Comparison

FirstMonie vs MoneyMaster PSB

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

FirstMonie

This mobile money service allows users to send and receive funds, purchase airtime, and pay bills directly from their phone. It offers convenient access to a mobile wallet, enabling transactions without a traditional bank account.

Highlights
  • Send and receive money
  • Buy airtime and data
  • Pay bills and subscriptions
  • Make purchases from merchants
  • Self-registration in 3 minutes
  • Fund wallet from debit card or bank account
Features
Read full description

Experience a smarter way to bank and manage your money with FirstMonie, FirstBank's next-generation digital financial account. Built for convenience, security, and financial inclusion, FirstMonie gives you access to everyday banking services directly from your mobile device. Why Choose FirstMonie? Open Your Account in Minutes Open your FirstMonie account using your mobile number Complete digital onboarding with real-time identity verification Upgrade to higher account tiers through self-service options Access multilingual support in English, French, and Simplified Chinese Secure and Reliable Access Secure login with PIN, biometrics, and device authentication Enhanced protection through OTP verification Self-service account recovery and reactivation Advanced transaction monitoring and fraud prevention controls Add Money Conveniently Fund your FirstMonie account through multiple channels: Bank transfers Debit card funding Linked bank accounts USSD payments QR payments Cash deposits through approved channels Quick account number sharing and copy functionality Send and Receive Money Instantly Transfer funds instantly to banks and supported accounts Receive money directly into your FirstMonie account Get real-time transaction notifications Enjoy secure transaction authorization and confirmation Buy Airtime and Data Purchase airtime for yourself or others Buy data bundles across supported mobile networks Repeat transactions quickly using saved beneficiaries and transaction history Pay Bills Easily Electricity Cable TV subscriptions Internet services Education payments Utility services Grow Your Finances with Built-in Savings Capabilities Create and manage savings plans Save towards personal financial goals Monitor balances and savings progress in real time Access savings services directly within the app Track Your Finances View account balances in real time Access complete transaction history Download account statements Monitor spending and account activity Receive instant transaction confirmations and updates Manage Your Account from a Single Dashboard Update personal information Manage security preferences Change language settings Access Terms and Conditions and Privacy Policy Locate nearby FirstMonie Agents and FirstBank Branches Perform self-service account management anytime Additional Features Include: Beneficiary management Recurring payments Electricity token retrieval Downloadable receipts and payment confirmations Download FirstMonie today!

About

MoneyMaster PSB

This digital banking app offers mobile wallets, savings, and current accounts for individuals and businesses. Manage funds, send money, pay bills, and purchase airtime/data conveniently.

Highlights
  • Mobile wallets
  • Savings and current accounts
  • Fund transfers
  • Bill payments
  • Airtime and data top-up
  • Business payment solutions
Read full description

MoneyMaster Payment Service Bank (MMPSB) is a leading digital bank in Nigeria that offers a broad range of services that include mobile wallets, savings account, individual current account and business account. Through these accounts, our customers can deposit and withdraw funds, send money, buy airtime and data, purchase or renew cable TV subscriptions, and pay utility bills, such as electricity and water, all from the palm of your hand. We support businesses by offering them bespoke seamless payment solutions, tailored collection services and vendor payment management. Registration: • Glo Customers: Simply enter your active Glo phone number to get started; no additional documents are required. If you wish to increase your transaction limits, you can provide your BVN (Bank Verification Number) for further validation. • Non-Glo Customers: You can open an account by using the phone number registered in your BVN profile. Enter your BVN, and you're good to go. Both Glo and non-Glo customers must use their BVN phone number for BVN validation, whether for account opening or limit adjustments. Types of Accounts: • Glo Customers: You can open a tier-2 mobile wallet without the need for additional validation. After BVN validation, customers from all Mobile Money Operators (MMOs) can open Savings and Current accounts. Savings and Current accounts come with a mobile wallet and default Tier-3 transaction limits. You can customize your transaction limits in the App settings. Services: 1. Fund Your Account: • Via Mobile Banking App: Open your existing mobile banking app, select the "send" or "transfer funds" option, enter the recipient's phone number without the first '0' (e.g., 805557xxxx), choose 'MoneyMaster PSB' as the recipient bank, enter your PIN, and submit. • At a Gloworld Shop: Visit your nearest Gloworld shop and deposit cash at the cashier's desk to fund your wallet. 2. Send & Receive Money: You can send money to any bank account or mobile wallet in Nigeria by providing the beneficiary's bank account number and bank name. To receive funds, simply share your phone number without the first zero as your account number. Alternatively, you can share your 10-digit savings or current account number (NUBAN) with the sender. 3. Withdraw Cash: To withdraw cash, visit your nearest Gloworld location. From your app, select 'withdraw,' enter the 6-digit agent code displayed at the cashier's desk, specify the amount, input your Transaction PIN, and you're done. Collect your cash from the cashier. 4. Buy Airtime & Data: You can purchase airtime for any mobile network operator in Nigeria and buy data packs directly from the app. We provide a pop-up menu for easy selection of data bundles for each operator. 5. Cable TV: Access the cable TV icon on the app, choose your service provider, select your plan, enter your customer ID (smartcard number), and submit. 6. Electricity: Navigate to the electricity icon on the app's homepage, select your biller, enter your meter number, specify the amount, input your PIN, and submit. For added convenience, you can save beneficiaries for future transactions. Check your most recent or historical transactions through the 'Transaction' button in the app's footer menu. To learn more about MoneyMaster PSB , please visit our website (https://moneymasterpsb.com/) or follow us on social media: • Facebook: https://www.facebook.com/profile.php?id=61552839581320&mibextid=LQQJ4d • Twitter: https://twitter.com/Moneymasterpsb • Instagram: https://www.instagram.com/moneymasterpsb/

