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.

114 Best Bank78 Alternatives & Competitors (2026)

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.