Abeg provides an easy and convenient way of requesting and sending money. Launched by Muheez Akanni, Michael Okoh, and Dare Adekoya in 2019, the app is designed to cater to the youngest adult demographic in Nigeria, the generation referred to as the Gen Z (born between the mid-1990s up to 2010). But it is also designed to suit tech-savvy millennials as well.
Read more about App of the week
Meet The App
When Abeg was first released, it went viral on Twitter due to its aesthetic and functional appeal. The inspiration for Abeg came from CashApp, the American app for money transfer owned by Square (the subsidiary company of Twitter).
After downloading the app from Google Playstore (it currently has no iOS version), one can sign up with a full name phone number, email address and password occur in a few minutes. A four-digit pin and bank verification number are also required.
You can request money from Abeg users on your contact list or type in the username of anyone you wish to contact. All you need is your phone number which must be linked to your BVN.
Sign up to the Connect Nigeria daily newsletter
Once you receive money from someone, you can withdraw it into the bank account you registered with. Sending money, on the other hand, requires you to fund your account wallet and know the person’s username.
The founders of the app are also set to design a feature that will enable people to save together.
Getting The App
Click the link below to download the app depending on the device you use.
Featured Image Source: TechCabal
Got a suggestion? Contact us: firstname.lastname@example.org