Screenshots

FirstMonie4 screens
MoneyMaster PSB4 screens

Verdict

The call

The clearest difference is rating: FirstMonie at 3.2 against MoneyMaster PSB's 2.2. FirstMonie also leads on update cadence (every 3 weeks vs every 2 months). On price, review sentiment, ratings volume and ads there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

FirstMonie holds the better App Store score, 3.2 against 2.2. Both are backed by a comparable volume of ratings — 65 and 23 respectively. Written reviews complicate that: 21% of FirstMonie's written reviews are positive against 29% of MoneyMaster PSB's, so the app with the better star average is not the one people write more warmly about.

UpkeepUpdate frequency

FirstMonie ships an update every 3 weeks, MoneyMaster PSB every 2 months. The most recent releases landed on October 23, 2026 and October 27, 2026 respectively.

Scorecard2 real differences · 8 level
FirstMonie versus MoneyMaster PSB: the parameters behind the verdict, then further details
ParameterFirstMonieMoneyMaster PSB
PriceFreeFree
Rating3.2 (65 ratings) — better2.2 (23 ratings)
Positive reviews20.7% of reviews28.6% of reviews — better
Number of ratings65 — better23
Update frequencyEvery 3 weeks — betterEvery 2 months
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS15.515.1 — better
Further details — not scored
Size161 MB60 MB
Age rating4+17+
DeveloperFirst Bank of Nigeria LimitedMoneyMaster Payment Service Bank Limited

Customer experience

FirstMonie

All ratings65 ratings
Positive47.7%
Neutral9.2%
Negative43.1%
Written reviews29 reviews
Positive20.7%
Neutral0.0%
Negative79.3%

MoneyMaster PSB

All ratings8 ratings
Positive37.5%
Neutral12.5%
Negative50.0%
Written reviews7 reviews
Positive28.6%
Neutral0.0%
Negative71.4%

In-app purchases

None

FirstMonie

No in-app purchases

None

MoneyMaster PSB

No in-app purchases

Questions

Is FirstMonie free?
FirstMonie is free to download, with no in-app purchases.
Is MoneyMaster PSB free?
MoneyMaster PSB is free to download, with no in-app purchases.
Which has better reviews, FirstMonie or MoneyMaster PSB?
FirstMonie is rated higher. FirstMonie averages 3.2 out of 5 from 65 ratings, while MoneyMaster PSB averages 2.2 from 23 ratings.
Do FirstMonie or MoneyMaster PSB have ads?
Neither FirstMonie nor MoneyMaster PSB shows ads.
Which is updated more often, FirstMonie or MoneyMaster PSB?
FirstMonie ships an update every 3 weeks, and MoneyMaster PSB every 2 months. Most recently, FirstMonie was updated on October 23, 2026 and MoneyMaster PSB on October 27, 2026.

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