How to Send Money from Nigeria to Rwanda

Making personal or business shifts is not a surprising incident. People make relocation decisions from time to time. According to Statista, there were 25 million international migrants in Africa as of July 2020

In cases of migration between African countries, your loved one can decide to move to Rwanda for studies or you can decide to have your next family vacation in Kigali. Better still, you can even be a Rwandese and have customers and business partners in Nigeria.

The possibility of these requires a smooth money flow process as you will need, at some point, to send money to your loved one in Rwanda, receive money from customers, or make payments to vendors during your visit to Kigali.

However, sending money from Nigeria to Rwanda can be challenging due to the limited options available. Traditional money transfer methods such as bank transfers and wire transfers can be expensive and time-consuming.

Also, these methods may require the sender or receiver to have a bank account, which can be a challenge for those who are unbanked or underbanked. Not to forget to mention how high the cost of remittance services in some cases, can eat into the amount being sent. This can be difficult when you just need to send small amounts of money.

In this article, we will delve into the most efficient and cost-effective way to send money to Rwanda from Nigeria. And towards the end of your read, you will realize that, making intra-Africa transactions can be easier than you had imagined. Let’s roll!

Bitnob: The best way to send money to Rwanda from Nigeria

Bitnob allows users to send money instantly and securely across Africa by leveraging the lightning network. We aim to tackle the above-mentioned challenges head-on, by offering a solution that is affordable, easily accessible, and convenient for sending money across African countries. Bitnob stands out as the ideal choice for transferring funds between the two countries due to the following factors:

Affordable charges

Bitnob's minimal costs are one of its main benefits. In comparison to the typical cost of remittances in Africa, you are only charged a fee of 1% for all intra-African transfers. Additionally, there’s a provision for competitive conversion rates to make sure you get the most for your money.

Accessible to all

The platform is available to anyone with a phone— smart/feature phones, making it easy for people in even the most remote parts of the supported African countries to send and receive money. A recipient can receive money in their mobile money wallet or local bank.

Users can also send money in local currencies, eliminating the need for currency conversions and further reducing transaction costs. For example, you can send Nigerian Naira while you are in Rwanda.

Robust security measures

Strong security measures have been implemented by Bitnob to safeguard user data and financial information while complying with all applicable laws.

How to Send Money from Nigeria to Rwanda with Bitnob

The first step is to download Bitnob, fund your wallet, get verified, and follow these easy steps below;

Tap on the “Transfer” button on the Quick Links section of the homepage

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Tap on “Transfer to Bank or Momo”

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Make sure the currency is set to Rwandan Franc [RWF]

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Fill out the amount you’d like to transfer, then tap on “Continue”

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Select MTN Mobile as the provider and fill out the details of the account you want to send money to. If this person would be someone you intend to send money to often, then tap on “Save as beneficiary” to make the person a beneficiary.

Tap on “Proceed to Transaction Note” to add a note on the transaction

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Review the transaction summary and then tap on “Proceed” to initiate payment to the account or mobile money wallet.

Bitnob also allows you to send money between 8 different African countries, helping individuals and businesses to send money for personal and commercial reasons easily.

What Else?

Have you always been so willing to dive into the traveling lifestyle? You love to explore but the only thing holding you back is the constant thought of survival. People often speak of how clean the street of Kigali is, making it labeled as the eco nation of Africa. When you have Bitnob as your travel buddy, you will have no worries about catering to your needs financially in Rwanda.

In addition, you can create virtual dollar cards to make payments on different online platforms including paying for your flight ticket to tour Rwanda. Bitnob is that all-in-one app that easily fits into lifestyle and finance.

Ready to try the best app that makes using your money easier in Africa? Download Bitnob to get started.