PayLid.com, the fastest growing online money transferÂ service to Africa, has announced the launch of money transfer service to Nigeria, Africaâ€™s biggest market.
Consumers can now send money cost-effectively to any bank in Nigeria and the money is deposited directly into the receiverâ€™s account, making it convenient and safe for the receiver to get the money, without waiting in line or bearing the risk of having the money intercepted by agents.
â€œPayLid.com provides customers with a way to send money online to friends and family in Nigeria, that is faster, cheaper, safer and more convenient than traditional bank wires and Western Union/Moneygram services.
According to Mr. Banji Oladeji, Chief Strategy Officer, PayLid.com â€œWith PayLid.com, consumers can now send money to any bank account in Nigeria without the hassle of waiting in line at the bank or at agent locations.
â€œOur system will change how money is sent to Africa and save our customers both their hard-earned cash and time while affording safety for recipients who previously hadÂ to wait in line atÂ banksÂ to collect remitted money.
â€œWe have partnered with Verisign, the worldwide leader in internet security and with various payment processors to enable person to person money transfer services across Africa.
â€œOur goal at PayLid is to enable seamless cross border person to person payments to, from and within Africa and use that to drive trade and ecommerce and economic growth within the continent.
â€œWith the current money transfer market dominated by lack of innovation and high fees, PayLid.com offers a significantly lower fee as low as $5 to Nigeria and technology driven solutions and features that offer clear benefits and provide compelling alternatives to consumers.
â€œSending money with PayLid.com to any bank account in Nigeria is simple. Consumers simply go to PayLidâ€™s secure website atÂ www.paylid.com, sign up, enter sender information, recipient information including bank account details, and the amount to wire.
To fund the transaction, consumers can use credit/debit cards or a bank account. Delivery into the recipientâ€™s address is near instant.
In Africa, PayLid.com also offers online money transfer services to Senegal, Benin, Cameroun and 15 other countries.
PayLid also provides direct airtime top-up services, ecommerce and bill payment services to Nigeria and will shortly launch mobile remittance platform. PayLid also enables donations to communities, State Governments and NGOs from residents in Diaspora.