Monieworld
This platform provides a comparison of remittance services for users looking to send money across borders. It aims to help individuals find suitable options based on fees, speed, and reliability.
- Compare multiple remittance services
- Access user reviews and ratings
- Filter options by fees and speed
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Quality Indicators
Overall score: 3.61 / 5
Exchange Rate Performance
| Corridor | Rate | Mid-Market | vs Mid | Updated |
|---|---|---|---|---|
| United Kingdom → Nigeria | 1 GBP = 1,805.00 NGN | 1 GBP = 1,777.42 NGN | -1.55% | 10/19/2026 |
Latest News
MonieWorld is closing its remittance service, prompting customers who send money from the UK to Nigeria to look for new providers. The article responds to this gap by reviewing five alternative platforms, weighing their currency rates, charges, transfer times, and extra features to help users pick a replacement.
For consumers: if you relied on MonieWorld to send funds from the UK to Nigeria, you'll need to switch providers soon, and comparing rates and fees now can help you avoid losing money on your next transfer.
Monieworld
Moniepoint's remittance arm, MonieWorld, has ceased operations despite reportedly growing its transaction volumes, illustrating how difficult it is for African fintech firms to sustain a foothold in the UK market. The closure points to steep operating costs and intense competition from established money transfer players, which can outweigh the benefits of revenue growth alone. This case serves as a broader signal that scaling remittance services abroad requires more than customer traction—it demands a viable cost structure.
For consumers: if you relied on or were considering MonieWorld for sending money between the UK and Africa, you'll need to find an alternative remittance provider going forward.
MoniepointMoniepoint is shutting down MonieWorld, its London-based money transfer service, just months after launching it in April 2025. The company says it wants to concentrate its funding and staff on its main business platform serving companies across Africa instead of running a separate consumer remittance product. This move suggests Moniepoint is narrowing its focus rather than expanding into new international consumer markets.
For consumers: anyone who signed up to send money through MonieWorld should expect the service to be discontinued and will need to find an alternative remittance provider.