Ria Money Transfer — review & details
One of the world's largest remittance networks, sending to Nigeria with both bank deposit and cash pickup — its Nigeria page cites over 4,000 partner pickup locations. A solid option where the recipient prefers collecting cash.
Big cash-pickup network
Ria Money Transfer
★★★★☆
US and other Ria sending markets into Nigeria (inbound)
Corridors
Ria says transfers can be ready in minutes when funded by card; bank-funded transfers take days
Speed
Long-established licensed money transmitter (Euronet group) in its sending markets
Licence/ Registration
Recipients who want cash pickup rather than a bank deposit
Best For
Traditional remittance network
Type
Pros
- Cash pickup across a large Nigerian agent network (4,000+ locations per Ria's Nigeria page)
- Bank deposits to major Nigerian banks including First Bank, Access, UBA and GTBank
- Decades-old, heavily regulated operator with promotional pricing for first transfers
Cons
- Funding by bank account is slow (several business days per Ria's own page)
- Exchange-rate margin varies by corridor and payment method — the headline fee is not the whole cost
- Web experience is more dated than the newer Africa-focused apps
Fees, eligibility & documents
Fees
Transfer costFee plus an exchange-rate margin that changes with how you pay; compare the delivered naira amount against the app-based rivals before sending
Eligibility
- Sender in a Ria-supported sending country
- Recipient with valid photo ID for cash pickup, or a Nigerian bank account for deposit
Documents needed
- Sender government ID for registration and larger transfers
- Recipient photo ID matching the transfer name for cash collection
How Ria Money Transfer compares in money transfer & remittance
| Ria Money Transfer | LemFi | Sendwave | |
|---|---|---|---|
| Corridors | US and other Ria sending markets into Nigeria (inbound) | — | — |
| Speed | Ria says transfers can be ready in minutes when funded by card; bank-funded transfers take days | Minutes to same day | Minutes to same day |
| Licence/ Registration | Long-established licensed money transmitter (Euronet group) in its sending markets | — | — |
| Best For | Recipients who want cash pickup rather than a bank deposit | Lowest all-in cost | Simple mobile transfers |
| Visit Ria → | Visit LemFi → | Visit Sendwave → |
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