September 29, 2020 All Things Fintech in Africa

With Wallet you can Upgrade your Daily Personal and Financial Experience


Wallet is an app that enables you to make quick financial decisions daily. With ease and convenience, banking has been made as simple as ABC. Nevertheless, you don’t have  worry about long queues, paper work or even card maintenance fees.  Why wouldn’t you live up to your best personal and financial experience when banking is simplified? No need to walk long distances to make payments of any purchase with the app you can pay.  Or even when you realize you are not with your card with Wallet your bills are sorted out.


The Beginning:

John Oke , founder of Wallet, is a computer science graduate from the University of IIorin.  He built other types of wallet-type solutions for Wema Bank and Surebids. While  interning in the business automation department for the former and as a senior software engineer for the latter.  The idea of wallet  was to proffer an innovative way of providing an improved and better financial products and services beyond the basic deposits and transfers that traditional banks offered.   He previously co-founded, a news aggregating platform that uses pattern matching algorithms to get news, gossips and content every minute from the most visited website in Nigeria before the existence of wallet.

The Problem Wallet is Aiding to Solve

Many payment and digital solutions exist to allow people  make payments and transfer money. Even though, wallet  isn’t necessarily new or in vogue. Wallet  is however  leveraging on the idea of a better digital experience while giving access to other services that may not be available in Nigeria. What do you want to access? Is to pay for your Apple music? Make payment for your Coursera course; buy gadgets on Aliexpress and book hotels online. Imagine on a Saturday,when you decide to chill and Netflix, then it happens that your subscription has expired, you can as well grab your phone and open the Wallet app, and make a Netflix subscription payment. Whatever, you want to do, pay for an Udacity course, book an apartment on AirBnb, you don’t have to face the chance of your bank card not working on these platforms.

Some of Wallet’s Cool Features

Wallet is  an online service targeting students, entrepreneurs, young professional and expats to provide itself as a core alternative against traditional banks. Most importantly , it  allows you send money to your friends and family, pay bills or buy airtime. Make secure international payments with your virtual dollar card. Whether it is a spotify, drop box, Amazon service.


The Wallet App’s fingerprint authorization :  

Wallet seem to have keyed into the rave of the moment. You can authorize transactions with your fingerprint on the app now.  And also you don’t have to make up complex passwords anymore. With the new Fingerprint feature on the app, which is super fast, slick and secured, you can easily pay bills and send money to someone without you trying to remember your login details.  The fingerprint option can be turned on and off too, it depends on what you really want.

Wallet’s Chat:

Wallet has also keyed into Artificial Intelligence’s new innovation “the chatbots”.  The personalized customer care feature is a live support on the wallet app, which allows you to chat instead of sending emails to complain .

Low Charges:

With Wallet you can send money to any bank account in Nigeria for as low as 25 naira after the first three transactions in a month. Forty naira for the first transfer, thirty-five naira for the second transfer and thirty naira for the third transactions. Then, 25 naira throughout the month.

The Wallet Dollar Card:

From your dashboard you create a dollar card within the app. And you can also fund your local naira card or bank account.  Put in the amount you want in dollars and it automatically deducts the Naira equivalent from your account. The wallet dollar card comes with its own US billing address, CVV and valid expiry date. Although you can’t use your  virtual money on any cryptocurrency trading websites to buy bit coins or virtual currencies but you can renew your Netflix subscription, upgrade your dropbox storage, buy new songs on spotify or pay for a zoho account.


Related Posts

FlutterWave  yet again secures a $35 million series round and a Partnership with WorldPay

January 24, 2020

January 24, 2020

  FlutterWave, a San Francisco and Lagos-based fintech startup has secured a $35 million Series  B round  and a partnership...

ORide; Nigeria’s Bike hailing Service launched by OPay

June 6, 2019

June 6, 2019 1

ORide, a bike-hailing app launched under the hub of OPay intends to make going around Lagos easier. On the average...

KudiGO, a Ghaianian startup, that builds solutions for the consumer retail industry, plans expand to Nigeria .

February 1, 2020

February 1, 2020

KudiGo started operations in November 2018, providing an integrated, mobile-based retail, payments, accounting and analytics engine for the consumer retail...

Top 10 Interesting facts about Interswitch Nigeria

April 11, 2019

April 11, 2019 1

Top 10 Interesting facts about Interswitch Nigeria Today many payment processing companies exist, but Interswitch Nigeria has made an incredible...

PalmPay raises $40m from TECNO mobile, will be preinstalled on 20m phones in 2020

November 14, 2019

November 14, 2019

PalmPay raises $40m from TECNO mobile, will be preinstalled on 20m phones in 2020 Nigeria is one of the countries...

Online Payments Spike up in South Africa After COVID Lockdown

April 1, 2020

April 1, 2020

On Thursday March 25th, President Cyril Ramaphosa announced a 3-week lockdown , to curb the spread.  However, online payments have...

 FlutterWave:  Creating Financial Accessibility With Digital Payment Solutions

September 27, 2019

September 27, 2019

Introduction:  Sometimes, I feel the technology is  man’s coolest invention. Digital bank is the newest rave of the now, which...

Paypal Launches Xoom in the African market

August 25, 2019

August 25, 2019

  PayPal in 2015 brought xoom, a money transfer company which now serves 33 African countries from about 30 European...

GONA Raises Multi-Million Dollar Investment in Nigeria

August 19, 2019

August 19, 2019

What’s GONA? Gona is a payment platform that enables seamless and cashless payment in public buses. The problem Gona is...

Hollaport Launches in Lagos, Announces its Plan to Deepen Financial Inclusion

July 12, 2019

July 12, 2019

Kabiru Rabiu of BUA Group Launches Hollaport App Kabiru Rabiu, Group Executive Director of Bua Group, a leading Nigerian conglomerate...

M-Naria’s Three Cool Features you had no Idea about

April 30, 2019

April 30, 2019

  M-naira is the new way of making transfers across countries. Before now, if one wanted to send money from...

Opay Expands as it launches tricycle hailing service, OTrike in Nigeria

August 25, 2019

August 25, 2019 1

  Introduction The opera company, the Chinese-backed startup is giving other fin tech startups a clear run for their money...

6 Facts About Paystack Nigeria You Never Knew Before

April 19, 2019

April 19, 2019 2

6 Facts About Paystack  Nigeria You Never Knew Before As the new kid on the block when it comes to...

Paga Announces a Partnership with Visa

March 18, 2020

March 18, 2020

Paga has partnered with Visa to provide secure and convenient mobile payments solutions. The collaboration will enable Paga and Visa...

Chipper -Cash Expands to Nigeria

October 22, 2019

October 22, 2019

  Introduction:  Chipper-cash, the n0-fee, cross border payment startup has expanded to Nigeria.  It is based in San Francisco, with...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.