Digital banking which could also be termed the online banking is a system whereby banking services are delivered via the internet. Digital banking has brought in a lot of advantages which include cost savings, increased accuracy, business efficiency, enhanced security and improved competitiveness. The major objective of digital banking is to digitalize every aspect of banking without the need of a physical structure. In Nigeria today, all major digital banks are regulated by the Central Bank of Nigeria.
Below are some of the best digital banking applications in Nigeria
- ALAT: this is owned and operated by Wema Bank and is known to be Nigeria first fully digital bank. It is an easy digital application to use and has outstanding key features which include opening an app in few minutes, you would be given an account number, you can save funds, carry out transfers and make payments, request for instant loan and issuance of virtual dollars card. This digital application is available for Android and IOS users.
- KUDA BANK: This is owned by Kuda Microfinance Bank and available for Android and IOS users.This banking system offer free service that other bank would charge clients for, they also have major key features which include: instant opening of account, you would be given an account number,issuance of free debit card, no withdrawal charges, no card maintenance fee,savings, budgeting and request for loans.
- ONEBANK: this is a digital bank owned by Sterling Bank, however it gives the non-tech customers opportunities to easily create an account. This digital banking app has a feature known as the “Ajo Scheme” and it permits customers to invite your friends to start a contribution. It has some key features which include: opening of account in minutes, ability to save, invest and borrow money, can make payments for your bills, purchase airtime and data. This digital application is available for Android and IOS users.
- EYOWO: this is a very innovative bank app and on this app you can open your accounts with your phone number. It also has some amazing features which include: Zero percent interest on loan, you can scan to pay, issuance of dollar cards, debits cards and can be used to make payment of bills. This digital application is available for Android and IOS users.
- RUBIES: this application is available for both Android and IOS users. The interesting part of this digital banking app is that you get to choose which account number you want which would help you customize the way you want your account number to look. This application also have some key features which include: opening of account in few minutes, issuance of virtual cards, you can pay bills, carry out business banking, request for loan, get insured using the rubies insurance.
- V BANK: this is one of the best digital banks that do not charge on transfers, zero charges for account maintenance, allows you to set up and track spending budgets, it supports a USSD banking service and a debit card can directly be ordered.
- MINTAPP: this is a self service banking platform and gives customers the privilege to carry out digital and mobile transactions the way it suites them. They offer different services which include SME banking , corporate banking, personal banking, internet banking and many others.
- GOMONEY: this digital banking application enables customers to send and receive fund, send payment request, payment reminders and also payment receipts. On the GoMoney account, you can divide payments with people, however after opening a GoMoney account you will be given the physical and virtual cards. This account also keeps track of expenses, and financial reports.
These digital banks have proved to have a solid reputation for exceptional services and great feedbacks from customers over the years