In our increasingly interconnected world, the need for efficient and secure international money transfers has never been greater. Whether you're supporting family members abroad, paying for international services, or investing in foreign markets, finding a reliable money transfer service is crucial. One such service that has gained significant recognition in recent years is Remitly. In this blog post, we will take a closer look at Remitly, its features, and what sets it apart in the competitive world of international money transfers.


What Is Remitly?

Remitly is an online money transfer service that aims to simplify the process of sending money across borders. Founded in 2011 by Matt Oppenheimer and Josh Hug, the company's mission is to provide a faster, more affordable, and more transparent way to send money internationally, particularly for people who want to support their families back home or help loved ones with financial needs abroad.





Key Features of Remitly

1.     Speedy Transfers: Remitly offers two-speed options for sending money: Express and Economy. Express transfers typically arrive within minutes, while Economy transfers take a bit longer but come with lower fees. This flexibility allows users to choose the best option depending on their urgency and budget.

2.     Competitive Exchange Rates: Remitly provides competitive exchange rates, ensuring that your recipient receives the most money possible in their local currency. The exchange rate you see when you initiate your transfer is the rate you'll get, which eliminates the uncertainty associated with fluctuating rates.

3.     User-Friendly Interface: The Remitly app and website are designed to be user-friendly, making the entire process of sending money abroad straightforward. Users can initiate transfers in just a few clicks and easily track the progress of their transactions.

4.     Multiple Payout Options: Recipients can receive funds through various methods, including bank deposit, cash pickup, mobile money, and even home delivery, depending on the destination country. This flexibility ensures that the money reaches your loved ones in a way that is convenient for them.

5.     Transparency: Remitly is committed to transparency in its pricing. Users can see the fees and exchange rates upfront, so there are no surprises or hidden charges. This transparency helps users make informed decisions when sending money abroad.


      Remitly has become a trusted and convenient platform for sending money internationally. If you're looking to open a Remitly account and start sending and receiving money to loved ones abroad, this step-by-step guide will walk you through the process. With a user-friendly interface and a commitment to transparency, Remitly makes it easy for anyone to get started.


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Step 1: Visit the Remitly Website or Download the App

Step 2: Sign Up for a Remitly Account

Step 3: Provide Your Personal Information

           Step 4: Verify Your Identity




Sending Money from Nigeria to Other Country with Remitly

Sending and receiving money from Nigeria to another country using Remitly is a straightforward process, Here's a step-by-step guide on how to use Remitly for international money transfers:


Step 1: Create a Remitly Account


Step 2: Verify Your Identity


Step 3: Choose the Recipient and Destination:

 Enter the details of the person you want to send money to, including their name, contact information, and the country where they will receive the funds.


Step 4: Select the Transfer Amount and Speed:

Specify the amount you want to send and choose the transfer speed – either Express or Economy. Remitly will display the exchange rate, fees, and the total amount the recipient will receive.


Step 5: Choose the Payment Method:

Select your preferred payment method, such as bank transfer, debit card, or credit card. Follow the prompts to link your payment source to your Remitly account.


Step 6: Review and Confirm


Step 7: Make the Payment:

 If you're using a card for payment, provide the card details as prompted. If you're doing a bank transfer, follow the instructions to initiate the transfer from your bank to Remitly.


Step 8: Receive Confirmation:

After the payment is processed, you'll receive a confirmation email or notification with the transaction details, including a tracking number.





Receiving Money From Other countries in Nigeria through Remitly

Step 1: Notify the Sender:

 If you are the recipient, provide the sender with your full name, contact information, and the tracking number or transaction reference provided by Remitly.


Step 2: Wait for the Transfer:

 The sender initiates the transfer through Remitly, and you'll receive the funds once the transaction is completed. Remitly provides estimated delivery times based on the chosen transfer speed.


Step 3: Check Your Bank Account (if applicable):

 If the funds are being deposited directly into your bank account, you'll receive the money once the transfer is completed. Check your bank account for the deposit.


Step 4: Verify the Transaction:

Ensure that the received amount matches the expected amount, and double-check all transaction details for accuracy.


Step 5: Keep Records:

Retain records of the transaction, including confirmation emails, reference numbers, and receipts, for your records and to address any potential issues.










Opening a Remitly account is a straightforward process that enables you to send money internationally with ease and transparency. Whether you're sending financial support to family members or conducting international business transactions, Remitly's user-friendly platform makes it accessible to users around the world. Always remember to double-check the details before confirming your transfer to ensure a smooth and secure transaction.


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