About
This app generates secure One-Time Passwords (OTPs) to verify electronic transactions and logins for online banking. It requires activation using your online banking credentials and a one-time fee for initial setup.
What's New in Parallex eToken
1.4
October 3, 2025
improved user experience
Developer apps
FAQ
How do I activate Parallex eToken?
To activate Parallex eToken, log in with your Parallex Online Banking credentials, click 'Get started', then 'Register Token', enter your account number, select 'Corporate Customer', and click 'Register'. You will then create a 4-digit PIN.
What is the cost to activate Parallex eToken?
The initial activation of Parallex eToken costs N2,500 plus 7.5% VAT. This is a one-time charge as per the Central Bank of Nigeria's directive. Subsequent reinstallation or reactivation is free.
Is Parallex eToken secure?
Yes, Parallex eToken generates One-Time Passwords (OTPs) which are secure, automatically generated strings of characters to confirm user identity during logins and electronic transactions. Never disclose your OTP code to anyone.
What devices does Parallex eToken support?
Parallex eToken is supported on iPhone and iPod devices, as indicated by its compatibility with iOS. The app is available for devices running iOS 4+.
How often is Parallex eToken updated?
The latest version of Parallex eToken is 1.4, and it was last updated on October 3, 2025. This indicates regular updates to ensure functionality and security.
What is the user sentiment for Parallex eToken?
Parallex eToken has a rating of 4.3 stars from 3 ratings, suggesting generally positive user sentiment. Users appreciate its functionality in generating OTPs for secure transactions.
Does Parallex eToken have ads?
No, Parallex eToken does not contain advertisements. The app is free to download and use, with the only charge being the one-time activation fee.
Can I use Parallex eToken for all my banking needs?
Parallex eToken is specifically designed to generate One-Time Passwords (OTPs) for verifying electronic transactions and logins for Parallex Online Banking. It facilitates secure access to 24/7 banking services.
