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Nairaland Forum / Nairaland / General / Business / CBN, Western Union Launch Foreign Remittance Service (24163 Views)
Bitcoin Remittance Business For Nigeria - Business Opportunity / GTBank Stops Over-The-Counter Western-Union Transactions, Use Internet Banking / Western Union Money Transfer Now To Be Paid In Naira (2) (3) (4)
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Re: CBN, Western Union Launch Foreign Remittance Service by priscaoge(f): 3:14pm On Aug 18, 2014 |
Eyop:Lol yea u have a point. |
Re: CBN, Western Union Launch Foreign Remittance Service by Nobody: 3:14pm On Aug 18, 2014 |
We don't wanna send ![]() We just wanna keep receiving ![]() 1 Like |
Re: CBN, Western Union Launch Foreign Remittance Service by futajallon: 3:15pm On Aug 18, 2014 |
I no dey send just dey receive no time |
Re: CBN, Western Union Launch Foreign Remittance Service by Bitcoin: 3:15pm On Aug 18, 2014 |
Western union and other remittance companies make about $550 Billion every year in revenues helping people transfer money. With bitcoin you can send money instantly without any withdrawal limitations, no government oversight and it is absolutely free. I'm still looking for folks who are interested in setting up a Bitcoin remittance business in Nigeria, we can charge 25-50% of the competition and still turn a profit. 1 Like |
Re: CBN, Western Union Launch Foreign Remittance Service by Dmony: 3:16pm On Aug 18, 2014 |
nice approach,I like that |
Re: CBN, Western Union Launch Foreign Remittance Service by iamord(m): 3:16pm On Aug 18, 2014 |
lancee: Hope the charges won't discourage people sending money to their loved ones ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Re: CBN, Western Union Launch Foreign Remittance Service by Eyop: 3:17pm On Aug 18, 2014 |
iamord:Oga me i don't know oooh. You know fraudsters take advantage of any slightest opportunity given to them mostly in Nigeria. |
Re: CBN, Western Union Launch Foreign Remittance Service by Nobody: 3:18pm On Aug 18, 2014 |
priscaoge: Good one,It's a way forward. GEJ is working May God transform ya life the way GEJ is transforming Nigeria. Can i hear a Big amen? 2 Likes |
Re: CBN, Western Union Launch Foreign Remittance Service by Nivlin: 3:18pm On Aug 18, 2014 |
Nice |
Re: CBN, Western Union Launch Foreign Remittance Service by iamord(m): 3:18pm On Aug 18, 2014 |
Bitcoin: Bitcoin Remittance is the way forwardBitcoin is cool but am yet to understand it |
Re: CBN, Western Union Launch Foreign Remittance Service by pansophist(m): 3:19pm On Aug 18, 2014 |
As for me, I am fine with my GT mastercard. I get money sent to me from Nigeria directly to my account and I withdraw from abroad anywhere I find an ATM machine. I can withdraw in weekends anywhere and anytime and no sending fee from the sender, only 420naira withdrawal charge. I can also travel to another country and withdraw there unlike western union where I have to collect in the destination country. GT mastercard is still the best if you know whats up 4 Likes |
Re: CBN, Western Union Launch Foreign Remittance Service by complete1(m): 3:19pm On Aug 18, 2014 |
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Re: CBN, Western Union Launch Foreign Remittance Service by Xano(m): 3:20pm On Aug 18, 2014 |
Great start. Excellent. Thanks to all who made it possible. |
Re: CBN, Western Union Launch Foreign Remittance Service by Keypha(m): 3:20pm On Aug 18, 2014 |
wow I can now send money to my client so that she will believed more and pay wella heheheheheheh 1 Like |
Re: CBN, Western Union Launch Foreign Remittance Service by angelo5uk(m): 3:20pm On Aug 18, 2014 |
Expecting those APC e-rats to come and spill rubbish as usual. Awon Oni Ira nu I've never seen such people that have decided to see bad in anything good Jonathan has to offer. By the way... Great news for those of us into importing business |
Re: CBN, Western Union Launch Foreign Remittance Service by iamord(m): 3:21pm On Aug 18, 2014 |
Eyop: Locals. Scams can get real ugly |
Re: CBN, Western Union Launch Foreign Remittance Service by Nobody: 3:22pm On Aug 18, 2014 |
Western union or no western union nigerians has been sending money abroad via black market(a.k.a money laundering 2 Likes |
Re: CBN, Western Union Launch Foreign Remittance Service by iac: 3:25pm On Aug 18, 2014 |
datguru: Wooooooits ok.i like the effort of the CBN governor so far. |
Re: CBN, Western Union Launch Foreign Remittance Service by SunandRay(m): 3:27pm On Aug 18, 2014 |
