldremit.com
XE Currency Converter: https://www.xe.com
M-Pesa Kenya: https://www.safaricom.co.ke/personal/m-pesa

Conclusion

Sending money from Nigeria to Kenya doesn’t have to be expensive or stressful. With the right service, you can make transfers quickly, safely, and affordably. The key is to research and pick the option that works best for you and your recipient.

What’s your preferred method for sending money across borders, and why? Let’s discuss in the comments!