Sending money from Kenya to Nigeria involves several options, each with its own advantages. Whether you prioritize speed, convenience, or cost, understanding the available services is crucial.
Traditional Methods: Western Union
Western Union remains a popular choice for international money transfers. With a wide network, it offers both convenience and reliability.
To send or receive money, simply visit the nearest KCB Bank branch with your identification document to transact. Present in over 200 countries and available in over 350,000 agent locations around the world, transacting in over 130 currencies.
Note: Western Union also profits from currency exchange. When selecting a money transfer service, be sure to compare transfer fees and exchange rates carefully. Fees, exchange rates, and taxes can vary by brand, channel, and location depending on various factors and are subject to change without notice.
How to Send Money via Western Union:
- Visit a nearby agent location and bring your valid identification document.
- Provide the receiver’s details:
- Name
- Country of destination
- Mobile wallet number
- That’s it! The agent will take care of the rest. You can track your money transfer and check its status with the Money Transfer Control Number (MTCN).
Depending on your chosen delivery method, money could be received in minutes. However, funds may be delayed or services unavailable based on certain transaction conditions, including amount sent, destination country, currency availability, regulatory issues, identification requirements, Agent location hours, differences in time zones, or selection of delayed options. Additional restrictions may apply.
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Digital Money Transfer Services
Several digital money remittance companies offer alternatives to traditional methods.
A digital money remittance company available in over 150 countries globally and offering remittances in over 90 currencies. The partnership allows you to deposit the remittance into your bank account anytime anywhere.
TerraPay is a licensed digital payments infrastructure and solutions provider, paving the global payments highway that enables customers and businesses globally to send and receive payments on a secure, transparent, efficient, and real-time basis.
Thunes is a business-to-business company that powers payments for the world’s fastest-growing businesses. Corporates and financial institutions can move funds seamlessly, securely and cost-effectively with Thunes’ well-established, reliable and far-reaching network.
How To Send Money From Kenya To Nigeria
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Mobile Payment Hubs
MFS Africa is the largest digital payments hub in Africa.
Other Options
Other notable players in the money transfer market include:
- GLOBAL MONEY EXCHANGE CO LLC - The Company is a household name when people think about remittance and foreign exchange currency business in Oman. We hold sizeable market share in Oman’s remittance industry and can proudly present as one of the strong players in this field.
- Thamor Trading Corporation D.B.A.
Nigerian Banks
Many Nigerian banks partner with international money transfer services to facilitate remittances:
- Keystone Bank Limited
- Polaris Bank Limited
- Stanbic IBTC Bank PLC
- Sterling Bank PLC
- Union Bank of Nigeria PLC
- United Bank for Africa PLC
- Unity Bank PLC
- Wema Bank PLC
Summary of Money Transfer Options
Here's a summary of the different money transfer options discussed:
| Service | Coverage | Features |
|---|---|---|
| Western Union | 200+ countries, 350,000+ agent locations | Cash pick up |
| Digital Remittance Companies | 150+ countries | Bank deposits |
| MFS Africa | Africa | Mobile wallets |
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