When sending money across borders, exchange rates and transfer options play a crucial role in deciding how and when to send funds. If you frequently send money from the UK to Nigeria, knowing how to convert Pounds to Naira easily can save you time and money. The Taptap Send app offers a simple and convenient way to convert Pounds to Naira using its NGN wallet feature.

The NGN wallet allows you to convert your Pounds into Naira and store the funds securely in your wallet. You can then choose to send the money instantly or at a later time. This flexibility makes it easier to lock in favourable exchange rates and send money when it’s most convenient for you or your recipient.

Overview of Taptap Send and the NGN Wallet Feature

Taptap Send is a user-friendly app designed to make cross-border money transfers fast, easy, and affordable. It allows people living abroad to send money to friends and family in different countries, including Nigeria. One of its standout features is the NGN wallet, which simplifies currency conversion and transfers.

The NGN wallet is displayed on the main dashboard of the Taptap Send app, giving you an overview of your stored funds in Naira. This feature allows you to:

• Easily convert Pounds to Naira directly in the app.
• Lock in the current exchange rate to avoid fluctuations that might affect the value of your transfer.
• Store funds securely in Naira, ready to send later when it’s convenient for you or the recipient.

This wallet not only adds convenience but also helps users better manage their finances by keeping track of available funds and taking advantage of favorable exchange rates.

How to Convert Pounds to Naira Using the Taptap Send NGN Wallet

Follow these six step-by-step instructions to add funds to your NGN wallet:

1. Open the Taptap Send app and log in to your account.
2. On the main dashboard, locate the NGN wallet.
3. Tap the Add Funds button on the NGN wallet.
4. Enter the amount of Pounds you wish to convert to Naira and tap Continue.
5. The app will display the current exchange rate and show you the equivalent amount in Naira.
6. Use your default payment method to fund it or add a new Debit card details.
7. Review the details and confirm the transaction to add the converted funds to your NGN wallet.

Once the funds are added to your NGN wallet, you can store them safely and use them whenever you’re ready to send money to your recipient.

How to Send Money Later Using the Taptap NGN Wallet

With funds stored in your NGN wallet, you can easily send money later using these simple steps:

1. Open your Taptap Send app and log in.
2. On the main dashboard, enter the amount you want to send (in Pounds or Naira), then tap Next.
3. Choose your recipient from the list or tap the option at the top to add a new recipient.
4. Change the payment method by tapping the Change button, then select the NGN wallet as your payment method.
5. Review the transaction details to make sure everything is correct.
6. Once satisfied, tap Pay with Wallet to transfer the Naira from your NGN wallet to the recipient.

This method ensures you can send money from your stored Naira balance instead of debit/credit card, making transfers smooth and efficient.

Benefits of Converting Pounds to Naira Using Taptap Send’s NGN Wallet

Using the NGN wallet on the Taptap Send app offers several advantages. Here are the top four benefits:

1. Instant Conversion and Flexibility: You can convert Pounds to Naira instantly and store the funds in your NGN wallet. This gives you the flexibility to send money later, rather than immediately, based on your needs or the recipient’s availability.
2. Lock in Favorable Exchange Rates: By converting your money at the current exchange rate, you can lock in a favourable rate. This protects you from future currency fluctuations, ensuring that your transfer holds the maximum value.
3. Reduced Fees: Taptap Send offers competitive exchange rates, and its fees are integrated into the rate itself, making it cost-effective compared to other money transfer services. There are no additional fees when sending money from your NGN wallet.
4. Easy Access and Visibility: Funds in your NGN wallet are easy to access, and you can track your balance directly from the main dashboard. This gives you better control over your finances and visibility of the amount available for future transfers.

Taptap Send Fees and Exchange Rates

Here’s what you need to know about the fees and exchange rates when converting Pounds to Naira:

1. Exchange Rate Calculations: The exchange rate on Taptap Send is updated in real-time to reflect the current market value. When you convert Pounds to Naira, the app automatically shows you the exact rate and the equivalent amount in Naira before confirming your transaction.
2. No Additional Fees: Taptap Send does not charge extra fees for converting Pounds to Naira or for sending money from your NGN wallet. The app’s fees are built into the exchange rate, so you won’t encounter surprise charges or hidden costs during your transactions.
3. Competitive Rates: Taptap Send offers competitive exchange rates compared to traditional money transfer services. This makes it a cost-effective option for users who want to send money from the UK to Nigeria.

By offering fair rates with no hidden fees, Taptap Send ensures that you get the best value for your money when transferring funds to your NGN wallet or sending money to loved ones.

Taptap Send NGN Wallet Security

Taptap Send takes security seriously, ensuring that your funds and personal information are protected when using the NGN wallet. Here’s how the app keeps your transactions secure:

1. Encryption: All data and transactions within the Taptap Send app are encrypted, meaning your sensitive information—such as account details and transaction history—is protected from unauthorized access.
2. Secure Storage of Funds: Funds stored in your NGN wallet are kept securely within the app, ensuring they are safe until you’re ready to send them.
3. Fingerprint and Password Protection: Taptap Send offers options for additional security, such as fingerprint login alongside your regular password. This adds a biometric layer of protection to safeguard your account.

By implementing these measures, Taptap Send ensures that both your NGN wallet and your account remain secure, giving you peace of mind while managing your money.

FAQs

Summary

Taptap Send NGN wallet offers the convenient way to convert Pounds to Naira and send it any time instead of the usual instant transfer. This enable you to lock in favourable exchange rates and transfer to Nigeria later.

Here are two key points on using Taptap Send NG wallet to convert Pounds to Naira:

• The Taptap Send NGN Wallet allows you to convert Pounds to Naira and send it later to Nigeria.
• When ready to transfer money to Nigeria, enter the amount to send and use the NGN Wallet as the payment method.

If you found this guide helpful, please share it with others who might benefit from it.

unleash.com.ng is dedicated to providing valuable information on managing your finances. Keep an eye out for future articles on Taptap Send and other helpful financial topics!

If you have any questions or need further assistance, feel free to ask in the comments below or the Facebook page.