Grey vs. Afriex: Modern solutions for EUR to NGN transfers

Searching for the best way to send money to Nigeria? Then, compare Grey to Afriex with us and decide which service suits you more by the end of the article. We’ll contrast rates, fees, transfer options, reviews and beyond.

Afriex vs Grey money transfers: Official euro to naira offers

Grey and Afriex are two totally different companies. Afriex’s main focus is transfers, while Grey is designed as a neobank for freelancers and digital nomads. Your experience with each of them will not be nearly the same.  

Afriex vs Grey international money transfers: 

This is what companies say about themselves. But does it match the reality? Let’s explore honest reviews from Trustpilot.

More to compare: Remitly vs LemFi, which one is better for Nigerians in Europe?

Grey vs Afriex money transfers: Customer reviews

Grey: 3.7/5 score

Pros:

• Excellent virtual cards: Customers admit that virtual cards work flawlessly for international subscriptions, Apple Pay, and linking to PayPal.

• Smooth multi-currency management: Customers can easily swap between USD, EUR, and GBP accounts. This option is especially valued by freelancers and digital nomads.

• Swift conversions: If the app works well and accounts are not restricted, converting foreign currency to naira is fast

Cons:

• High costs: Reviewers frequently complain about unreasonable rates (including euro to naira) and unfavourable cross-border fees.

• Third-party ban for NGN transfers: Nigerian customers are frustrated that they cannot receive payments from family and friends’ accounts if the names do not match their own.

• Payment reversals: People report facing delays and business-related problems because Grey frequently rejects and reverses incoming international payments.

Afriex: 3.7/5 score

Pros:

• Fast: Reviewers repeatedly highlight that money is delivered in seconds without delays.

• Ease of use: The Afriex app for money transfers is praised for its intuitive, user-friendly design and seamless navigation.

• Reliability: Long-term customers trust the platform for consistent delivery to family and friends.

Cons:

• Unstable rate: Customers complain that exchange rates are lower than those of competitors. The worst part is that it can change during the transfer, so recipients end up getting less than expected. It feels like a hidden charge despite the transparency promises.

• Trapped funds & KYC: Some users report severe frustration with funds being held for weeks due to slow verification processes or sudden account restrictions.

• Support inconsistencies: While some praise customer service, others report that support agents can be unhelpful or unresponsive when money gets stuck.

Tips: How to send money to Nigeria without bank delays.

Stress-free alternative: Profee

If you simply need to send money to Nigeria without stressing over accounts, hidden charges and the recipient’s comfort, Profee is here to help. Let us tell you more about our service:

Beneficial rates

Current EUR to NGN exchange rate is EUR 1 = NGN 1,609.45 (as of March 3rd, 2026), clearly better than those of Afriex and Grey.

Flexible methods

You can send both NGN and USD and pay for a transfer via bank accounts, cards, Apple Pay, Google Pay, some regional methods (Klarna, Volt, and others), and the Profee wallet. 

To send via a bank account, enter the bank name, your full name and IBAN. Via cards – card number, expiration date and CVV/CVC code. Other methods don’t require any extra details. 

Process that becomes a part of your routine

We keep our transfer process as simple as possible. Some customers manage to send funds while watching their favourite TV programmes – without being disturbed. The interface is clear, and the transfer steps are intuitive. You'll know exactly what and where to write. 

Customer trust

Profee is rated 4.3/5 on Trustpilot, with over 800,000 already using our service. 

Safety

Our service is officially registered in Europe and acts legally. We also hold PCI DSS Level 1 Certification, which confirms that your money and data are fully protected. Profee's security system makes sure every transfer reaches its recipient smoothly.

FAQ – Euro to naira transfers

How much is 1 euro to a naira today?

To check the current euro to Nigerian naira rate, go to Profee’s currency exchange page or open our app. We display up-to-date values. 

How long does a transfer take?

Depends on your service, transfer options and banks. Some transfers are instant, others take more time.

Can someone send money from abroad to Nigeria?

Yes, you can easily send money to friends, family, and for personal needs in Nigeria.

Can you send US Dollars to Nigeria?

Yes, you can send USD to Nigeria with Profee.

Extra readings: EUR-NGN or EUR-USD? Get cross-currency transfer tips from fintech experts.

How can I send money to Nigeria with Profee?

1. Join Profee.

2. Enter the transfer amount. 

3. Select your payment method.

4. Add the recipient’s details.

5. Double-check and confirm.