A CBN-regulated digital banking and payments platform in Nigeria that lets consumers and businesses send and receive money, pay bills, and save from mobile and web.

Eyowo Product Overview

Is Eyowo Right for You?

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Best For

  • Nigerian individuals
  • Nigerian small businesses

What It Does Well

  • Phone number payments
  • Send and receive money

Things to Check

  • CBN regulation details
  • Business account features

About Eyowo

Screenshot of Eyowo website

Eyowo is a CBN-regulated digital banking and payments platform in Nigeria for consumers and businesses that want to send, receive, pay, budget, and save money using a phone number.

Key capabilities include:

  • Phone number based accounts: users can treat a Nigerian phone number as an account identifier (and can also use a NUBAN account number).
  • Transfers and collections: send money to any phone number or bank account, and request payments using an Eyowo request, payment link, phone number, or NUBAN.
  • Spend and pay: support for everyday payments, including bill payments and airtime/data purchases.
  • Saving and money insights: in-app saving (the site references up to 13% interest) and spending insights that show how and where money is spent.

Available via web, and USSD (*4255#), with additional access channels mentioned in product materials such as IVR and telephony.

Target users include individual consumers, retailers and small businesses (including Eyowo Retail PoS use cases from product materials), and developers that need payment APIs for integrations such as transfers and collections.

It is notable in the Nigerian market for operating through regulated entities licensed by the Central Bank of Nigeria (Payments Solution Provider and Microfinance Bank), and for positioning the phone number as a primary identifier for banking and payments, including offline access via USSD.

Eyowo Facts

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Eyowo Founders & Leadership Team

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Latest Eyowo News & Updates

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Frequently Asked Questions About Eyowo

Eyowo is a CBN-regulated digital bank that uses your phone number as your account number (remove the first zero) to provide financial services like sending, receiving, saving, borrowing, and paying bills. You access it via mobile app, website, or USSD code (*737#), fund it with debit cards, bank deposits, vouchers, or transfers, and send money instantly to any phone number or bank account without needing the recipient to have an Eyowo account.

Eyowo accounts are free to open and use for basic transactions. It offers savings with up to 13% interest, but specific fees for transactions or other services are not detailed publicly.

Eyowo operates in Nigeria.

Visit eyowo.com or download the app, enter your phone number, and follow the prompts to verify and activate your account instantly. No documents are needed initially, but full access may require account verification.

Eyowo is best suited for individuals seeking simple financial services via phone number and small businesses or merchants needing payment acceptance, payroll, inventory tracking, and retail tools.

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