WorldRemit is a cross-border digital payments service that lets its users transfer money and perform other remittance services. They offer their services in over 70 currencies and about 130 countries.
Does Worldremit Work in Nigeria?
Yes, Worldremit works in Nigeria. You can use this digital payment service to transfer money and for airtime top-up. This platform offers support for several countries so you can perform all your international transactions within this app.
How to create an account on Worldremit
Before you can start using the Worldremit payment service, you need to first create an account with them. To create the account you’ll need to submit some personal details of yours. Follow the steps below to set it up
- Visit your web browser or install the app
There are two ways to access Worldremit. You can either use your web browser or you can use their app. Their app is available on the Google Play store for Androids and on App Store for iPhones.
- Submit your contact details and password
You’ll input your email address and your phone number, you’ll also create a password. You’ll be sent a verification link in your email. Follow the instructions to verify your account.
- Upload more details
You’ll upload a picture of a valid ID card (government-issued ID, passport, driving license).
After submitting it, wait for some hours so Worldremit will confirm your account. After your account is confirmed you can start using Worldremit without restraint.
How to open a domiciliary account in Nigeria
If you’re receiving money from abroad through Worldremit, you’ll receive the money in USD. To be able to receive US dollars, you’ll have to open a domiciliary with your bank. You can set it up in most major banks in Nigeria. However, each bank’s requirements slightly differ when opening an account, and the required minimum opening and operating balance differ too. The general materials/details that will be needed are —
- a passport photograph
- a reference form from your bank
- a utility bill issued within the last 3 months
- a completed reference forms
- a copy of your ID (driver’s license, International passport, National I.D Card, or any other acceptable ID by the bank)
- a signature mandate card from your bank
You can visit your bank to make further inquiries.
What transfer options are available to send money in Nigeria
There are two transfer options available for Nigerians — bank transfer and cash pickup. It takes about 10 minutes for most cash pickup transactions to arrive at its destination, while bank transfers might take up to 1 hour before it arrives at the recipient account.
In Nigeria, these are the banks that offer cash pickup for Worldremit — First Bank, Fidelity Bank, Polaris Bank, Access Bank, and Zenith Bank.
This list can be updated at any time or banks that support them might opt-out, so alternatively you can check the “Choose Country To Send To” tab on their app or website. Then select “cash pickup”, you’ll see the various banks that are supported.
How to send money on Worldremit
As said earlier, there are two ways to make payments via Worldremit (cash pickup and bank transfer). We will show you how to use both when you’re sending money.
- Start a new transfer
Log in to your Worldremit app. Select “new transfer” and select the country you want to send to.
- Select the pay-out method
You’ll pick USD Cash Pickup as the pay-out method. If you’ve performed a transaction with the recipient before, you can tap on the transaction details icon and the recipient info will be automatically filled.
Tap on transfer when you’re done.
- Pick the recipient country and input amount
Log in to your Worldremit account. Then choose the country you want to transfer to, and input the amount you want to send.
- Enter recipient’s details
You’ll input the recipient’s info (name, address, phone number) and bank details. Then make the payment.
How to receive money via cash pickup in Nigeria
If the payment method your sender chose is this, there are certain things you need to consider so you’ll be able cash out your money.
- Take precaution
Make sure the name you send to your client appears the same way on your ID card.
- Get reference number
After the sender completes the transaction, both of you will receive a WorldRemit reference number
- Pickup the cash
Go to your bank and pick up the cash. At the bank, you’ll be presented a form to fill. After filling it, your transaction will be processed and the cash will be handed to you. Since you’re are in Nigeria and the official currency is Naira, you’ll change your money from Naira to Dollar.
Worldremit is supported by most banks in Nigeria. This is a good thing because mass adoption makes services much easier. You won’t have to worry about delayed transfers, and if you have a complaint it can easily be resolved.