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Top 7 Digital Banks in Nigeria in 2023




Top 7 Digital Banks in Nigeria in 2023

Digital banks have become the focal point of banking operations in Nigeria, given the traditional brick-and-mortar banks’ current inadequacies, particularly their inability to enhance their services to implement the CBN’s cashless policy: Top 7 Digital Banks in Nigeria in 2023.

Like other developing countries, Nigeria is experiencing a rapid shift towards digital banking services. The development of technology and widespread access to the internet at reasonable prices in the nation have made this transition possible.

Due to this technological development, several digital banks have risen in Nigeria recently. Though each bank has unique features and benefits, their common advantage over traditional banks is their fast, convenient, and low-cost services.

Whether you’re a tech-savvy individual or someone looking to simplify their banking experience, you’d find valuable service in one of the top digital banks we’ll discuss in this article.

But first…

What is a Digital Bank?

A digital bank is a bank that operates primarily online, with its customers accessing its services through a mobile or web app, or both.

Most digital banks offer the same services as traditional banks, such as savings and checking accounts, loans, credit cards, and investment services. However, the most impressive benefits of digital banks are their low costs and easy access to banking services.

Digital banks have proven to be better equipped to serve the banking needs of Nigerians. This is evident in the low number of failed or delayed transactions when using their apps, and their free banking services. Furthermore, they quickly and effectively resolve any slow or failed banking transactions.

Now that you know what digital banks are and their advantages over traditional banks, read on to get information on which one to bank with.

Top 7 Digital Banks in Nigeria

Mintyn Bank

  • Mintyn Online Bank, formerly known as Mint Digital Bank, is licensed by the Central Bank of Nigeria (CBN) as a product of Finex Microfinance Bank. Since it was founded in 2020, Mintyn has amassed many customers through efficient banking services.
  • Mintyn Bank offers you the same services as traditional banks, with personal and business current accounts and mutual fund investments at the core of its services.
  • One of the best benefits of Mintyn is its free service policy. There are no monthly maintenance, overdraft, or ATM fees, making it an attractive option for budget-conscious customers.
  • Mintyn offers a user-friendly online and mobile banking platform, allowing customers to manage their accounts from anywhere. With the Mintyn App, you can pay bills, make check deposits, and even register your business with the Corporate Affairs Commission (CAC).
  • If you make many international purchases and subscriptions, the virtual dollar card might be your favorite feature in the Mintyn App. You can also shop in your favorite stores, like Amazon, eBay, Nike, Google Play, etc., with your virtual Mintyn Gift Cards.
  • No other digital bank makes cashless banking as seamless and affordable as Mintyn Bank. With your Mintyn App, you can log in to the Mintyn Marketplace and buy groceries and other fast-moving consumer goods at the lowest possible prices in the country.

Kuda Bank

Kuda Bank has earned its place among the top digital banks in Nigeria by providing accessible, seamless, and transparent banking services. The bank prides itself on being the bank of the free.

Kuda provides a wide range of banking services similar to those offered by conventional banks in Nigeria, including but not limited to savings and current accounts, loans, and investment services. Kuda also offers and delivers, for free, physical debit cards to its customers in all parts of Nigeria.

Vbank by VFD

  • Vbank is one of the top digital banks dominating the Nigerian banking space in 2023. It was launched in 2020 by VFD Microfinance Bank to provide Nigerians with free and convenient banking services.
  • VBank offers customers savings and checking accounts, loans, and investment services. It also offers a competitive interest rate on its savings accounts and doesn’t charge account maintenance fees.
  • VBank is one of the few digital banks offering USSD banking to enable its customers to access their banking needs even without the internet.


Alat by Wema is a digital bank with comprehensive digital banking services, despite being introduced by a traditional bank (Wema Bank). You can create an account on the Alat Banking App in two minutes and four simple steps.

You can make savings, pay bills, invest your money, and secure loans with your Alat digital bank account. The bank also makes its debit card available at no cost within five days of your request. Like VBank, Alat also offers USSD banking services to its customers.


