FXKudi Review 2024: Is it reliable? Find out!

FXKudi is a fintech company based in Ghana with a goal to provide Africans with seamless access to cross-border money transfers, as well as to offer payment freedom and empower businesses throughout the continent.

Since its launch in February 2020, FXKudi has facilitated thousands of successful transactions for consumers sending and receiving money internationally. They have also expanded their offerings to include other products such as consumer card issuance and a merchant application for Ghanaian businesses, providing them with efficient payment solutions.

In this article, we will be making a review of FXKudi. What it is, how they work, and other vital information.

Table of Contents

What is FXKud

As a leading fintech company, FXKudi has been instrumental in revolutionizing the African financial market by facilitating seamless cross-border transactions and enabling people to send and receive money from their loved ones. One of their standout offerings is their virtual dollar card, which allows users to conduct online transactions in foreign currencies with ease.

How does FXKudi work?

While headquartered in Ghana, the company has a strong presence in Nigeria and has earned a reputation for its affordability and user-friendly services. They are also offering borderless money transfer services, FXKudi provides a prepaid virtual dollar card that can be used to make purchases on popular online platforms like e-commerce websites, online marketplaces, and digital service providers including Amazon, Netflix, Walmart, Apple Music, Google services, among others, as stated on their official blog post.

How to get started with FXKudi

1. Download TheApp

FXKudi’s app is easily accessible to both Android and iPhone users. Simply visit the money transfer page to learn more about the service and view all relevant details. Clicking on the app logo for either Android or iPhone will take you directly to the app store to download the app instantly. Alternatively, Android users can download the app directly by clicking here, while iPhone users can do so by clicking here.

2. Sign up for an account & Verify Identity.

To register an account at FXKudi, it’s essential that you provide accurate information such as your email and phone number. It’s also crucial to verify your account before initiating transactions. As part of the Know Your Customer (KYC) process, you’ll need to provide a form of identification, such as an international passport, as well as your date of birth. Once these steps are completed, you can easily log in to your account and start conducting transactions with ease. It’s as simple as that!

3. Start Sending and Receiving Money

Once your account is set up, you can easily navigate to your dashboard and begin sending money. Suppose you want to transfer funds from Nigeria to countries like Ghana, South Africa, and beyond. In that case, all you need to do is input the recipient’s bank account details and hit the send button after selecting their country. It’s as simple as that! With FXKudi, money transfers are fast and straightforward, making the process hassle-free. So, don’t wait any longer; download the app, sign up, verify your account, and start sending money today. That’s all there is to it!

FXkudi List of Products and Services

Send & Receive Cash
Virtual Dollar Card
Virtual Wallet
Pay Bills
Kudi Hero
Buy Airtime
Agency Program
FXKudi for Business

Features of using FXKudi Virtual Dollar Card

1. Low Fees

The FXKudi virtual dollar card is known for its low fees, with the company charging a nominal flat fee of $1.5 for card issuance, one of the lowest in the industry. Unlike many competitors, FXKudi does not impose any maintenance or monthly fees, making it an appealing option for those looking to save on costs.

2. Multiple Currency Support

FXKudi’s support for multiple currencies, such as USD, EUR, and GBP, makes it a versatile option for users who need to transact in different currencies. This feature allows users to seamlessly conduct transactions in the currency of their choice without the need for complicated conversions or additional fees.

3. Instant Funding

FXKudi offers a convenient way for users to fund their virtual dollar cards instantly using their local debit cards and bank transfers, all through a single wallet within the app. This feature eliminates the need for users to manage multiple accounts and enables them to easily top-up their virtual dollar card and conduct transactions without any delay.

4. Security

FXKudi takes the security of its users’ transactions seriously and has implemented several measures to ensure the safety of its platform. These measures include the use of 3D secure authentication, which provides an additional layer of security to transactions by requiring users to input a unique code sent to their mobile device or email address. FXKudi has recently upgraded its 2D secure authentication to 3D secure, ensuring that its users’ transactions are even more secure than before.

