The state of mobile banking apps in 2009

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Mobile banking is big news in Africa – and more especially in Nigeria. But mobile banking apps have not made much progress till now. The advent of GSM threw up a slew of mobile banking services, most of which ran basically on simple SMS. Send this code to a certain number to check your account balance. Send another to check last 5 transactions, and so on and so forth.

mobile banking apps

As a matter of fact, when First Atlantic Bank (now First Inland) introduced the SMS banking service years ago, I hopped on immediately, using it to power former DomainStandard hosting services (now Alireta).

First Atlantic was also revolutionary with its FlashMe Cash product, a purely SMS/mobile banking application that was a step above the regular SMS banking service. Funds transfer had never been so easy, and both account holders and non-account holders with First Atlantic could use it. All a user needed was a GSM line.

mobile banking apps - flashmecash

FlashMe Cash Java App

FlashMe Cash also served as a beautiful and effective payment system. DomainStandard Networks used it to full effect back then to receive payments from customers. I also remember that a java-based FlashMe Cash application was also introduced at one point in time.

Enter Interswitch

interswitchA number of years down the road, Interswitch deployed its java-based mobile banking application that allows users check balance, transfer funds, purchase GSM airtime, issue instructions, etc over GPRS or SMS.

What more, Interswitch took this a step further, allowing each individual bank on its platform to brand the application. Thus, today we have the same java-based mobile application branded as SkyeMobile, Umobile, et al.

etranzacteTranzact, another payment processor has a similar application with similar functions.

Where Are The Mobile Banking Apps?

Besides the above-listed mobile banking apps, are you aware of any other? For example, none of the banks with internet banking facilities that I have used have a mobile version of their online banking service. Do you know of any?


  1. Pls I need help…i have been trying a way to get help from Gotv but it couldn’t be easy for me. but flash me cash have been trying for me by flashing me some cash for some time. since they correted my phone no 07064328307 and my name Ekene Nnamani. my life change and I am receiveing fund in my account now. wow. FCMBank Thank U.

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