How to Send Money from India to Nigeria [Best Ways & Apps in 2024]

  • December 13, 2023

Ever wondered what the best ways are to send money from India to Nigeria without breaking the bank or pulling your hair out?

Well, you’re not alone. In a world where global connections are more critical than ever, it’s crucial to know how to move funds across borders efficiently.

Whether you’re an Indian entrepreneur expanding to Nigerian markets, a Nigerian student in India, or just helping out family, this guide is tailored just for you.

Table of Contents

Why Send Money from India to Nigeria?

Transferring money across borders isn’t just a financial task; it’s an emotional one too.

There are numerous reasons you might be interested in how to send money from India to Nigeria:

Business Ties

India and Nigeria share robust trade and business relations, making the need for seamless transactions imperative.

Related: How to Send Money from USA to Nigeria

Family Connections

From paying bills to sending back support, the fastest way to send money from India to Nigeria can be a real lifesaver.

Education or Healthcare Payments

International payments are often necessary for covering tuition or medical expenses.


As both countries grow economically, opportunities for investments increase, necessitating various apps to send money from India to Nigeria.

See Also: How to Send Money from Ghana to Nigeria

Things to Consider Before Sending Money

Before you hit that ‘send’ button, let’s go through a checklist of factors you should consider:

Exchange Rates

The rate at which your rupees will convert into naira can make a significant impact on the amount the receiver gets.

Transaction Fees

High fees can eat into the money you’re sending. Look for options that offer low or zero fees.

Time for Delivery

In emergencies, knowing apps to send money to Nigeria from India in the fastest time possible can be crucial.

Limitations on Amount

Some services have caps on how much you can send, so make sure to align your needs with these limitations.

Security and Reliability

The last thing you want is your hard-earned money getting lost in cyberspace. Make sure the service you choose is reliable and secure.

Check Out: Best Apps to send Money to Nigeria in Minutes

Best Ways to Send Money from India to Nigeria in 2023

Let’s get into the nuts and bolts of how to send money from India to Nigeria bank accounts and other methods:

  1. Western Union
  2. MoneyGram
  3. Bank Wire Transfer
  4. Paytm
  5. Wise (Transferwise)
  6. Crytocurrency

Western Union

Send money from India to Nigeria

How It Works

Head to a Western Union office or use their online service. Fill out the receiver’s details and hand over or transfer the funds.

Pros and Cons

It’s tried and true but can be expensive in terms of fees. However, it’s a good option if the receiver doesn’t have a bank account.

Real User Reviews

“Western Union has never let me down. It’s especially useful for sending money to my family in remote areas.” – Tolu, Lagos.


app to send money from India to Nigeria

How It Works

Very similar to Western Union, you can either go to a MoneyGram outlet or use their online portal. You’ll fill out the receiver’s details and transfer the funds.

Pros and Cons

MoneyGram generally has slightly lower fees compared to Western Union. However, exchange rates can sometimes be less favorable.

It’s a solid option for sending money to Nigeria from India if you’re looking at smaller amounts.

Real User Reviews

“I prefer MoneyGram because of its lower fees. Plus, my family back home can pick up the money at various locations.” – Rajesh, New Delhi.

Bank Transfers

Transfer money from India to Nigeria

How It Works

You can directly send money from your bank account in India to a Nigerian bank account.

Both sender and receiver should have active accounts, and you’ll need to know the recipient’s bank details including their SWIFT code.

Pros and Cons

Bank transfers are often considered the safest way to transfer money from India to Nigeria.

However, they can take a bit more time and usually have higher fees.

Real User Reviews

“For larger amounts, I always use bank transfers. I feel it’s safer and more reliable, especially for business transactions.” – Chinedu, Lagos.


Sending money from India to Nigeria

How It Works

This digital wallet has broadened its scope to include international money transfers.

Just link your bank account to the Paytm app, input the receiver’s details, and you’re good to go.

Pros and Cons

Paytm offers a very user-friendly interface. Fees are usually lower, but the service is limited to certain Nigerian banks.

Real User Reviews

“Paytm is my go-to for quick transactions. It’s easy, fast, and pretty cost-effective.” – Sunita, Mumbai.

Wise (Transferwise)

How It Works

Wise prides itself on offering real exchange rates with no hidden fees. You can send money directly from your Wise account to a bank account in Nigeria.

Pros and Cons

The service offers one of the best exchange rates and low, transparent fees. However, both sender and receiver must have a Wise account, which can be a limitation.

Real User Reviews

“For me, Wise is the most transparent and fair service for sending money internationally. But you’ll need to persuade the receiver to create an account, which can be a hassle.” – Kemi, Abuja.

See Also: How to Send Money from UK to Nigeria

Comprehensive Comparison of the Best Ways to Send Money from India to Nigeria

Sending money from India to Nigeria is not a one-size-fits-all situation.

Different people have different needs and budgets, so let’s break down how each method stacks up against the others.

