United Kingdom → Nigeria
UK→Nigeria is a rare incumbent success story: fintech competition — much of it already settling over stablecoins behind the scenes — has driven the surveyed average below 2%, among the cheapest major corridors surveyed. It shows what competition does to pricing everywhere else.
Incumbent average cost (Q3 2025, $200 send)
1.96%
On a $200 send
$3.92
Remittances received by Nigeria (2023)
~$19.5B
Incumbent average: World Bank Remittance Prices Worldwide, corridor average total cost for a $200 send, Q3 2025. Inflows: World Bank / KNOMAD estimates, 2023. Total remittance inflows to Nigeria from all corridors; Nigeria is Sub-Saharan Africa's largest recipient.
The on-chain leg on stablecoin rails, right now
| Chain | Est. fee / transfer | $1,000 (bps) | Typical finality | Score |
|---|---|---|---|---|
| Avalanche C-Chain | $0.000045 | 0.00045 | ~2 s | 71 |
| OP Mainnet | $0.00018 | 0.0018 | ~2 s* | 62 |
| Solana | $0.00050 | 0.0050 | ~13 s | 68 |
| Base | $0.00094 | 0.0094 | ~2 s* | 66 |
| Polygon PoS | $0.0016 | 0.017 | ~5 s | 58 |
| BNB Smart Chain | $0.0022 | 0.022 | ~3 s | 66 |
| Arbitrum One | $0.0032 | 0.032 | ~1 s* | 61 |
| Ethereum | $0.025 | 0.25 | ~13 min | 51 |
| Tron | $2.11 | 21.1 | ~1 min | 36 |
Last updated · live gas via public RPCs, prices via CoinGecko
Read this comparison honestly
The stablecoin figures above cover only the on-chain transfer. A real remittance on this corridor also needs an on-ramp (getting from United Kingdom currency into stablecoins) and an off-ramp (getting into Nigeria local currency in the recipient's hands), and both legs carry fees and FX spread that vary by provider and are not measured here. The incumbent figure, by contrast, is the World Bank's surveyed all-in cost — $3.92 on a $200 send, $19.60 at the same rate on $1,000. What the gap between the two numbers measures is the headroom: the margin available to anyone who can build cheap, compliant ramps around a transfer leg that costs a fraction of a percent (currently ~8.1 bps blended).