Sendwave — review & details
A mobile-first remittance app with no flat fee and a competitive exchange rate on the Nigeria corridor. CBN-licensed IMTO; recipients are paid in naira.
Best for mobile
Sendwave
★★★★☆
No flat fee
Transfer Fee
Competitive margin
Exchange Rate
Naira to bank/wallet
Payout
Minutes to same day
Speed
CBN-licensed IMTO
Licence
Simple mobile transfers
Best For
inbound
Direction
Pros
- No flat fee; competitive exchange rate
- Very simple, mobile-first app
- CBN-licensed IMTO
Cons
- Fewer send countries than the global players
- FX margin applies — compare all-in
- App-only
Fees, eligibility & documents
Fees
Transfer feeNo flat fee
Exchange rateCompetitive margin
PayoutNaira to bank/wallet
Eligibility
- Sending from a country the operator supports
- Sender ID verification (KYC)
- Recipient's Nigerian bank or wallet details
Documents needed
- Sender ID (KYC)
- Recipient account/wallet details
- A payment method in the send country
Want the full picture?
Read the full Sendwave review →
How Sendwave compares in money transfer & remittance
| Sendwave | LemFi | Wise | |
|---|---|---|---|
| Transfer Fee | No flat fee | Usually zero | — |
| Exchange Rate | Competitive margin | Tight margin (≈0.5–2%) | — |
| Payout | Naira to bank/wallet | Naira to bank/wallet | — |
| Speed | Minutes to same day | Minutes to same day | Wise states most transfers arrive within a day, many far faster |
| Licence | CBN-licensed IMTO | CBN-licensed IMTO | — |
| Best For | Simple mobile transfers | Lowest all-in cost | Cost-conscious senders who want the transparent mid-market rate |
| Visit Sendwave → | Visit LemFi → | Visit Wise → |
← Compare all money transfer & remittance
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