Overview
PocketApp is the fastest way to send and receive money for free, operating as a comprehensive social commerce and payment platform in Nigeria. PocketApp is powered by Abeg Technologies Ltd, which is licensed by the CBN as a Mobile Money Operator, and the NDIC insures the funds. Originally launched as “Abeg” in 2020, the app evolved into a full social commerce platform that combines payments, shopping, and selling features. It’s designed for individuals, businesses, and groups who want to manage money transactions with a social twist, making it ideal for Nigerian users seeking a modern alternative to traditional banking apps.
Key Features
Free Money Transfers
Send money to any Pocket ID instantly
Pros & Cons
Security Features
Regulatory Compliance: CBN is licensed as a Mobile Money Operator
Fund Protection: NDIC insurance coverage through VFD Microfinance Bank
Data Encryption: BVN and personal data are encrypted and secure
Transaction Security: PIN protection for account access
Escrow System: Built-in escrow for marketplace transactions
KYC Compliance: Address verification using location data
Two-Factor Authentication: SMS-based verification for sensitive operations
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Pocket-to-Pocket Transfer | Free | Instant transfers between Pocket users |
| Bank Transfer | ₦25 - ₦50 | Varies by amount and destination bank |
| Bill Payments | Free - 1% | Depends on the service provider |
| Card Maintenance | ₦1,000/year | Physical debit card annual fee |
| Business Account Free No setup or maintenance charges | Free | No setup or maintenance charges |
| Marketplace Commission | 0% | No commission on sales transactions |
| ATM Withdrawal | ₦35 | Per withdrawal from other banks |
Final Verdict
Pocket app by Piggyvest shows it is safe and offers innovative social commerce features with regulatory backing. While it excels in free transfers and business tools, stability issues and limited geographical reach affect user experience. Best suited for Nigerian users seeking integrated payment and commerce solutions