5. Accessibility

FXKudi is a convenient option for people across Africa who need to transact in foreign currencies. The platform is accessible to users across the continent, allowing them to easily and securely send and receive money in different currencies, without the need for traditional banking infrastructure. FXKudi’s availability and accessibility across Africa have made it a popular choice for individuals, businesses, and organizations looking for reliable and efficient cross-border payment solutions.

How to make a withdrawal with your FXKudi card

Navigate to FXKudi Card, and then click on your card to see your card details.
Click on “Withdraw”
Enter the amount to withdraw (Note that the withdrawal amount must be less than the available balance on the card).
Select which currency you want to withdraw your money on. Either Naira or Cedis, the equivalence will be shown to you immediately. Proceed to click “withdraw”.
Set up receiving account, and “complete withdrawal”.
Receive your money.

Yes!, it’s that simple. We made it easy for you to have complete control over your money. While having control over your money, we ensure that everything you do is safely done within the FXKudi app.

What to do on your FXkudi wallet

1. Receive money

Receiving money from others while you are abroad and don’t have a bank account in Nigeria or your account has become inactive can be a difficult task. To reactivate your dormant account, you would have to fill out forms at a bank, which can be a hassle, especially when you need the money urgently. Fortunately, we have a simple solution to this problem.

With an FXKudi wallet, you can receive Naira directly into your wallet just like you would with a traditional bank account. Simply provide your unique FXKudi wallet number (which functions as your bank account number) and other necessary details to the sender. The sender can then use any available money transfer method in Nigeria or walk into any bank to send the money. You’ll receive a notification once the funds have been credited to your wallet.

Receiving money into your FXKudi wallet is a three-step process. All you need to do is copy your wallet details and share them with the sender. The rest is taken care of by FXKudi, and you’ll be notified when the funds arrive.

2. Send money locally

Receiving money is a simple process, but sending money is even simpler. Once you have received money, it’s natural to want to use it for payments or transfers. This means that you would need to send money from your account to another recipient, which is an easy process.

Here’s how it works: Sending money locally with FXKudi involves transferring funds from your FXKudi wallet to another local bank account in Nigerian naira. Simply open the FXKudi app, navigate to your wallet, and send the funds to the recipient. There are no delays in the process. Just provide the recipient’s bank details and tap “send.” It’s that easy!

3. Send money across the border

We recognize that sending money locally is often insufficient, as there may be a need to send money to friends, suppliers, colleagues, or family members who reside outside your country. To address this need, we have integrated a cross-border functionality into the FXKudi wallet, making it easy for you to send money across borders in a convenient manner.

The wallet includes an inbuilt exchange rate calculator to inform you of the current exchange rate before sending the money. This feature has proven helpful to thousands of their users looking to connect with their loved ones living abroad. To fully benefit from the all-in-one features of the FXKudi wallet, simply verify your account and start using it to its fullest potential.

4. Monitor spending habit

Keeping track of your financial transactions is just as important as receiving, sending, or spending money. With the FXKudi wallet, we make it easy to track your spending habits with our spending habit tracker. This feature allows you to monitor your personal finances daily, weekly, or monthly, empowering you to make informed financial decisions. In addition, our support team is always available to assist you whenever you need it. Your account manager is just a call or email away, and you can easily reach them directly from the app. Remember, at FXKudi, we are committed to providing you with a complete and convenient financial experience.

Is FXKudi legit, trusted & reliable?

FXKudi is a financial service provider that has implemented various security features to ensure the safety of its users’ transactions. They are also licensed by the Central Bank of Nigeria and have been operating for several years.

Based on these factors, FXKudi can be considered a reliable platform for sending and receiving money in Nigeria and across borders. However, as with any financial service, it is important to always exercise caution and ensure that you follow best practices for online security to protect your funds.