Every money transfer company has upfront fees or exchange rate costs that you have to pay to send money abroad. If you send money to Nigeria from the US, you know that there may be high commission percentages and some hidden costs.

Did you know that if you send 1,000 dollars from the US to Nigeria via other services, you will pay 97 dollars in hidden conversion costs? which is almost close to 10%. The good news is that you can limit the losses from money transfers by using Korapay

Korapay is a new kind of financial company that specializes in smaller transactions for which you pay a low, upfront fee between 0.5% and 2%, depending on the route. Korapay system is based on local bank account transfers, which makes them much cheaper compared to other providers and banks. Very convenient for sending and receiving on a debit card and withdraw from an ATM.