6 Mobile Money Apps in Nigeria

In Nigeria, this concept is becoming popular, primarily because it goes in line with the Government’s plan to have a “cashless society”. Leading the way are various apps available to consumers. These apps are available to send money to family and or friends. They are also available in stores by scanning a barcode or through the use of a code.

We’ll be discussing at length six major apps available in Nigeria: Opay, Firstmonie, PayPal, Momo, Konga Pay and Paga.

Table of Contents

1. Opay


They launched this app from the FinTech company, Opera. From its inception, Opay focused on making sure that it incorporated a lot of financial services available to consumers such as payment of bills, buying goods and services such as preparing meals for orders and paying for them.

An addition to these services is the fact that Opay agents own their shops and therefore can accept payments on the application. They pushed the reputation of Opay through roadside vendors and supermarkets, making it accessible to everyone. 

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2. Firstmonie


This mobile payment application belongs to Firstbank, one of the major banks in Nigeria. This app has gained quite a reputation with close to 40,000 agents across the country.

Users use this platform to conduct transactions such as payment for Satelite TV, transfer of funds to friends and family, and airtime purchase. Firstbank account holders can also be guaranteed of fast and secure transactions on this app. 

3. PalmPay


Apart from the regular financial services as with other apps, one can accrue points with this platform which in turn converts into discounts on goods and services. Although entirely new, it is growing popularity among Nigerians. Bill payment on this platform is also quite appealing as you can earn 5% cashback.

4. Momo


This mobile payment application belongs to the largest telecommunications company in Nigeria, MTN. Similar to other platforms, it can be used to send and receive money across Nigeria. With close to 800 agents across the country, transactions are simple to conduct primarily since we know MTN for having an extensive network cross country. 

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5. Konga Pay

Konga pay

Konga, an eCommerce platform, launched this platform. Initially, this platform was only available on the eCommerce platform; however, it has gone beyond that and now can transact between peer to peer, subscriptions to DSTV and other payments. This app also features discounted rates for the Konga platform. 

6. Paga


This is a free application that enables users to conduct free financial transactions. Users can use this application without the exchange of any cash; this works exceptionally well in supermarkets or shops that support this function. 


These apps have fueled the ease of making financial transactions. All of them are available on the Google Play store of the Apple App Store.

They are all free to download and can help you conduct fast and secure transactions without the use of cash. Are you aware of one that should be on this list? Let an agent know today! 

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