In the past, sending money was stressful as it required you to leave the comfort of your home to your bank to transfer money to your friends, family, or colleague.
Let’s imagine some parents living in the hinterlands where there is no bank in their locality, but the need to send money for their children’s tuition fee schooling in the city arises. This means they must travel kilometres from the rural settlement to the nearest urban center to access banking services.
You can remember that sometimes it may take hours or even days before the receiver gets the money in his account. Yes, the process back then was strenuous, but it left us with only one option besides to go through it.
However, the paradigm shift to technological sophistication in making money transfers fast, simple, and convenient has challenged the status quo such that sending money today can be likened to sending an SMS from your phone to friends and family. It is that easy!
Digital technologies have simplified our banking experience so you can transfer money at your convenience, anytime or any day. Also, do not forget that you can schedule your payments and bill your bills using your phone.
It is noteworthy that this innovation in money transfer is made possible by some tech companies that avail themselves to make life easier for all and sundry that want to send money to people in and outside Nigeria.
What are the Top Tech Companies in Nigeria?
1. Mintyn Bank
Mintyn is a Nigerian digital bank founded in 2020 to simplify personal and business finance management through technology. Users can save, invest, make payments, and manage business transactions directly from the app.
Perks of Mintyn Bank
- Open individual or corporate accounts within minutes
- Pay bills and split payments with friends or family
- Invest with fixed return opportunities
- Access physical and virtual cards
- Block cards instantly in case of theft
- Register your business with CAC directly on the app
- Shop for groceries and products through the Mintyn Marketplace
2. Fincra
Fincra is a payment solution platform that helps businesses send and receive local and international payments securely.
Perks of Fincra
- Supports payment gateways for businesses and fintechs
- Receive payments in pounds, euros, and naira
- Strong security and data encryption systems
- Supports mass payouts through APIs
3. Leatherback
Leatherback is a cross-border payment platform that enables users to send and receive money internationally at competitive rates.
Perks of Leatherback
- Create personal or business accounts
- Hold funds in multiple currencies
- Access virtual cards for online transactions
- Create invoices for business payments
4. Flutterwave
Flutterwave provides payment solutions for businesses across Africa and beyond. It was founded in 2016 by Olugbenga Agboola and Iyinoluwa Aboyeji.
Perks of Flutterwave
- Accept payments through websites or payment links
- Create virtual cards with Barter by Flutterwave
- Build online stores and receive payments directly
- Operates across multiple African and international markets
5. Paystack
Paystack is a digital payment company founded in 2015 by Shola Akinlade and Ezra Olubi. The company helps businesses accept online payments easily.
Perks of Paystack
- Create payment links without a website
- Strong fraud detection and security systems
- Easy business account setup
- Supports online payments for small and medium-sized businesses.
Conclusion
The financial industry is revolving and evolving. Therefore, these few best tech companies make life more accessible for people to send money. It is essential to study these companies to infer the appropriate platform for you.
But Mintyn Bank is your best platform to send, receive, and invest your money for a healthy financial lifestyle while you also pay your bills and access its marketplace for your groceries.