List of money transfer operators in Nigeria (CBN licensed)

Transferring or receiving money internationally? Which money operator should you use? Please continue reading this article to know the list of all top best accredited money transfer operators in Nigeria.

Money transfer operator, also called as mobile money operator (MMO) is a platform which helps people make international transaction at the comfort of their home or office for free of charge without visiting the branch of their local bank account.

Some of the important benefits or advantages of money transfer operators in Nigeria are:

  • They are easy and convenient to use.
  • They save time and effort.
  • Mobile money transfer operators are secure.
  • They are versatile, i.e, they can be used anywhere as far as there is a mobile phone signal.
  • They are relatively low cost.
  • Their transactions are quick.

See this also: how to step by step use POS machine to withdraw and transfer money.

List of all top best licensed mobile money operators in Nigeria

List of all top best licensed mobile money operators in Nigeria

If we are talking about the list of mobile money operators in Nigeria, we have got over 50 of them currently licensed by Central Bank of Nigeria (CBN), but in this article, I am only going to discuss with you some of the top best ones among them.


Western Union money transfer is an electronic funds transfer service currently based in Denver, Colorado that enables people send & receive money from over 250 countries and Western Union Agent locations around the World and receive them in every bank branches nation-wide.

The technical team at Western Union have developed a service called Account Based Money Transfer (ABMT) which allows customer to receive funds directly into their Domiciliary Bank account via quick Teller.

Requirements for Receiving Payments:

  • The Money Transfer Control Number (MTCN)
  • Expected Amount
  • Acceptable means of identification
  • The receiver’s name, address and phone numbers
  • Sender’s name and country (city to be included for transfers coming from the US and Mexico)
  • Test Question and Answer where applicable.

Western Union also makes money from currency exchange. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates and taxes may vary by brand, channel, and location based on a number of factors. Fees and rates subject to change without notice.

Send money online easily with Western Union in Nigeria. With their money transfer service, you can also check their exchange rate and track your transfer online.

For more information on how to use Western Union as a mobile transfer operator in Nigeria, please visit their website.

Read this also: list of all accredited MTN offices in Lagos state.


Sendwave allows individuals to receive funds from over 80 countries across the globe. Funds can be received either as cash pick-up or directly into beneficiary’s account presenting your bank details.

With Sendwave mobile money transfer operator, funds can be received across over any Nigerian commercial Bank branches nationwide.


Some notable banks in Nigeria, like Zenith Bank, First bank, GTbank, etc. are partnering with Venture Garden Group in providing innovative payment processing inefficiencies across multiple sectors of the African economy.


With the mobile money transfer service of MoneyGram, you are assured of receiving your money from Monday through Friday nationwide and from selected locations.

This money transfer operator, MoneyGram was uniquely designed to allow both customers and non-customers of a Bank receive funds.

Beneficiaries can receive money via MoneyGram at any branches that partners with MoneyGram nationwide by providing the following:

  • Transfer Reference Number.
  • Expected Amount.
  • Verified BVN.
  • Sender’s name and country.
  • Test Question and Answer (optional).
  • Fully completed form.

Hence, MoneyGram is one of the best licensed mobile money transfer operators in Nigeria which we have on the list. For more information about it, please visit its website.


In the same vein, almost commercial banks in Nigeria are in partnership with World Remit (a global money transfer and payment company) with network spanning over 58 countries and 125 destinations.

WorldRemit offers an online money transfer service that provides international remittance services to expatriates and migrant workers.

Using the service of WorldRemit, your loved ones can send you money online and you can receive directly to your bank account in Nigeria, hence, it is one of the top best mobile money transfer operators in Nigeria and the whole world at large.


Nairagram is another one of the best licensed money transfer operators we have on our list which allows individuals from across the globe to receive funds from their family members, friends and associates.


Boss Revolution Allows individuals living in the USA to send funds to family, friends, and associates in Nigeria.

Funds can be received directly into your US Dollar domiciliary account or as cash pick-up at any branches of bank account nation-wide.


First Apple allows individuals living in the US to send funds to their family, friends and associates in Nigeria.

Funds sent from abroad can be transferred directly into your Bank USD domiciliary account or received in US dollars’ cash at any of your bank’s branches nation-wide.


95% of all commercial banks in Nigeria currently partner with Cashpot to remit money to customer’s Dollar account directly.

It is not a news that good number of Nigerians have strong ties with their loved ones at home and in diaspora. Hence, receiving money via Cashpot mobile money tarsfer operator has been made easy and convenient for everybody.


Simplify Synergy is a FinTech company designed to be your go-to solution for everything remittance and identity verification.


FUNTECH payment solution offers technology for real-time bank account transfers, bill payments, mobile top-ups, ATM cardless payments, Mobile money transfers and pay-outs at bank branches and your agents. 


AZIMO Ltd. With it, you can receive funds from more than 130 countries around the world. Once the transfer has been made, funds can be picked up from any of our branches – usually within just a few minutes.


Flutterwave is mobile money transfer operator founded in Nigeria and currently based in San Francisco.

It has become one of the fastest-growing payments companies in the world. Flutterwave takes security seriously and ensure that every payment received is 100% secure, even exceeding industry standard.

Flutterwave is a CBN licensed mobile money operator in Nigeria which its headquarter is currently based at 8 Providence Street, Lekki Phase 1 Lagos. For more information, you can also visit their website at


Receive money through ACE Money Transfer. A quick, secure and easy way to transfer money all around the globe.

All from the power of your fingertips! You can also create a transfer.


Global Currency is the faster, safer way to receive money from your loved ones, family and friends.


Smallworld Funds can be received by beneficiaries as cash pick-up in US Dollars at any Access Bank branch nationwide, or as direct transfer into their Access Bank USD domiciliary account.


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Read this also: how to get Zenith Bank domiciliary account form (step by step guides).

Abdulrazaq Yahaya

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