# Parallex eToken

> Generates secure One-Time Passwords for electronic transaction verification. (iPhone/iPad app by Parallex Bank Ltd.)

- Source: https://appshunter.io/ios/app/parallex-etoken/id6449455921 (this page in markdown: same URL + `.md`)
- Developer: [Parallex Bank Ltd](https://appshunter.io/developer/1586321125)
- Category: Finance, Utilities
- Price: Free
- Rating: 4.33/5 from 3 App Store ratings
- Age rating: 4+
- Requires: iOS 15.6 · 4 MB
- Languages: English
- Released: 2023-06-30
- Data updated: 2026-06-10
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/parallex-etoken/id6449455921/reviews.md

## What is Parallex eToken?

The PARALLEX eToken is a mobile app that generates One Time Passwords (OTPs) to verify electronic transactions. An OTP is a secure and automatically generated string of characters that confirms the user's identity during login or when completing electronic transactions.

Electronic transactions, such as web, internet banking banking activities, often require the input of digit codes generated by the PARALLEX eToken app.

To activate the PARALLEX eToken, simply login to the PARALLEX Token app with your Parallex Online Banking credentials. Once logged in, Click on Get started

-Register Token

-Enter Account Number

-Select Corporate Customer

-Click on Register

- the app will authenticate your mobile phone and generate serial number and Activation code

_ Create pin and confirm pin
Once the app is activated, you can create a unique 4-digit PIN for logging into the application and enjoy 24/7 banking services.


SERVICE TO CUSTOMERS AND INFORMATION
You will be charged N2,500 + 7.5% VAT for the first time you activate your token. However, in accordance with the Central Bank of Nigeria's directive, this is a one-time charge for your token. Any additional reinstallation or reactivation will be free.

For further enquiries about the PARALLEX eToken, you can visit www.parallexbank.com or send an email to customercare@parallexbank.com or call us on 070072725539..

Note: To ensure the security of your OTP, never disclose the OTP code to anyone.

## Key features

- Generates One-Time Passwords (OTPs)
- Verifies electronic transactions
- Secure login authentication
- Requires online banking credentials for activation
- PIN protection for app access
- 24/7 banking service access


## Frequently asked questions about Parallex eToken

### 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.

## Version history (last 5 releases)

### 1.4 — 2025-10-03

improved user experience

### 1.3 — 2024-10-04

improved user experience

### 1.2 — 2024-03-08

Bug fixes

### 1.1 — 2024-02-23

Improved user experience

### 1.0 — 2023-06-30

No release notes.

## Apps similar to Parallex eToken

| App | Rating | Price | Category |
| --- | --- | --- | --- |
| [GAPS-Lite](https://appshunter.io/ios/app/gaps-lite/id6449935555) | 1.7 (30) | Free | Finance |
| [Jaiz eToken](https://appshunter.io/ios/app/jaiz-etoken/id6477446077) | — | Free | Finance |
| [9jaPay - Making More Possible!](https://appshunter.io/ios/app/9japay-making-more-possible/id1668066826) | 2.5 (10) | Free | Finance |
| [Mkobo](https://appshunter.io/ios/app/mkobo/id1539929765) | 3.6 (7) | Free | Finance |
| [Stellas: Bank. Invest. Privacy](https://appshunter.io/ios/app/stellas-bank-invest-privacy/id1592332069) | 4.2 (38) | Free | Finance |
| [PremiumTrust Mobile](https://appshunter.io/ios/app/premiumtrust-mobile/id1645438315) | 3.5 (26) | Free | Finance |

## More apps by Parallex Bank Ltd

- [Parallex Mobile App](https://appshunter.io/ios/app/parallex-mobile-app/id1586321123)
- [Parallex Bank Mobile App](https://appshunter.io/ios/app/parallex-bank-mobile-app/id6467655510)

All apps by Parallex Bank Ltd: https://appshunter.io/developer/1586321125

## Related topics

["Parallex"](https://appshunter.io/ios/topics/parallex) · [Parallex](https://appshunter.io/ios/topics/parallex) · [Parallex App](https://appshunter.io/ios/topics/parallex-app) · [Parallex Bank](https://appshunter.io/ios/topics/parallex-bank) · ["Parallex Bank"](https://appshunter.io/ios/topics/parallex-bank) · [parallax bank](https://appshunter.io/ios/topics/parallax-bank) · [Parallex Bank Mobile App](https://appshunter.io/ios/topics/parallex-bank-mobile-app)

---

*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*