How to Send Money from Ghana to Nigeria With Yellow Pay

Finally, sending money from Ghana to Nigeria is now a reality. With an estimated population of over 32 million people, the country remains on course as a strong base for global payments.

Cross-border payments are an important source of external financing and a significant contributor to national income. Many families in Ghana rely on them to cover various expenses such as education, health, rent, housekeeping, and utilities. The Bank of Ghana says international payments help Ghana's economic well-being.

Whether you're sending money back home to support your family or sending money outside of Ghana for another reason, this article shows you the newest and cheapest most effective way to send money from Ghana to other African countries and vice versa.

The State Of Cross-Border Payments In Ghana Today

Ghana ranked as the 2nd largest recipient of international payments in Sub-Saharan Africa. Flows through official channels have increased from 117.6 million USD in 2007 to an estimated 3.8 billion USD in 2018, equating to 7.4% of GDP.

From entertainment to business and politics and banter on which country’s Jollof tastes better, Nigeria and Ghana have a rich potential and connection for economic collaboration and growth.

In 2020, Ghana exported $50 million worth of products to Nigeria, and more businesses could thrive among individuals with an effective way to make payments between the two countries. This is why a cheap way to send money across Africa is essential.

Yellow Pay: The Best Way To Send Money From Ghana Across Africa:

Yellow Pay is the new way to pay. The need to break through land barriers and foster African business birthed this fantastic product. It is powered by crypto and is another innovation by Yellow Card in making cryptocurrency a part of our everyday lives and simplifying crypto usage solutions.

Yellow Pay allows you to send money from Ghana to other African countries where Yellow Card exists without worrying about poor exchange and conversion rates. In other words, you can send Ghana cedis to a friend using Yellow Pay in Nigeria, and they will receive the equivalent in Naira instantly. At the same time, the platform runs it through crypto automatically. 

Read More: How Yellow Pay Works

How to Send Money From Ghana To Nigeria With Yellow Pay

To send money from Ghana to Nigeria on Yellow Pay, follow the simple guide below;

1. Login to your Yellow Card account.
2. On the homepage, select "Pay" and then “Send.”
3. Select the country code, enter the recipient's phone number, and tap “Check phone number."
   If the person isn’t a Yellow Card verified user, you can invite them to open a Yellow Card account. However, you can send them the money with their phone number. 
4. Enter the amount you would like to send. You will also see the amount they will receive in their local currency.
5. Select the reason for sending, then tap “Next” to continue.
6. Review the transaction details, then “confirm” if everything is in order. 
   We sent off your money! Your recipient will receive a text message that the amount has been reflected in their account immediately in Naira.

If the person you send the money to isn't a Yellow Card customer, they receive a notification to sign up and receive the money. The amount will be refunded to your account if they don’t sign up within seven days. 

How To Receive and Withdraw Money In Nigeria Using Yellow Pay

Yellow Pay allows you to also request money from your friends and family. You can easily request and receive money in Nigeria from across Africa. All you have to do is click on the “request” button, add the sender’s number, and the sender receives a message allowing them to send you money instantly. 

Here’s how to receive money with Yellow Pay:

1. Log in on Yellow Card. Sign up on the platform if you received money but are not a Yellow Card customer.  

NB: Sign up only with the registered number the sender used when setting up your account. Once you sign up and verify your account, you’ll see the amount reflected in your account in your local currency.

1. Withdraw to your bank account. 

You can withdraw your naira directly to your bank account with a few clicks.

• Click on Withdraw
• Indicate the amount you wish to withdraw
• Select the bank you would like to receive your money
• Enter your transaction pin and click find a match

1. That’s all! You’ll see the naira reflected in your bank account almost instantly.

Remember, the money in your account is yours, and you can choose to hold it in the account or withdraw it instantly at any time of your choice. 

Read Also: 10 Easy Ways To Make Money Online In Nigeria

Yellow Pay, The Cheapest Way To Send Money From Ghana To Nigeria

Beyond economic benefits, Yellow Pay will drive pan-African relationships between African countries and build more socio-cultural interaction. On the financial side, only time will tell how much Yellow Pay goes through business opportunities, spending sprees, and payments between Nigeria and Ghana. 

Yellow Card strives to make financial ease and access possible for Ghanaians, and launching Yellow Pay is a testament to that. 

Get Started With Yellow Pay

Disclaimer: Yellow Pay uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT. Yellow Pay is not a money remittance or foreign currency exchange service