Rubies is a digital banking platform offering free services to millennials, professionals, SMEs, and fintech companies. Though most Rubies customers are FinTechs, businesses, and other financial institutions, they also offer services to individuals.

With a Rubies account, you can make savings, pay bills, and invest your money. You can also secure microloans from Rubies to support your business. Like other digital banks, Rubies has revolutionized the Nigerian banking sector with hassle-free banking services.


  • Fundall, the winner of the “Business Day B2B Payments App of the Year, 2022 Awards,” is one of the top digital banks in Nigeria.
  • Founded in 2019, Fundall has made significant contributions to the advancement of digital banking in Nigeria. Fundall customers can access all digital banking services, such as personal and business accounts, loans, investments, and marketplace services.
  • Fundall has a community where it provides its members (Fundallers) access to financial education and other community support benefits.


  • Sparkle is a top digital bank in Nigeria, founded by the former CEO of Diamond Bank (now part of Access Bank), Mr. Uzoma Dozie. Having been in the system, Mr. Uzoma developed Sparkle to address the complaints of most traditional bank customers.
  • Sparkle offers its customers personal and business account services, loans, and investment products. The Sparkle business account is laden with all the resources you need to run a business successfully, as there’s provision to handle your tax remittance, payroll, inventory, etc.

With the Sparkle physical and virtual cards, customers can make payments on the go.

Conclusion – Top Digital Banks in Nigeria

Nigeria is fast adopting cashless transactions, and while traditional banks are struggling to fit in, digital banks are gathering customers with efficient customer service. People who love the convenience and low-cost banking transactions already intend to open digital bank accounts.

With Mintyn as your reliable banking partner, you can easily reach your personal and business goals without stepping out of your home for any banking operations.

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How the Logistics Sector Can Improve On Payment Collection In Nigeria



How the Logistics Sector Can Improve On Payment Collection In Nigeria

How the Logistics Sector Can Improve On Payment Collection In Nigeria


The logistics sector in Nigeria continues to gather momentum, especially in the urban centers that are densely populated with people of varying demands. This business is a critical part of the supply chain as it collects, transports, and delivers products to customers. Hence making it a lucrative venture in Nigeria.


However, the advent of technology has amplified the logistics sector as it now tends to leverage digital tools to attract customers seeking to employ the service for product delivery to different parts of the country. This has increased online presence through websites and social media platforms like Instagram, Facebook, and X (Twitter).

How the Logistics Sector Can Improve On Payment Collection In Nigeria

Notably, the logistics sector already has a synergy with other sectors like the e-commerce industry, which is primarily populated by small and medium-scale enterprises (SMEs).


Therefore, its relevance becomes germane to fostering the customer experience of any business. This is because a timely delivery of products is the hallmark of any logistic business.


However, payment structure plays a significant role in the effectiveness and efficiency of the business as this propels it to pick up products and get them delivered to people. So, product delivery will always be delayed when a firm payment agreement between an SME and the logistic business is not met. While this can affect the reputation of the SME, it can also reduce the patronage of such logistics.


In light of bolstering the operation of the logistics sector in Nigeria, it is imperative to employ payment methods that are easy and simple to use such that it does not lead to delays that hamper related businesses. Therefore, Fincra has put in place sustainable payment innovation to boost the growth of the logistics business in the country.


Notable as one of the leading fintech companies in Nigeria, Fincra is a payment gateway committed to improving the payment strategy of different sectors in Nigeria, including the logistics business.


Ways Logistics Sector Can Collect Payments On Fincra


1. Virtual Account


Logistics businesses can create a naira (NGN) virtual account on Fincra, which enables them to collect payments from clients across Nigeria. This virtual account can be temporary in the instance of a one-off transaction or a permanent one, which can be used to collect payments like the local bank account.


This Fincra virtual account allows easy reconciliation and effective payment management for businesses and logistics.


