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Thrivesend Launches As It Aims To Be The Cheapest Way To Transfer Money In Nigeria

Adeniyi Ogunfowoke by Adeniyi Ogunfowoke
4 years ago
in Startups
4 min read
0

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When you transfer money to other banks in Nigeria, you are charged between N80 and N100 by your bank. They do not waste time in sending you the alert of the deductions.

Many bank customers have complained bitterly about these charges which are outrageous to no avail. Hence, when banks announce that they made as much as N138 billion from electronic payment charges in 2016 it did not shock anyone. In 2015, N109.1 billion was paid to the banks. This is quite on the high side considering the rise in the electronic transactions customers performed.

Well, you do not need to pay as much as these bank charges for your transaction anymore because there are now reliable platforms and startups that have been established for you to transfer and receive money. This is in conjunction with the banks and Central Bank of Nigeria.

One of them is Thrivesend which is a quick, secure and easy money transfer solution via your Nigerian issued or International ATM Cards to any bank account in Nigeria at a transaction fee of 45 Naira only. That is the catch!

All you need to do to make a swift transfer to any Nigerian bank account is to: simply log-on to Thrivesend, enter the amount you wish to send, enter your e-mail address and the bank account number plus bank name of the recipient. Then, enter your debit card details to move to the next stage where your BVN number will be requested, validate the transaction with your OTP or hardware token to complete the transaction. Your account will then be debited and the beneficiary will be credited accordingly.
Thrivesend is a product of Venture Garden Group, the company behind Flutterwave.
Wow! N45 to transfer money. Just Awesome. However, when this writer tried to transfer money, the reply I got was unauthorised user. Perhaps this is just temporary.

 

READ  The Global Good Fund Announces 5th Annual Fellowship for Social Entrepreneurs

 

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Tags: FlutterwaveSTARTUPThrivesend
Adeniyi Ogunfowoke

Adeniyi Ogunfowoke

All things Tech and startup.

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