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Africhange Technologies Limited has 1 locations, listed below.

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    Business ProfileforAfrichange Technologies Limited

    Money Transfers

    At-a-glance

    Customer Reviews

    This business has 0 reviews

    Customer Complaints

    1 complaints closed in last 3 years

    1 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Related Categories

    Business Details

    Location of This Business
    14-10665 Jasper Avenue, Edmonton, AB T5J 3S9
    BBB File Opened:
    11/1/2024
    Business Management
    • General Manager
    Contact Information

    Principal

    • General Manager

    Customer Contact

    • General Manager
    Additional Contact Information

    Email Addresses

    Customer Complaints

    1 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    12/01/2024

    Complaint Type:
    Service or Repair Issues
    Status:
    Unanswered
    I did a transfer to a friend of mine through the company, the transaction involved changing Nigerian naira to Canadian dollars for a total of $4,000.00 cad. I needed to pay a friend in Canada $4,000.00 but did not have enough Canadian dollars, so I transferred three million, four hundred and sixty thousand naira from my Nigerian bank account into my naira wallet with the company on December 1, 2023 and my naira was converted to Canadian dollars for onward transfer to my recipient in Canada. I got a confirmation that the transfer of the $4,000.00 was done successfully. A little over a month after, the person I transferred the money to reached out to me and said she was not able to receive the money. I reached out to Africhange to let them know that my recipient is yet to receive the transfer that was done by them over a month ago. I was told to give them sometime to look into the transaction and couple days later I saw a notification on their app that the $4,000.00 transfer has been cancelled because there was a problem with the transfer. When the transaction was reversed they paid me back the exact naira amount I paid for the transfer. The problem with the reversal is that at the time of the transfer (December 1, 2023) the naira exchange rate to Canadian dollars was eight hundred and fifty naira to one Canadian dollar (N850 - $1 cad) but at the time of cancellation or reversal of the transaction the exchange rate was around nine hundred and forty naira to one Canadian dollar (N940 - $1 cad). Basically the naira equivalent refund given back to me is no longer enough to buy $4,000.00 at the present rate. I explained this situation to the company in several emails and chats but the company insisted that all I am entitled to from them was my initial naira amount. As at the time of the transaction, the transfer was done through E-transfer and there is no way a local Canadian bank will carry out E-transfer in Nigeria naira, my naira must be converted to Canadian dollars.

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