Some Nairalanders are simply HOPELESS FOOLS, commenting just for the sake of appearing on the FP, shallow minded e-diots always spewing out rubbish just to show their misguided loyalist to the Clueless One. #FOOLZ 1 Like |
Re: CBN, Western Union Launch Foreign Remittance Service by datguru: 3:28pm On Aug 18, 2014 |
I know Eyop: |
Re: CBN, Western Union Launch Foreign Remittance Service by ibe9ja: 3:28pm On Aug 18, 2014 |
Bitcoin: Western union and other remittance companies make about $550 Billion every year in revenues helping people transfer money. [b]With bitcoin you can send money instantly without any withdrawal limitations, no government oversight and it is absolutely free. I'm still looking for folks who are interested in setting up a Bitcoin remittance business in Nigeria, we can charge 25-50% of the competition [/b]and still turn a profit. So dat u fit disappear like Liberty Reserve do us abi. Okay 1 Like |
Re: CBN, Western Union Launch Foreign Remittance Service by PromixTuhh(m): 3:29pm On Aug 18, 2014 |
This is a great development even though it supposed to have taken place a long time ago; considering that other small nations already have this out-bound transfer service. I think it's quite advantageous because if you use the Mastercard or visa card and Co abroad, you can only withdraw around 600 dollars at once and around 2500dollars per day. Now imagine if you have a large amount to withdraw then it might take several days to withdraw all. But with western union, large sums can be sent to you and you can withdraw all at once. Another thing is that each time you withdraw with the ATM, there is always a service charge included and when you add up those charges you will get what I mean. Alhough you still have to pay charges with the western union, it will be relatively less. |
Re: CBN, Western Union Launch Foreign Remittance Service by chukxie(m): 3:30pm On Aug 18, 2014 |
Good move. It's been long overdue though. I pray our 'thief - thief' politicians don't use it to siphon off money out of Nigeria, and 'yahoo - yahoo' boys and girls don't abuse this good initiative. 1 Like |
Re: CBN, Western Union Launch Foreign Remittance Service by Nobody: 3:31pm On Aug 18, 2014 |
Eyop: Yahoo boys are observing with keen interesthave you ever heard of a yahoo boy sending money abroad? |
Re: CBN, Western Union Launch Foreign Remittance Service by room089: 3:35pm On Aug 18, 2014 |
Good news! But oga governor, any new move to forestall the activities of fraudsters associated with Western union transfer? |
Re: CBN, Western Union Launch Foreign Remittance Service by Nobody: 3:35pm On Aug 18, 2014 |
Eyop:I have lust a chance/deal worth $25k because of them. Even buyer talk say him no like as I b Nigerian sef. After I reply am, I no hear from the guy again till today 1 Like |
Re: CBN, Western Union Launch Foreign Remittance Service by holuphisayor(m): 3:39pm On Aug 18, 2014 |
what about the charges. |
Re: CBN, Western Union Launch Foreign Remittance Service by ochukoccna: 3:42pm On Aug 18, 2014 |
pansophist: As for me, I am fine with my GT mastercard. I get money sent to me from Nigeria directly to my account and I withdraw from abroad anywhere I find an ATM machine. I can withdraw in weekends anywhere and anytime and no sending fee from the sender, only 420naira withdrawal charge. I can also travel to another country and withdraw there unlike western union where I have to collect in the destination country.GTB Mastercard (and other Nigerian banks) are rip offs ![]() ![]() Apart from having higher exchange rates that the prevailing one back in Nigeria, they also slam you with their charges for withdrawing with your Naira card ![]() ![]() 1 Like |
Re: CBN, Western Union Launch Foreign Remittance Service by Nobody: 3:43pm On Aug 18, 2014 |
This is one of the greatest moves by CBN for this year! I hope Nigerians will make good use of this opportunity and not try to corrupt the process. NIGERIA IS MOVING. South Africa, here we are moving forward! |
Re: CBN, Western Union Launch Foreign Remittance Service by Raypawer(m): 3:46pm On Aug 18, 2014 |
is ok |
Re: CBN, Western Union Launch Foreign Remittance Service by Nobody: 3:49pm On Aug 18, 2014 |
I've been waiting for this a long time. Difficulty in getting money out of the country was really a big issue. Dorm accounts with their crazy surcharges didn't help matter. |
Re: CBN, Western Union Launch Foreign Remittance Service by Youngzedd(m): 3:51pm On Aug 18, 2014 |
Tuale to GEJ and CBN boss. 4 Likes
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