How to Send Money from Nigeria to China Using WeChat Pay.
In today's digital world, the financial ties between Nigeria and China have grown stronger.
Whether you're a Nigerian entrepreneur sourcing products from Guangzhou, a student paying tuition fees, or someone supporting family abroad, knowing the most efficient ways to transfer money to China is necessary. One of the most efficient methods available today is using WeChat Pay through platforms like AfriChange.
Read also: How To Send Money From Nigeria To China With AfriChange.
The Nigeria-China Financial Corridor.
- In 2024, the trade volume between Nigeria and China exceeded $20 billion, cutting across sectors like electronics, textiles, machinery, and education.
- Nigeria's imports from China were substantial, reaching ₦14.15 trillion in 2024, more than double the ₦6.6 trillion recorded in 2023.
- The number of Nigerian students studying in Chinese universities has exceeded 5,000 in recent years. These students likely contribute to the financial flows through tuition fees and living expenses.
What is WeChat and What is It Used For?
WeChat launched in 2011 and developed by Tencent, is more than just a messaging app. Often dubbed as China's ‘super app,’ WeChat integrates messaging, social media, and financial services into one platform.
WeChat in Numbers:
- As of Q2 2024, WeChat boasted of nearly 1.4 billion monthly active users worldwide, with over 1 billion users in China alone.
- Approximately 940 million people used mobile payments in China by mid-2023, with WeChat Pay being China's second-most popular digital payment method.
Types of Calls on WeChat:
- WeChat Voice Call (VoIP)
You can make voice calls to your WeChat contacts using mobile data or Wi-Fi, similar to WhatsApp or Messenger. - WeChat Video Call
You can also make video calls within the app.
Important Limitations:
- You can’t use WeChat to call traditional phone numbers (e.g., landlines or mobile numbers outside the app).
- Both you and the recipient need to be connected to the internet and must have WeChat installed.
- Some features, like international calls via Tencent’s WeChat Out (formerly available in certain regions), are limited or discontinued depending on the country and version.
Why Use WeChat Pay for Transfers to China?
- Ubiquity: WeChat Pay is accepted by a majority of merchants, institutions, and service providers across China.
- Efficiency: Transactions are processed swiftly, often in real-time, ensuring timely payments.
- Convenience: For recipients, funds received via WeChat Pay can be used instantly for various services, from shopping to bill payments.
How To Send Money From Nigeria to China Via WeChat Pay
AfriChange simplifies the process of sending money from Nigeria to China. Here's a step-by-step guide:
1. Initiate a New Transaction:
- Log in to your AfriChange account.
- Navigate to 'Send Money.'
- Select 'China' as the destination country.
- Enter the amount in Naira you wish to send.
- In the 'Pay To' section, choose 'WeChat Pay.'
- Specify the purpose of the payment (e.g., tuition, business, personal support).
- Click 'Continue' to proceed.
2. Add or Select Recipient:
- Click on 'Add Recipient.'
- Choose 'China' as the receiving country.
- Input the recipient's WeChat ID and full name.
- Save the recipient's details for future transactions.
- Select the saved recipient to proceed.
- Review all recipient details for accuracy.
3. Confirm and Authorize Payment:
- Double-check the transaction details, including the amount and recipient information.
- Enter your AfriChange PIN to authorize the transaction.
- Click on 'View Receipt' to view all the payment details.
Transfers to WeChat Pay via AfriChange are typically processed within minutes. AfriChange offers competitive exchange rates with transparent fee structures &advisable to check the current rates and fees on the AfriChange platform before initiating a transaction.
You can also join our WhatsApp community here for real-time updates.
Wrapping Up...
As financial interactions between Nigeria and China continue to flourish, leveraging platforms like AfriChange to send money through WeChat Pay offers a streamlined, efficient, and secure method for cross-border money transfers.