2. Payment Link


There is a Fincra payment link that logistics businesses can quickly generate to collect payments from clients. This link can be customized and shared across various messaging tools – social media platforms and text messages. It includes all the necessary information, including the account details of the logistics business for their clients to make payment via bank transfer or cards.


3. E-wallet


This is using the Fincra wallet to collect payment by the logistic business. However, it is only conditioned that the other client has a Fincra account to facilitate this transaction. This is another effective way of collecting payments because it is simple and instant.


Therefore, logistics may need to create a Fincra account and encourage their clients to create the account to enable a seamless completion of payment without delay. This will be a win-win situation for both businesses.


4. Card Payment


This involves the use of credit or debit cards to make payments. As such, there is a Fincra POS terminal that logistics businesses can employ to collect card payments from their clients. This is a mode of agency banking designed by Fincra to increase the coverage for the payment system in Nigeria.


It facilitates an in-person transaction that ensures quick completion of payments between the logistics business and its clients.




Nigeria’s logistics sector is a booming economy, with many entities foraying onto the landscape. But as this sector continues to become competitive to stay afloat, it is important to adopt better payment strategies that would push the business to the fore of attracting more clients.


Fincra provides different options to collect payments for logistics businesses. You can take advantage of that when you create a Fincra account now.


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How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria



How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria

How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria


E-commerce is a burgeoning sector in Nigeria, with small and medium-scale businesses continuously entering the market to attract teeming online users who are potential customers. This can be owed to the widespread adoption of technology, which businesses are leveraging to grow sales.


Today, there is a proliferation of e-commerce platforms or stores across Nigeria designed to meet the purchasing needs of the larger Nigerian population. This has given rise to a competitive market with businesses adopting strategies that would give them a better position of generating and retaining leads (customers) in the dynamic business landscape.

How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria

There are many strategies e-commerce businesses employ in Nigeria and worldwide – from a user-friendly online storefront that is easy to navigate to a payment system at checkout. These are some significant factors customers consider to inform their buying decisions on an e-commerce platform.


We can not overemphasize the role of payment collection in e-commerce, as customers are always keen on ensuring that a system makes their payment at checkout seamless. This reinforces customers’ trust and confidence in completing their purchases on the e-commerce platform.


But, while bank transfers, card payments, and e-wallets are currently the popular methods of collecting payments in Nigeria, e-commerce businesses can harness different payment options on Fincra.


Payment Collection Methods On Fincra For E-commerce Businesses


Fincra is a leading fintech company in Nigeria that has become a trusted and reliable payment gateway for various business niches. As such, e-commerce businesses can use the payment options on Fincra or, better still, integrate with the payment API on the platform to ease the payment process on their respective platforms.


However, you can directly collect payments from customers across Nigeria on your Fincra account. You can achieve this with payment options that include:


  • Virtual account: this is a virtual naira account on Fincra that enables you to collect payment through bank transfers from your customers.


  • Payment link: there is a Fincra Payment Link, which is customizable – enabling you to share account details with product descriptions with customers on social or messaging platforms.


  • Direct API: this is a fully optimized payment system that provides a class array of different options on your e-commerce platform.


  • Checkout: a Fincra checkout can be tailored to your e-commerce platform, supporting your customers’ devices to provide an improved experience for your customers.


By and large, all these payment collection methods on Fincra are important to the payment strategy of any e-commerce business in Nigeria. They provide your company with a positive outlook to gain trust and confidence.


Benefits Of Payment Collection On Fincra By E-commerce Businesses


1. Low Fee


The fee is relatively low when you collect payments on the Fincra. It provides one of the industry’s best pricing such that you save more for your business while using the platform. This is with the understanding that the sole aim of business is to make profits. Therefore, Fincra is committed to maximizing your gains with its low fee structure on the platform.


