What is Banxa?
A faster way to receive money from abroad! 🌍
Banxa is a payment channel that allows your friends, family, or clients overseas to send money directly to your Sentz wallet in eUSD. It’s fast, reliable, and opens up more ways to receive payments from key regions.
What This Means for You in Nigeria 🇳🇬
Receiving money from abroad just got simpler and more reliable:
Get Paid Faster: With Banxa providing more ways for senders to fund transfers, your money (sent as eUSD) arrives directly into your Sentz wallet quickly.
More Opportunities: Easily receive payments from key regions like the UAE and Euro-using countries. This helps unlock more freelance jobs, business payments, and support from loved ones abroad.
Easier for Senders: Your contacts and clients in supported countries now have more convenient ways (including local bank options in Europe) to fund their wallets and send you payments in just a few taps.
Reliable Transfers: Stablecoin transfers via Sentz offer a secure and dependable way to receive funds compared to traditional methods. You can then easily withdraw as NGN.
Banxa Supported Regions:
Banxa is available in over 100 countries worldwide. We’re highlighting the following countries below, but please click this link for additional supported countries. [click here]
1. EUR: € / Europe
Austria, Belgium, Bulgaria, Croatia, the Republic of Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
2. AED: Dirham / UAE
Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.
How can I fund my wallet using Banxa?
To use Banxa, simply follow these easy steps:
Ensure you have the latest version of the Sentz app.
On the Homepage, click on “Deposit” -> “Using Local Currency”
Enter the amount you want to fund
Click on “Choose a payment method”
Click on “Banxa”
Review your funding order before clicking “Confirm.”
You’ll be forwarded to the Banxa payment page, where you’ll need to complete a KYC verification (Know Your Customer).
Note: Banxa requires some personal identification to complete your KYC, i.e phone number, date of birth & biometric selfie check.Once completed, you’ll be able to use the following methods to complete your funding:
EURBank Transfer via:
Sepa
iDEAL Transfer
Credit Card
WorldPay, Google Pay, Apple Pay
UAE
Credit Card
Where is funding via Banxa available?
Europe (EUR €):
Funding is available in the following countries:
Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
United Arab Emirates (AED د.إ):
Supported in:
Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah.
Can I withdraw using Banxa?
No—Banxa can currently be used only to add funds to your wallet, not for withdrawals.
How much can I fund/deposit via Banxa?
Your minimum and maximum transaction limits are determined by your region and the payment method you fund with. Here’s what it looks like:
EUR — Debit Card/Credit Card:
- Minimum amount: €20
- Maximum amount: €15,000
EUR — Bank Transfer
- Minimum amount: €46
- Maximum amount: €30,000
AED د.إ— Debit Card/Credit Card:
- Minimum amount: dh150
- Maximum amount: dh56,100
If you need more help using Banxa on the app, please feel free to contact our Support team. We'll be happy to help!