Who's Leading CAD to NGN Today?
Velo Remit currently delivers the highest normalized payout for this corridor. On a CAD 500 transfer, the leading payout is approximately NGN 484,050, about NGN 31,258 more than the lowest-ranked eligible provider. Seven eligible providers were compared. Data checked about 1 minute ago.
Compare all 7 eligible CAD to NGN providers
CAD to NGN Provider Ranking
Velo Remit and Quick Collects are running almost neck-and-neck, within 0.5% of each other. At the other end, Wise, Instarem, and Western Union trail by 2.5%–6.9%, a gap that adds up quickly on regular transfers. Corridors with the widest spreads today — CAD/NGN and GBP/JMD — offer the most to gain from comparison.
| # | Provider | Effective Rate (per 1 CAD) | Recipient Gets (CAD 500) | Gap vs Leader |
|---|---|---|---|---|
| 1 | Velo Remit | 968.1 | 484,050 | — |
| 2 | Quick Collects | 967 | 483,500 | -0.11% |
| 3 | Lemfi | 962 | 481,000 | -0.63% |
| 4 | PayAngel | 960 | 480,000 | -0.84% |
| 5 | Wise | 944.6289 | 472,314 | -2.48% |
| 6 | Instarem | 936.3334 | 468,167 | -3.39% |
| 7 | Western Union | 905.5843 | 452,792 | -6.90% |
Should you compare providers now? Yes. A 6.9% gap between the best and worst provider on CAD/NGN is substantial. Differences this large are equivalent to a hidden fee of more than 5% on the transaction. On a CAD 500 transfer, the difference is approximately NGN 31,258. On a CAD 1,000 transfer, it is approximately NGN 62,516.
How Does Competition Compare Across Other Corridors?
| Corridor | Leader Today | Rate (per 1 source) | Providers | Best-to-Worst Spread |
|---|---|---|---|---|
| CAD/NGN | Velo Remit | 968.1 | 7 | 6.9% |
| GBP/JMD | Western Union | 196.4985 | 2 | 5.8% |
| GBP/EUR | Quick Collects | 1.17 | 6 | 5.5% |
| USD/MXN | Instarem | 17.6995 | 3 | 5.1% |
| USD/NGN | Send App | 1,371.975 | 27 | 3.6% |
How has the provider ranking changed over time?
Velo Remit led 14 of 18 observed days over the last 30 days (78% leadership share). Its average normalized CAD 500 payout was about NGN 491,804. Today's payout is 1.58% below that 30-day average.
| Window | Days Observed | Velo Remit Leadership Share | Avg Payout (CAD 500) | Avg Spread vs Market |
|---|---|---|---|---|
| 7 days | 6 | 33% | 488,130 | 3.12% |
| 30 days | 18 | 78% | 491,804 | 3.26% |
| 90 days | 18 | 78% | 491,804 | 3.26% |
How this ranking works
Methodology: rankings compare normalized recipient payout for the same CAD 500 send amount. Only active providers with finite positive quotes are eligible. Quotes must be from the past two hours, and any quote more than 60 minutes older than the newest quote for that corridor is excluded. Pricing can change, so confirm the live payout before transferring.
Data quality — 7 eligible providers ranked on CAD/NGN | normalized send amount: CAD 500 | newest quote age: about 1 minute | ranking window: up to 2 hours