2. Advanced Security


Fincra employs a state-of-the-art security system to keep your funds safe when collecting payments on the platform. It complies with industry standards to keep your financial information and funds from unauthorized access. Therefore, Fincra protects you from identity theft that could lead to a possible loss of funds.


3. Multiple Payment Methods


As a reputable payment gateway in Nigeria, e-commerce businesses can collect payment via different options that best suit them on Fincra. These are naira (NGN) virtual accounts, payment links, checkout, and direct API. Therefore, these make your business more trusted as you gain more customers.




People continue to use e-commerce platforms to buy their preferred products in Nigeria, even as others also offer a range of services. But the integral part of e-commerce is the payment system that is the best fit for customers. That is why these businesses need to use the various options on Fincra to collect payments in Nigeria.


You can create a Fincra account now to use different payment methods for your e-commerce business.


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AAS TOKEN (AAST): The Power of Early Cryptocurrency Investment



AAS TOKEN AAST The Power of Early Cryptocurrency Investment

AAS TOKEN (AAST): The Power of Early Cryptocurrency Investment

In the dynamic landscape of finance, one phenomenon has consistently captured the attention of risk-takers and forward thinkers alike — the world of cryptocurrency. Stories of astronomical gains and heartbreaking losses fill the digital realm, but amidst this volatility, a strategy stands out: investing in cryptocurrency at launch. This article delves into the advantages of being an early adopter, exploring the potential for substantial profits and the unique benefits that come with it.

AAS TOKEN AAST The Power of Early Cryptocurrency Investment

The First Mover Advantage: The undeniable perk of diving into a new cryptocurrency at launch is the first-mover advantage. Early investors gain exclusive access to potential gains before the wider market catches on. Securing tokens at lower prices paves the way for significant profits as the project gains traction and demand. This early entry positions investors at the forefront of groundbreaking digital currencies, offering a unique edge in the volatile crypto market.

Discovering Hidden Gems: Investing in cryptocurrency at launch opens the door to discovering hidden gems amidst the sea of digital assets. While established players like Bitcoin and Ethereum dominate headlines, emerging projects can provide unique features and innovative solutions to real-life problems. Being an early investor allows individuals to identify and capitalize on the next big thing before it becomes common knowledge, potentially reaping substantial rewards.

Timing the Market Waves: Timing is crucial in the cryptocurrency market, and investing at launch provides a unique opportunity to ride the initial market waves. As a project gains attention and momentum, early investors can strategically capitalize on price fluctuations, buying and selling to maximize returns. While navigating early market dynamics requires an understanding of volatility, the potential rewards outweigh the risks for savvy investors.

The Token Launch: A Privileged Opportunity: Introducing a token launch that presents a privileged opportunity for early investors. Pre-sale information is shared, including the dates (19th and 20th of November 2023) and the corresponding prices for each phase (15 cents, 20 cents, and 25 cents). The token’s total supply is highlighted as 10 billion, with 50% in circulation and the remaining 25% allocated for liquidity provisions, business development, and special projects.

Economics of the Token: A breakdown of the AAS token’s economic structure is provided, detailing the allocation of the 10 billion tokens. Categories include liquidity provisions, business development, special projects, an arbitrage system team, and marketing and operational costs. The reserve purposes are emphasized as a security measure, instilling confidence in potential investors.

Building a Long-Lasting Investment through AAST: The article emphasizes the advantages of being part of an early investment in the mentioned token through the AAS platform. The early investors are encouraged to sign up and leverage the potential benefits of being among the first to access the token when it hits the open market. The minimum registration amount is disclosed, and the article stresses the opportunity to earn a weekly return on investment.

Conclusion: In conclusion, the article is meant urges readers to seize the opportunity presented by the upcoming AAS token launch. Drawing parallels to the early days of Bitcoin and other successful cryptocurrencies, the author highlights the potential for substantial profits and the chance to be part of a revolutionary investment. The call to action encourages readers to subscribe, like, comment, and sign up for the AAS platform to embark on a journey of financial growth and success.

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