FINTECH

Steps To Make An International Money Transfer

Published

2 years ago

Steps To Make An International Money Transfer

The best approach to making an international bank transfer no longer involves using your bank because of new players on the market. Other conventional methods like sending cash, a check, or even a money order are unsafe and ineffective. Instead, many money transfer providers will provide a better rate than your bank with the same degree of protection, all from the comfort of your home. Learn how to send money internationally in only a few minutes.

What Is An International Money Transfer?

An international money transfer is a financial service that enables you to transfer money from your account to a recipient’s account that is situated in a different country. This can be used for personal and business needs, such as paying suppliers or sending money to loved ones.

Money transfers were formerly exclusively available through banks; however, today, you can start a bank transfer using a digital bank, a wallet, or a money transfer service. As a result, you have more choices than ever to think about when making quick and inexpensive international bank transfers.

How To Make An International Money Transfer

There are three (3) primary ways to make an international money transfer.

1. Online Bank Transfer

You can send money via an online transfer from your bank to the recipient’s bank. The mobile or internet banking platforms of most banks allow you to utilise their online transfer services. Go to the transfers section, create your transfer, and send the necessary amount. Your recipient’s bank information and a functional internet connection are all you need.

How To Make Online Bank Transfer

Visit your bank’s money transfer section

Verify your transfer limits

Enter your recipient’s bank details

Enter the amount and the currency

Pay the transfer fees

Wait for the confirmation and delivery of your transfer

Pros Of Online Bank Transfer

Convenient transfer via a bank you trust

Fast transfer between banks

Con Of Online Bank Transfer

You can lose money on fees and poor exchange rates

2. Online Money Transfer Services

There are financial services that specialise in local and international money transfers and frequently provide rates that are lower than those offered by your bank. Through these platforms, you can open an account online and send your money using a card or a bank transfer. Once your recipient’s information is provided, transactions can be made quickly.

In this instance, Fincra is one of the best platforms that enables you to make local and international transfers as an individual and business. Our money transfer is easy, fast, and secure at a relatively low transfer fee.

How To Transfer Money With Online Transfer Services

Create an account with your preferred platform and verify your account

Log into your account to own virtual accounts in GBP, USD, EUR, and NGN

Enter the details of who you are sending money to in any part of the world

Choose the option of payment. Here, you can use the virtual credit card that has already been preloaded with money to make the transfer

Pros Of Online Transfer Services

Fast transaction

Cheap transfer fees

Convenient to use

Cons Of Online Transfer Services

Risk of data privacy

Loss of funds to untrusted transfer platforms

3. In-Person Bank Transfer

This may be the least convenient choice, but it is still a choice because it requires physically visiting the bank to send your money abroad. If you don’t feel confident conducting business online or if you’d want some extra assistance while sending money abroad, you might choose this option.

How To Make In-Person Bank Transfer

Start the transaction by requesting an international money transfer from your teller

Provide the required documents to verify your identification

Confirm every detail with the teller

Pay for your transfer using your bank account balance or cash

Get a receipt as proof of payment

Pro Of In-Person Bank Transfer

Prompt assistance to help with the completion of your transfer at the bank

Con Of In-Person Bank Transfer

Money transfer is possible during banking hours while often paying higher in-person fees.

Factors To Consider Before Choosing An International Money Transfer Option

1. Exchange Rates

A transfer will be more cost-effective and better the exchange rate. Look for a method and provider that consistently delivers competitive exchange rates, but keep in mind that there can also be higher transfer fees associated with it.

2. Transaction Fees

It makes sense to examine the transfer fees among providers because fees vary. Some online transfer services forgo their costs when you send significant sums as large as $10,000.

3. Availability Of Transfer Destination

Check to determine if the recipient country is supported by the money transfer service you choose, as well as if you can send money in the desired currency.

4. Reliable Customer Support

If you need assistance with a transfer or have an issue, search for a provider that gives customer support via phone, email, live chat, or FAQs.

5. Transfer Options

Regarding locking in the desired exchange rate, some providers only offer one-time transfers, while others let you set forward contracts and limit orders.

Conclusion

Money can be transferred from your financial institution in many different ways. Which choice is best for you may depend on how much money you want to share and where you live. Be mindful of prices, fees, and other unstated expenses to get the most excellent bargain. Transferring money from a bank account can be straightforward, but you should always surf around to obtain the best deal.

Fincra is the best platform to use if you want to send and receive international payments as we have a cross-border payment system that API enables you to make every transaction on Fincra fast and seamless.

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BANKING

Network International appointed as Payment Processing Partner by MTN Group Fintech

Published

2 months ago

Christopher

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration. Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.

About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

BANKING

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Published

2 months ago

Christopher

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

Bitcoin

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

Published

3 months ago

Christopher

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

Core Features of Next-Gen Trade:

Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

Discover More

Learn about IUX’s advanced trading solutions: Visit IUX

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.