Speed of Transfer

  • Western Union: Instant to a few hours
  • MoneyGram: Generally within 48 hours
  • Bank Transfers: 1-5 business days
  • Paytm: Within 24 hours
  • Wise (TransferWise): 1-3 business days

Fees and Charges

  • Western Union: Varies widely but can be high, especially for instant services
  • MoneyGram: Lower than Western Union but varies based on the amount
  • Bank Transfers: Fixed fees, usually higher
  • Paytm: Low fees, especially for smaller amounts
  • Wise (TransferWise): Transparent and low fees, based on a percentage

User Experience

  • Western Union: Generally user-friendly, both online and offline
  • MoneyGram: Also user-friendly but fewer locations in Nigeria
  • Bank Transfers: Requires going through banking systems, often cumbersome
  • Paytm: Excellent app interface, very user-friendly
  • Wise (TransferWise): User-friendly but requires both parties to have an account


  • Western Union: Highly reliable
  • MoneyGram: Reliable but fewer service locations
  • Bank Transfers: Very reliable but slower
  • Paytm: Reliable for smaller transactions
  • Wise (TransferWise): Highly reliable, great customer service

How to Receive Money from India to Nigeria

Receiving money in Nigeria from India is often the other side of the coin. You’d often find that the methods that work well for sending also do wonders for receiving.

Whether you’re using Western Union or a straightforward bank transfer, make sure the receiver is well-versed in how to collect the funds.

Final Thoughts: What’s the Best Method to Send Money to Nigeria from India?

There’s no definitive answer to what the best way to send money from India to Nigeria is; it all depends on what you value the most—speed, low fees, or reliability.

If you’re sending a smaller amount and want it to reach quickly, MoneyGram or Paytm might be your best bet.

For larger transactions, a bank wire transfer or Wise could be more advantageous.

Whatever method you choose, always make sure to double-check fees and exchange rates.

These can fluctuate and turn what seemed like a good deal into an expensive mistake.

Requirements for Transferring Money to Nigeria from India

Transferring money across borders involves a lot of red tape. Knowing the required documentation in advance can save you a headache later.

Here’s what you generally need:

  • Personal Identification: For all methods, you’ll need some form of government-issued ID.
  • Bank Details: If you’re transferring directly to a bank account, you’ll need the recipient’s domiciliary bank details.
  • Transaction Purpose: Some methods require you to state the reason for the transfer.

Note: Based on what transfer methods you want to use, the requirements and documents needed may differ.

Therefore, let’s take a look at the requirements for every of the methods listed above:

Western Union and MoneyGram

  • Government-issued ID for both sender and receiver.
  • Form to fill in details of sender, receiver, and purpose of the transfer.

Bank Transfers

  • Government-issued IDs for both parties.
  • Recipient’s bank details including account number, bank name, and SWIFT/BIC codes.

Paytm and Wise (TransferWise)

  • Registration on the app.
  • Verification of identity using Aadhaar Card (for India) or a similar ID for Nigeria.

Security Measures: Keeping Your Money Safe

When it comes to sending money from India to Nigeria, security is a top priority. Each method has its own set of security measures.

Let’s check them out one by one:

Western Union and MoneyGram

  • Transaction Codes: Unique codes for each transaction which must be provided by the receiver.
  • Two-factor authentication: Especially for online transactions.

Bank Transfers

  • Two-factor authentication: Most banks employ this.
  • Secure Connection: Always ensure you’re using a secure and private connection when initiating a transfer.

Paytm and Wise

  • Two-Factor Authentication: Both use it.
  • Encryption: Advanced encryption methods to secure transactions.

Sending Money from India to Nigeria – FAQs

Let’s address some common queries our readers might have about how to send money from India to Nigeria.

Can I send money for cash pickup in Nigeria?

Absolutely, yes! Both Western Union and MoneyGram offer cash pickup services in Nigeria. Just visit a local branch or agent, and your recipient can collect the money in a jiffy.

What’s the cheapest way to send money from India to Nigeria?

If you’re budget-conscious, TransferWise (Wise) usually offers the most competitive exchange rates and transparent fees. This can often make it the cheapest option for sending money from India to Nigeria.

How long does it take to send money from India to Nigeria?

The time it takes varies by service:

  • Western Union: Usually within minutes for cash pickup, 1-3 days for bank transfers.
  • MoneyGram: Within minutes.
  • Paytm: Instantaneous but not widely accepted in Nigeria.
  • TransferWise (Wise): Usually within 24 hours.

Can I receive money from India to my Nigeria account?

Of course! Most of these services allow for direct bank transfers. MoneyGram and Western Union also offer this option, so receiving money from India to your Nigeria account is totally doable.

Which bank in Nigeria can receive money from India?

Most major Nigerian banks, such as GTBank, Zenith Bank, and First Bank, can receive international transfers from India. Just make sure to confirm with your specific bank.

Which app is good to send money from India to Nigeria?

If you’re app-savvy, you’ll find that Paytm and TransferWise (Wise) offer excellent mobile experiences. They’re user-friendly and efficient, making them good apps to send money from India to Nigeria.

Can an Indian send money to a Nigerian bank account?

Yes, sending money to a Nigerian bank account from India is straightforward, especially with services like Western Union, MoneyGram, and TransferWise.

How long does wire transfer take from India to Nigeria?

Typically, a wire transfer can take anywhere from 1-5 business days, depending on the banks involved and their respective processing times.

Which app can send money from India to Nigeria?

Paytm, TransferWise (Wise), Western Union, and MoneyGram all have apps that can facilitate this.

What bank can I use to receive money from India to Nigeria?

As mentioned earlier, most major Nigerian banks can handle international transfers. GTBank, Zenith Bank, and First Bank are commonly used for such transactions.


Sending money from India to Nigeria has never been easier, thanks to a plethora of reliable options.

Whether speed, low fees, or reliability is your priority, there’s a method out there that’s right for you.