While some Nigerian banks have actually done a lot in terms of developing mobile banking apps that meet the global standard, the majority of them are yet to understand what a modern banking app should be. That explains why we still have mobile banking applications that deliver very poor user experiences.

5 Best Mobile Banking Applications For Nigerians

Opera pay (OPAY)

Opera Pay popularly known as Opay is currently Nigeria’s number 1 mobile banking app in terms of financial technology. The application is super fast, highly secured and amazingly easy to use. No matter how dumb you are, you can actually carry out almost all kinds of transactions using Opera pay.

The mobile payment platforms allow you to send or transfer money to any Nigerian bank account at just the rate of N10 per transaction instead of the normal N52 it will cost you to do the same using your bank’s mobile application.

Opay also allows you to buy airtime at a 5% discount, regardless of the telecom network and the airtime denomination. What that simply means is that you’ll pay just N95 for MTN200, MTN1000, etc.

You can also fund your Bet9ja account and do your TV subscriptions using the platform. You can as well stay right within your room and pay your electricity bill. Again with Opay, you can place orders for food from a well-recognized restaurant and have it delivered at your office in less than an hour.

You can also order for a ride and have a bike-man come and pick you from wherever you are or use the app to find out when the next Obus (Opay bus service) will be coming your way.

What if you need a quick loan for your business? You can apply for one right within the app and have the money credited to your account. There is also an option within the app for you to invest at least N500 and receive a 10% interest of whatever amount you invest annually.

Quickteller

Owned by Interswitch Group, the Quickteller application is one of the best mobile banking apps presently in Nigeria. Before the coming of Opay, this application completely dominated the Nigerian Fintech industry. The app was there even when banks like Ecobank Nigeria have not developed their own application, it was Quickteller that their customers were using.

The mobile payment platform even have another variant that is specifically meant for its mobile money agents all over the country (Quickteller Paypoint). Compared to most Nigerian bank’s applications, Quickteller is super fast, very easy to use and highly secured. The mobile application allows you to carry out day to day transactions conveniently.

Through the app, you can transfer money to any Nigerian bank account, pay a merchant, buy airtime or data, do TV subscriptions and also apply for a loan.

Remita

Remita is one mobile banking application that lets you take control of all your bank accounts. It is fast and helps you generate receipts for payments effortlessly. This amazing app even supports integration with microfinance banks in Nigeria.

Remita charges are not so much as that of most mobile banking apps from our financial institutions

MyMTN App (Momo)

MyMTN App is one of the mobile applications you can use to receive/send money, buy airtime and data and carry out other financial transactions at a very fast and cheap rate.

For a phone to phone money transfer (that is to a friend or a merchant who is also an MTN customer), MTN charges you just N10 for the transaction using their application. For a phone to cash transaction (cash withdrawals through their agents), they will charge you about 2% of the transaction to a maximum of N100.

The application is presently considered by so many people as one of the best mobile banking apps in Nigeria.

Verve World

Though not as popular as Quickteller or any of the aforementioned applications, this mobile banking application is one of the oldest apps for carrying out financial transactions in the country.

Owned by Interswitch, the same company that owns Quickteller, this mobile application helps you organize all your cards in one place for faster transactions.

These are the top 5 apps in Nigeria that are far better than your bank’s mobile banking application. If you haven’t checked out any of them, do so and let me know what you think about them.