What is the best alternative to Bank78 in Nigeria?

For a Bank78-style digital bank account in Nigeria, Kuda is one of the closest substitutes, with transfers, savings, bills, and cards in a single app. If you also want borrowing built in, FairMoney is positioned around collateral-free personal and business loans alongside banking features.

What can I use instead of Bank78 if I need instant loans?

If loans are the main reason you are switching, start with FairMoney or Aella, both described as Nigerian digital banking platforms that combine borrowing with transfers and bill payments. For an alternative that also leans into pay-over-time credit, Credit Direct is positioned around loans and BNPL-style credit in Nigeria.

Which Bank78 alternative is best for higher-interest savings?

Mkobo Bank is a strong pick if your goal is savings yield, it advertises savings up to 24% p.a. in Nigeria. If you want savings plus investment options from a fintech group, Creditville includes savings and also mentions SEC-licensed asset management in its offering.

Are there apps like Bank78 that support POS for small businesses?

Yes, Kolomoni is explicitly tagged with POS and is positioned for individuals, agents, and businesses in Nigeria. FairMoney also mentions POS services alongside banking and loans, which can matter if you want one app for both personal finance and merchant activity.

Is Bank78 available outside Nigeria?

Bank78 is described as operating primarily in Nigeria under a Central Bank of Nigeria regulated microfinance bank structure, so it is not the best fit if you need a product with declared multi-country availability. If multi-market access matters, PalmPay lists availability in Nigeria, Ghana, and Tanzania.

Is there a Bank78 competitor focused on SMEs and business payments?

For SME-leaning banking and business payments in Nigeria, Sparkle positions itself around individuals and SMEs, and includes tools for managing business payouts. If you want business banking plus lending in the same app, Aella also describes SME support alongside transfers and bill payments.

How do I switch from Bank78 to another digital bank app?

The practical approach is to open your new account first, then move your inflows and billers gradually so you are not locked out of day-to-day payments. For example, you can set up Kuda or Mkobo Bank, update salary or customer payment details, then transfer balances once you have confirmed limits and transfer behaviour.

43 Best Bank78 Alternatives & Competitors (2026)

Last Updated: Jul 22, 2026We refresh this page when product relationships change or when its intro and FAQs are updated. The date shows the latest of those changes.

The closest alternatives to Bank78 are Mkobo Bank, Renmoney, FairMoney, PalmPay, and Creditville. They are ranked by product similarity, shared features, and market fit, with product authority and review volume used only to break score ties. 43 products qualify for this list.

The strongest Bank78 alternatives in Nigeria right now are FairMoney, Mkobo Bank, Aella, Kolomoni, and Creditville. The right pick depends on whether you care most about instant loans, higher-yield savings, business features like POS and payouts, or a microfinance-bank account you can run fully in-app.

Bank78 is a licensed Nigerian microfinance bank that offers digital savings and current accounts, transfers, and bill payments via web and mobile apps. It states it is Central Bank of Nigeria licensed and regulated as a microfinance bank, and cites RC 7364151.

People usually compare apps like Bank78 when they want a more loan-forward product (some apps are built around credit), a savings product with a clearly stated rate, or broader coverage beyond Nigeria. Others prefer an app that focuses on business flows such as POS, payouts, and spend tracking, or a simpler everyday banking experience that feels less “private-banking” in tone. None of this makes Bank78 a poor choice; it means the market now has specialists worth comparing.

What to Compare When Choosing a Bank78 Alternative

CBN microfinance-bank status: if licensing matters to you, prioritise apps that are described as CBN-licensed microfinance banks, not just “fintech” brands.
Loans vs banking-first: decide if you want borrowing as the main feature (credit-led apps) or a current-account experience with bills and transfers.
Savings rate and rules: look for products that state an interest rate or savings structure clearly, for example Mkobo Bank advertises savings up to 24% p.a.
Bill payments coverage: confirm the bill categories you use most (airtime, data, utilities, TV) are supported inside the app.
Transfer pricing and limits: check free-transfer quotas, daily limits, and how fast reversals happen when a transfer fails.
Business tools (POS, payouts, tracking): if you run a small business, compare features like POS support, payout tools, and spend tracking rather than personal banking polish.
Where you can use it: Bank78 is Nigeria-focused, so if you travel or need multi-country access, consider an app with declared availability outside Nigeria.

Use Liners to filter Bank78 similar apps by licence type, Microfinance Bank features, Bill Payments, Lending and Loans, Savings, and Neobanks, then compare your shortlist side by side.

Compare Bank78 alternatives by what you need

If you want instant credit alongside banking: FairMoney and Aella are both positioned around borrowing plus transfers and bills in Nigeria.
If your priority is savings structure and yield: Mkobo Bank explicitly markets savings up to 24% p.a. for salary earners and entrepreneurs.
If you need business and agent-style payments: Kolomoni calls out agency and POS support alongside accounts and bill payments.
If you want a broader Africa footprint: PalmPay lists availability in Nigeria, Ghana, and Tanzania, which is useful if you want the same app across more than one market.

The Liners directory below groups Bank78 competitors and other Fintech options in Nigeria, so you can find what to use instead of Bank78, spot apps like Bank78 by feature, and shortlist alternatives that match how you bank day to day.

43 alternatives