Getting Started With Parkway Wallet

I’m sure you’re familiar with Mobile Money Operators like Palmpay, FirstMonie, Opay– they seem to be everywhere these days. But have you heard of the Parkway wallet? Just like other MMOs, you can use Parkway mobile money for your transactions, bill payment, and invoice payment.

With evidence from the CBN website, the Parkway wallet has existed since as early as 2011, even before some of its counterparts. Surprising, isn’t it? This article will reveal what it looks like to use the app and some first-hand users’ reviews.

What is Parkway?

Parkway, also called Parkway Projects Limited, is a CBN-licensed mobile money operator in Nigeria. It allows users to perform financial transactions through their smartphones, an alternative to traditional banking, especially for those who are unbanked or underbanked.

Parkway wallet connects with traditional bank accounts, allowing users to easily move money between their Parkway wallet and bank accounts. They also offer features like airtime recharge and bill payments.

Their mobile app; Parkway Wallet, can be downloaded for free! It enables users to transfer and receive funds, make invoice payments, etc. All you will have to do is to open an account with Parkway Projects on their app.

The Unique Feature of Parkway?

Besides the usuals from MMOs in Nigeria, such as paying and receiving funds, the Parkway wallet allows you to pay with an invoice. Parkway mobile money helps simplify the payment of your state billing and revenue-generated invoices through the Parkway Wallet.

This could be particularly useful to individuals and businesses who often deal with invoices. Full-time workers and freelancers can also use the Parkway wallet when they want to send work quotations to their employer or client.

They are also working on creating a physical and a virtual card that can be used for payment, subscriptions, etc.

Opening a Parkway Account

Every firm with its intricacies. Let’s look into Parkway Wallet. The first step to opening an account is by downloading the Parkway app, and you can download the app on either the Play Store or App Store.

When opening the application, click on the “sign up” text to open an account. The next thing you will be asked is your Bank Verification Number (BVN), so get it ready. Once you enter your BVN, your BVN-attached mail address and phone will be revealed. An OTP will be sent to your BVN Number.

The next thing is you create a password, verify the password, and set your transaction PIN. The application also has a facial unlock feature, which you can set up as you create your new account.

What People Are Saying About Parkway Wallet

On the Google Play Store, the Parkway mobile money has over 10 thousand downloads with just 75 reviews. These reviews have a 3.6 out of 5 stars. Below is a cross-section of some of the recent reviews of the application.

The app on the App Store only has outdated reviews, which is why I won’t be showing snapshots here. You can check the app out yourself on the App Store by searching for “Parkway Project”.

Using the Parkway Project

Downloading the app was smooth, but everything after wasn’t pleasant. Firstly, the app only asks for your BVN and thereafter, brings out your BVN details, email, and phone number. That feels “creepily” cool, but the issue here is that you cannot use a different number to register. When you do, you won’t receive any OTP You can only use either the BVN phone or email for verification.

Parkway mobile money also uses the bait of “All transactions are free,” but it is not so in all cases. When your wallet balance is below 10,000 NGN, you will be charged 15 NGN for each transaction.

My Thought

Parkway Mobile Money is a platform that aims to make your transactions more seamless and without any charges. I am not sure they really match the energy of their competitors like Opay, Paga, etc, but if you’re looking for a mobile money platform with a focus on invoice payments, Parkway could be worth a try. 

However, if you want a wider range of free transactions, exploring other options like Palmpay, Opay might be better. You can also read about other licensed mobile money operators in Nigeria, such as Kegow, KongaPay, Fortis Mobile Money, KongaPay, and NowNow.

Frequently Asked Questions About Parkway Wallet