Eyowo is a mobile payment app that offers a variety of financial services, including loans. However, on August 4, 2023, the Central Bank of Nigeria revoked Eyowo Microfinance Bank’s license, meaning that Eyowo is no longer able to offer loan services.
Eyowo USSD Code
The Eyowo USSD code is *4255#. This code can be used to access a variety of banking transactions, such as checking your balance, transferring funds, and paying bills. However, you cannot use the USSD code to apply for a loan.
Eyowo Customer Care Number
The Eyowo customer care number is +23417001520. You can also reach out to the customer care team via WhatsApp on +2349080030003.
Alternatives to Eyowo Loans
If you are looking for a loan in Nigeria, there are a number of other options available. Some popular alternatives to Eyowo loans include:
- Aella Credit
When choosing a loan provider, it is important to compare interest rates and terms to find the best deal. It is also important to make sure that the provider is licensed by the Central Bank of Nigeria.
What is the USSD code for Eyowo?
The USSD code for Eyowo is *4255#. You can dial this code from any mobile phone in Nigeria to access a variety of banking services, including:
- Checking your balance
- Transferring money
- Paying bills
- Airtime recharge
- And more
To use the Eyowo USSD code, simply dial *4255# and follow the on-screen instructions. You will need to enter your Eyowo PIN or biometric authentication to complete certain transactions.
Here are some examples of how to use the Eyowo USSD code:
- To check your balance, dial *4255*1#.
- To transfer money, dial *4255*2# and follow the on-screen instructions.
- To pay a bill, dial *4255*3# and select the bill type you want to pay.
- To recharge airtime, dial *4255*4# and enter the phone number you want to recharge.
How Eyowo Works
Eyowo is a Nigerian financial technology company that provides mobile financial services, including mobile wallets, money transfers, bill payments, and airtime recharge. Eyowo is licensed by the Central Bank of Nigeria as a Payment Service Provider (PSP).
To use Eyowo, you can download the Eyowo app from the Google Play Store or Apple App Store. Once you have downloaded the app, you will need to create an account. You can create an account using your phone number or email address.
Once you have created an account, you can fund your Eyowo wallet using a variety of methods, including:
- Bank transfer
- Debit card
- Credit card
- USSD code
Once your wallet is funded, you can start using Eyowo to send and receive money, pay bills, and recharge airtime.
Here is a brief overview of how Eyowo works for some of its most popular features:
Sending and receiving money
To send money to another Eyowo user, simply open the app and tap on the “Send” button. Enter the recipient’s phone number or email address, and the amount you want to send. You can also add a note to your payment. Once you have reviewed the transaction details, tap on the “Send” button to complete the transaction.
To receive money from another Eyowo user, simply share your phone number or email address with them. They will be able to send you money using the Eyowo app.
Eyowo allows you to pay a variety of bills, including electricity, water, Internet, and TV bills. To pay a bill, open the app and tap on the “Bills” button. Select the bill you want to pay and enter the required information. Once you have reviewed the transaction details, tap on the “Pay” button to complete the transaction.
Eyowo allows you to recharge airtime for all major Nigerian mobile networks. To recharge airtime, open the app and tap on the “Airtime” button. Enter the recipient’s phone number and the amount of airtime you want to recharge. Once you have reviewed the transaction details, tap on the “Recharge” button to complete the transaction.
In addition to the features listed above, Eyowo also offers a variety of other financial services, such as:
- Savings accounts
Eyowo is a convenient and affordable way to manage your finances. It is especially useful for people who do not have access to traditional banking services.
How do I borrow money from eyowo?
Eyowo does not currently offer a direct borrowing service to its users. However, there are a few ways that you can borrow money using Eyowo:
- Borrow from a friend or family member. You can send a money request to a friend or family member through Eyowo. If they agree to lend you the money, they can send it to you using the Eyowo app.
- Use a third-party loan app. There are a number of third-party loan apps that allow you to borrow money using your Eyowo account. To do this, you will need to download the loan app and create an account. Once you have created an account, you will be able to link it to your Eyowo account. Once your accounts are linked, you will be able to borrow money from the loan app and receive it in your Eyowo account.
Here are some steps on how to borrow money from Eyowo using a third-party loan app:
- Download and install a third-party loan app on your phone.
- Create an account on the loan app and link it to your Eyowo account.
- Select the amount of money you want to borrow and the repayment terms.
- Submit your loan application.
- If your loan application is approved, you will receive the money in your Eyowo account.
It is important to note that third-party loan apps may charge high interest rates and fees. It is important to compare different loan apps and choose one that offers the best rates and terms for you.
Here are some tips for borrowing money from Eyowo:
- Only borrow money from a trusted friend or family member or from a reputable third-party loan app.
- Make sure you understand the terms and conditions of the loan before you borrow the money.
- Make sure you can afford to repay the loan on time.
- Borrow only what you need.
Who is the CEO of Eyowo?
The CEO of Eyowo is Omoseindemi Olobayo. He has been in the role since 2020. Omoseindemi is a seasoned entrepreneur and business leader with over 15 years of experience in the fintech and payments industry. He is passionate about using technology to drive financial inclusion and economic growth in Africa.
Prior to joining Eyowo, Omoseindemi was the CEO of Paystack, a leading Nigerian payments company. He also held senior roles at PayPal and McKinsey & Company. Omoseindemi is a graduate of Stanford University Graduate School of Business and the University of Oxford.
Eyowo is a Nigerian fintech company that provides a variety of financial services, including mobile payments, money transfers, and bill payments. The company is committed to providing innovative and affordable financial products and services to its customers.
both Paystack and Eyowo are prominent players in the Nigerian fintech industry, each bringing their own unique expertise and offerings to the market. With his extensive experience in the payments sector, Omoseindemi’s leadership at Paystack is undoubtedly contributing to the company’s success. On the other hand, Eyowo’s commitment to innovation and affordability has positioned them as a reliable and accessible option for individuals and businesses in need of financial services.
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