Fastest and Safest Ways to Transfer Money Internationally for Nigerians in Australia  

For Nigerians living in Australia, sending money home is not just about finances; it’s about supporting family, paying school fees, covering medical expenses, and contributing to communities back home. According to the World Bank, Nigeria received $20.5 billion in remittances in 2023, making it one of the top 10 remittance-receiving countries globally.

Yet, despite the large volume of money being sent, immigrants often face steep costs, poor exchange rates, and slow transaction times. Let’s explore the challenges Nigerians face when transferring money and why Sharperly is the fastest and safest solution.

Challenges Nigerians in Australia Face with International Money Transfers  

1. High Transaction Fees  

• The World Bank Remittance Prices Worldwide (2023) report shows that sending money to Sub-Saharan Africa is the most expensive globally, with an average cost of 8.5% per $200 sent.
• This means if you send $200 AUD, your family may lose over $17 AUD in fees alone.

2. Unfavorable Exchange Rates  

• Many remittance companies and banks offer exchange rates far below market value.
• A 2022 Central Bank of Nigeria report highlighted that exchange rate losses account for up to 10–15% of the value immigrants try to send home.

3. Slow Delivery Times  

• Traditional bank transfers to Nigeria take 2–5 business days on average.
• In emergencies, these delays create stress when families urgently need money for healthcare, education, or food.

4. Limited Financial Access in Nigeria  

• According to EFInA (Enhancing Financial Innovation & Access) 2023, about 45% of Nigerians remain unbanked.
• This means millions rely on mobile wallets or cash pickups, yet many transfer services don’t fully support these options.

5. Security and Fraud Risks  

• The Nigeria Deposit Insurance Corporation (NDIC, 2022) reported that financial fraud in Nigeria increased by 89% year-on-year, making security a top concern for senders and recipients.
• Many immigrants in Australia avoid unverified middlemen for fear of losing their hard-earned money.

Why Sharperly is the Best Solution  

Sharperly.com was created by immigrants who personally experienced these challenges. Its mission is to provide Nigerians in Australia with a faster, safer, and more affordable way to transfer money internationally.

What Makes Sharperly Different  

• Instant Transfers – Money arrives within minutes, not days.
• Low Fees – Transparent and affordable, avoiding the global average of 8.5%.
• Best Exchange Rates – More value for every dollar sent.
• Secure & Regulated – Registered with AUSTRAC in Australia and licensed by the Central Bank of Nigeria (CBN) as an IMTO.
• Flexible Options – Send money to bank accounts, mobile wallets, or for cash pickup.

Final Thoughts  

For Nigerians in Australia, the challenges of international money transfers high fees, poor exchange rates, slow transactions, limited financial access, and fraud risks make remittances stressful and costly.

By choosing Sharperly, you get a platform designed to solve these problems with instant transfers, competitive exchange rates, lower fees, and full regulatory compliance.If you want peace of mind knowing your money will reach Nigeria quickly, safely, and at the best value, Sharperly is the fastest and safest way to send money internationally.