Eyowo Loan App: Financial transactions in Nigeria can now be carried out with nothing more than a phone number. This is a very real possibility. As a result of the numerous companies that are causing disruptions in the ecosystem and boosting financial inclusion in the geographic area. Softcom Limited is a company that is considered to be at the forefront of the financial technology ecosystem in Nigeria. In addition, the Eyowo app is one of the most successful consumer technology products of the company.
Eyowo, which literally translates to “Cowries,” is an application that gives you the ability to do a great deal of different things. You may do everything from sending money to your peers to paying bills, saving money, purchasing airtime, taking out loans, and creating virtual cards.
An all-encompassing perspective on the Eyowo app is presented in this post. You are looking into what you can do with it and how you can do it. You can use this as your complete guide to getting started with Eyowo to meet your financial requirements.
What Is Eyowo?
Eyowo is a web-based platform that operates through mobile and web applications to facilitate the sending, spending, receiving, saving, and borrowing of money.
How Does Eyowo App Work
Users are able to sign up for the Eyowo platform with little more than their phone number. In a similar vein, a phone number is all that is required to send money to anyone, anywhere in the world. It sounds good, doesn’t it?
A debit card, an instant bank transfer, USSD codes, and the use of a voucher are all methods that can be utilized to add funds to your Eyowo wallet.
Eyowo App: Features
On Eyowo, you can do a lot of different things. Here are some of them.
1. Send money
Anyone with a phone number can get money from Eyowo. Anyone with a bank account can also get money from you.
2. Pay Bills/Buy Airtime
From the Eyowo app, users can pay their phone bills, internet, and TV costs, as well as buy airtime for anyone on any network.
3. Save Money
The Eyowo site can be used to pay bills and send money to other people, but it can also be used to save money. You can also pick to get interest on your savings or save without getting interest.
4. Pay Vendors
On Eyowo, you can either use a normal transfer method or scan a QR code to pay a seller. Each user has their own unique QR code.
5. Withdraw from ATMs
With Eyowo, you can use an ABM to get cash without a card. They do this by giving you a code that you can use at an ABM.
6. Create Virtual Cards
Eyowo has a feature that lets users make virtual cards in both naira and dollars that can be used to pay for things online.
7. Loans and Money Lending
The Eyowo app lets people borrow money when they need it. An “Overdraft” is another name for this tool.
How to Borrow Money on Eyowo
People who use Eyowo can borrow money from the site without having to pay interest. But a user’s ability to use this loan tool depends on how often they make transactions. This makes a lot of sense.
It doesn’t tell you if someone is creditworthy, but it does show how trustworthy they are with overdrafts. Here are the steps you need to take to borrow money on Eyowo.
- Take out a loan on the Eyowo app
- Use your account to log in.
- Tap the “More” hamburger icon in the bottom right part of the screen.
- Click on “Borrow money (no interest)“.
- You can find out if you can get a loan on the next page.
How to Save Money with the Eyowo App
Using the Eyowo app to save money is very easy. To do this, follow the steps below.
- Use your account to log in.
- At the bottom of the screen, tap the “Save” button.
- Tap on “Create Safe”.
- Pick out something to save for. This could be anything from making your money grow to getting a car, taking a vacation, paying your rent, paying for your wedding, and so on.
- Pick a way to save money. This can be flex savings, fixed savings, or saves that happen over and over again.
- Name your savings account and enter the amount you want to put away.
- Pick if you want your plan to earn interest.
- Pick the length of time and how you want to get your interest (now or later).
- Pick an account where you can save money. You can use a bank account or your Eyowo cash.
- Look over and make safe.
Eyowo USSD Code
Eyowo has a service called USSD codes that lets users log in to their accounts and make purchases even when they’re not online. This function is especially helpful for people who might not always be able to connect to the internet.
*4255# is the Eyowo USSD code. Users can do a number of financial tasks from their cell phones by dialling this code, such as checking their balance, transferring funds, and more.
If you want to move money from your Eyowo account to your bank account, for example, you can use different codes for each bank. Here are some examples:
- For ECOBank:
- For FCMB:
- For First Bank:
What is the USSD code for Eyowo?
Simply dial *4255# to get in touch with Eyowo. Users can do many banking tasks from their cell phones by dialling this code, such as checking their balance, moving funds, and more.
Who is the CEO of Eyowo?
Omoseindemi Olobayo is the CEO at Eyowo .