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Esther.Dumbiri

Gaining Financial independence using Nigerian Apps for savings

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Helping Nigerians stay out of debt and gain financial independence is fast becoming a passion for many application developers who seek out better ways to help people save and motivate them to spend less. Here are two savings applications that have been designed to lead Nigerians out of financial slavery.

 

ALAT

Well, it is a digital banking service powered by Wema Bank Nigeria, which allows you to do all your banking transactions without being physically present at a bank. Alat digital bank allows you to open fully functional savings account using just your BVN and phone number in exactly 5mins. No paperwork required! At it’s core, ALAT by Wema bank is selling simplicity, reliability and convenience. ALAT digital banking will save you time with a simple account opening process that takes less than five minutes, help you put money away easily by automating your saving, make sure your bills are paid on time with its scheduled payments feature and deliver a free debit card (ALAT ATM card) you can activate, lock and unlock from your phone to use anywhere in Nigeria.

 

You can open an ALAT account easily on from your phone. Install ALAT from the Apple App Store or the Google Play Store, open the app and sign up with your Bank Verification Number and a valid phone number.

 

Thereafter, you will need to upload a photo of a valid means of identification (a government-approved ID card), a photo of a utility bill (not older than 3 months) and your passport photograph.

 

Your account will be activated as soon as the ALAT team verifies your documents and address, usually in 24 hours. In the meantime, you can put money in your ALAT account but you can’t spend from it.

 

Your ALAT account number will be emailed to you. It will also be displayed on your dashboard each time you log in to ALAT.

 

Piggybank

Piggybank is a Nigerian Financial Technology startup and they run a simple online savings scheme where they make periodic deductions for customers to save towards targets. 

 

Piggybank.ng securely makes saving possible by combining discipline plus flexibility to make you grow your savings & better manage your finances. Their mission is to make savings & investments more transparent and clear so that anyone can manage their finances.

 

They promise that their clients can also earn interest income on the savings made. All that is required is to link a debit card to their platform online only. I was at first intrigued by the name. It is catchy and straight to the point.

 

Try these apps today and leave your comments below.

 

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