MonieWorld is a newly launched digital remittance platform by Nigerian fintech company Moniepoint. Here's how to receive money from abroad using it.
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How to use Monieworld (send and receive GBP)
Moniepoint has set its foot into the UK-Nigeria remittance market using Monieworld . MonieWorld is a digital remittance platform that allows UK residents to send money directly from a MonieWorld account, cards, a British bank account, or via Apple Pay and Google Pay to a Moniepoint account or any Nigerian bank account. Currently, MonieWorld UK account holders can only remit to Nigeria using the platform. Nigeria is one big country that received approximately £2.7 billion in remittances from the UK in 2021 through formal channels. This makes the market a better option to start with. Furthermore, MonieWorld offers favorable exchange rates, reportedly better than some competitors like Grey and LemFi. In a real-world test, it took just 17 seconds to send £1 from the UK to a Moniepoint account in Nigeria, which received ₦2,172—that’s ₦53 more than Grey and ₦30 more than LemFi, showcasing MonieWorld's competitive exchange rates. How to receive money from UK using MonieWorld MonieWorld is mak…
