As a migrant living in the USA, your priorities lie with the family you have left behind in Nigeria. Interestingly, a recent study by the World Bank has concluded that Nigerians receive the highest volume of remittances from the USA. In 2017, Nigerian diaspora sent $22 billion to Nigeria as remittances.

Families in Nigeria are dependent on money sent from abroad and hence it is imperative that remittances to Nigeria are easily available and accessible. Korapay is your go-to destination to ensure that money reaches your loved ones in a safe and secure manner.

Bank Transfer – If your family has a bank account in Nigeria, sign up on the Korapay web application and you can easily send money to all banks in Nigeria. Korapay has a strong presence in most leading banks of Nigeria, creating an environment of financial inclusion in remote locations too.

You need a money transfer operator to receive money from USA. Another option is directly to go for banks but they charge a comparatively higher interest rate which may vary anywhere from 9 to even 20%. This is a major concern when it comes to sending remittances to Sub-Saharan countries.
Because of the strict AML/CFT laws, KYC, although being a tedious process, is mandatory.
The first thing that you need to do is look out for the right international money transfer service provider that suits your requirements.

- The first thing that you need is whether the platform serves your exact requirements. That means you need to ensure whether it supports the bank or location that you are looking to send money from and to.
- Lowest transaction processing fee is one of the fundamental need. However, multiple platforms claim the same. Therefore, it is up to the customer him/herself to ensure that the service provider is not charging any hidden fee (including exchange rates).
- It is important that you do not send a large amount of money right after completing your document verification. There are some reliable platforms that can be used to send money to Nigeria online at affordable prices but as suggested, first, start with a lower amount.
- Check the customer support of the concerned platform or company. If the response is not prompt, consider it a red flag.