In today’s globalized world, the need to send money across borders has become a routine activity for many Nigerians. Whether it's supporting family members, paying for goods and services, or even funding education abroad, cross-border payments are a crucial part of financial life. However, traditional banks often impose high fees and unfavorable exchange rates, making the process expensive and time-consuming. Thankfully, fintech innovations have transformed the way we handle cross-border payments, offering more affordable, fast, and secure alternatives. In this article, we'll explore ten fintech apps that you can use to send money abroad with ease in Nigeria.

1. Flutterwave

Flutterwave is a leading Nigerian fintech company that provides seamless and secure payment solutions. The app allows users to send money to over 150 countries with just a few clicks. Its integration with various global payment systems ensures competitive exchange rates and lower fees compared to traditional banks. Flutterwave also offers a virtual dollar card, making international transactions even more accessible.

2. Paystack

Another homegrown fintech giant, Paystack, offers cross-border payment services that are fast and reliable. Although primarily known for processing online payments for businesses, Paystack’s international payment feature allows Nigerians to send money to several countries effortlessly. The app's user-friendly interface and transparent fee structure make it a popular choice for cross-border transactions.

3. TransferWise (Wise)

TransferWise, now known as Wise, is a global leader in international money transfers. The app offers some of the best exchange rates in the market, with fees that are significantly lower than traditional banks. Nigerians can use Wise to send money to over 70 countries, and the app’s transparency ensures that you always know how much your recipient will receive before you send the funds.

4. Chipper Cash

Chipper Cash is a popular African fintech app that allows free and instant cross-border payments within Africa and beyond. The app's simplicity and cost-effectiveness have made it a favorite among Nigerians looking to send money abroad. Chipper Cash also offers a virtual Visa card that can be used for international purchases, adding another layer of convenience for users.

5. WorldRemit

WorldRemit is a global fintech company that specializes in cross-border payments. The app allows Nigerians to send money to over 130 countries quickly and securely. WorldRemit offers multiple payout options, including bank deposits, cash pickups, and mobile money, making it versatile and accessible to recipients in different countries.

6. Remitly

Remitly is another excellent option for sending money abroad from Nigeria. The app offers fast transfers to over 50 countries, with competitive exchange rates and low fees. Remitly also provides real-time tracking, so you can monitor the progress of your transfer from start to finish. The app’s security features ensure that your money is safe throughout the process.

7. Sendwave

Sendwave is a mobile app that focuses on remittances to Africa and Asia. The app allows Nigerians to send money to countries like the US, UK, and Canada with no fees, making it an attractive option for those who need to send smaller amounts. Sendwave’s ease of use and quick transfer times have made it a popular choice among the Nigerian diaspora.

8. Paga

Paga is a Nigerian mobile payment platform that has expanded its services to include international money transfers. The app allows users to send money to various countries, including the US, UK, and Europe, with competitive exchange rates and low fees. Paga also offers bill payments and airtime purchases, making it a versatile financial tool for Nigerians.

9. Xoom

Xoom, a service by PayPal, is a well-established player in the cross-border payments space. The app allows Nigerians to send money to over 130 countries, with the option of bank deposits, cash pickups, and even home delivery in some locations. Xoom’s affiliation with PayPal adds an extra layer of trust and security, making it a reliable choice for international transfers.

10. Payoneer

Payoneer is a global financial services company that provides cross-border payment solutions for businesses and individuals. The app allows Nigerians to send and receive money from over 200 countries, with a focus on business transactions. Payoneer’s multi-currency account feature is particularly useful for freelancers and entrepreneurs who need to manage payments in different currencies.

Conclusion: Cross-border payments have never been easier, thanks to the rise of fintech apps that offer fast, affordable, and secure solutions. Whether you’re sending money to support family, pay for goods, or fund an education abroad, these ten fintech apps provide the convenience and reliability that traditional banking methods often lack. By choosing the right app, you can ensure that your money reaches its destination quickly and without the hefty fees that usually accompany international transfers. As the fintech landscape continues to evolve, we can expect even more innovative solutions that make cross-border payments simpler and more accessible for Nigerians.