What You Can Do With Abeg App, The Headline Sponsor Of BBNaija Season 6, 2021

— Big Brother Naija (@BBNaija) April 26, 2021

What do you know about abeg app?

Abeg is a fintech app that is developed by Abeg Technologies. The company was co-founded by Muheez Akanni, Michael Okoh and Dare Adekoya in 2019. The app was launched in September and is already generating a buzz on social media for its unique approach in solving fintech problems.

What you can do with the Abeg app

The major services on the app are sending and receiving money. Once you have an account and your BVN has been verified with your phone number, the system scans through your contacts to identify those who have installed the app on their phones.

You can send a request to anyone from the Abeg users in your contact list for money or type in the username of anyone and your request will be sent to them.

To ask for money, you do not need to add your bank details or send it with the request. The primary requirement is your phone number which must be linked to the BVN you registered with.

You can either spend the money within the app by sending to someone else or by withdrawing it into your bank account in which case you would have to link your bank account to your Abeg account. Sending money to other users requires that you fund your account wallet and know the person’s username.

The platform’s onboarding process is quite straightforward. When signing in, a user provides some information: full name, email address, a phone number for OTP verification, and a bank verification number (BVN).

What makes Abeg relevant to a Nigerian user in a way that is different from Cash App?

To the first, the team says “No” despite the obvious similarities in the logos. Abeg’s goal is to sell payment “experiences not features,” .

Signing up on Abeg with a full name, phone number, email address and password occurs in a matter of minutes. A four-digit PIN and bank verification number are required, but not an account number.

The basic use case right now is to request and send money. To prevent spamming, a user can only request money from an Abeg user on their contact list but can send money to anyone with an Abeg tag.

The platform’s onboarding process is quite straightforward. When signing in, a user provides some information: full name, email address, a phone number for OTP verification, and a bank verification number (BVN).