Discovered the process of sending money from Nigeria to Uganda using Bitnob. Explore the various ways you can leverage the Bitnob app in Uganda
A report by the World Bank in 2015 describes the incredible exportation prowess of Uganda, doing $427 million worth to Kenya, $265 million to Sudan, $283 million to Rwanda, and $153 million to Congo. This only gives a clear idea that other African countries prefer Uganda for bulk buying.
However, the major concern is, If these numbers were done in 2015, Imagine the cost of remittance for the importers—exorbitant fees.
Common remittance solutions have proven inadequate in addressing the challenge of efficiently transferring money to Uganda and other African countries. They are costly, involve lengthy processing times, or are inconvenient.
So, suppose you are a business owner in Nigeria who wants to tap into the Ugandan supply chain, a Nigerian that wants to send money who wants to send money to your loved ones, or you are thinking of relocating to Uganda for a fresh start. In that case, there is an easier and cheaper solution for you, in this article.
On Bitnob, sending money to Uganda is fast, affordable, and secure with just a few taps. The person you send the money to receives it in their local currency directly into their mobile money wallet in Uganda
How to Send Money to Uganda from Nigeria with Bitnob
Unlike Nigeria, Uganda relies heavily on the mobile money wallet (Momo), while in Uganda, almost everyone has one, making transactions easy. To send money to Uganda from Nigeria using Bitnob, you only need the recipient's mobile money wallet number and full name, and follow these simple steps below;
- Login to the Bitnob app
- Tap Transfer in the Quick Links section of the homepage
- Tap Transfer to bank or MoMo
- Tap the Change currency drop-down to choose Uganda (UGX)
- Enter the amount you want to send either in UGX or USD. However, the minimum you can transfer is $2
- Select the account or mobile money 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 often, then tap on “Save as beneficiary” to make the person a beneficiary
- Review the transaction summary and then tap on “Proceed” to initiate payment to the mobile money wallet.
Congratulations! You've just completed a money transfer to someone in Ghana using the Bitnob app. Sending money has never been easier or smoother!
Within a few minutes, the recipient will receive the funds you sent. While they await the transaction confirmation, you can provide them with a shareable receipt as proof of payment.
Please keep in mind that the minimum amount you can transfer at any given time is $2.
Before initiating any transaction, ensure that you have the desired amount in your USD wallet on Bitnob. If your USD wallet balance is insufficient, click here to learn how to fund it.
How Else Can You Use Bitnob’s Transfer feature?
After following the steps outlined above, you might already be considering various ways to utilize Bitnob's transfer feature. While we've touched on a few ideas earlier, here are some additional suggestions worth exploring:
Purchase Goods from Uganda and Deliver to Nigeria
Found an item you love from a Ugandan store online but unsure how to make the payment? With Bitnob, you can easily order goods from Ugandan stores, pay through their mobile money wallets, and have the items delivered to your doorstep in Nigeria.
Similarly, businesses in Nigeria can streamline their payment process to Ugandan suppliers using Bitnob, making transactions hassle-free.
Simplify Travel Expenses to Uganda
If you're a frequent traveler to Uganda or planning a holiday there, Bitnob simplifies your financial needs. Instead of worrying about currency exchange at the airport, preload your USD wallet on the Bitnob app.
With this, you can seamlessly pay for transportation, accommodation, meals, and more in Uganda using the transfer feature. This not only spares you the inconvenience of carrying large sums of cash but also ensures you have transaction records readily available on your phone.
Experience Seamless Cross-Border Transfers
In this article, you've discovered the process of sending money from Nigeria to Uganda using Bitnob's transfer feature. Additionally, we've discussed various ways you can leverage the Bitnob app in Uganda. Now, you can effortlessly send money to your family and friends in Uganda, as well as pay vendors for their products and services within the country.
Would you like to give it a try? Start by downloading Bitnob here