Mkobo vs PowerPay Ng
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Mkobo
This neo-bank offers fair, simple, and affordable financial services to underserved populations. It provides interest on balances, free transfers, and cashback rewards, aiming to help users achieve their financial goals.
- Interest on balances
- 30 free transfers monthly
- Savings growth with Mkolo
- No account maintenance fees
- Bill payments with no extra cost
- Cashback on airtime and data
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Mkobobank is a neo-bank providing financial services that is fair, simple, and affordable to the underserved demography which will ultimately help to realise your dreams your. Download the Mkobobank app today Why Mkobobank? - Fairplay - Enjoy our Fairplay promise - say goodbye to those unfair bank charges! You earned the money and you deserve to keep it! - Interest on balances - Earn daily interest on your sitting balance! - Free Transfers - Get 30 Free transfers monthly! Thats 1 per day! - Mkolo - Grow your savings with Mkolo earn great return on your savings. - 0 Charges - NO account maintenance, NO minimum balance! - Bill payments - Pay for airtime, Electricity bill, Internet Data Subscription, etc at no extra cost. - Cash backs - Enjoy cashback on airtime and data subscription How to get started - Download the Mkobobank app - Sign up and create your bank account - Update and complete your profile - Upgrade to tier 2 or 3 by providing the required KYC. Enjoy fairplay banking Mkobobank - “Every Kobo Counts” Security Mkobo takes your security very seriously. We use highly bank-grade encryption to secure your personal data Regulatory Mkobo.bank is owned and managed by Mkobo Microfinance Bank Limited which is fully licensed by the Central Bank of Nigeria (CBN). All Customer deposits are protected by the Nigeria Deposit Insurance Corporation (NDIC). Get in Touch You can always reach us via the following channels: Social media: @mkobobank on Instagram, Twitter, LinkedIn, and Facebook. Email address - help@mkobo.com.ng Website - https://mkobo.bank We’d love to hear from you!
PowerPay Ng
Easily swap digital assets to Naira and conduct international transactions with a virtual card. Recharge prepaid and postpaid electricity meters instantly using various payment methods. Purchase airtime and data bundles with a single tap.
- Swap digital assets to Naira
- International transactions with virtual card
- Electricity meter recharge (prepaid/postpaid)
- Instant token generation
- Multiple payment methods (USSD, card, bank transfer)
- Buy airtime and data bundles
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PowerPay — Gift Cards, Crypto & Bills, All in One App PowerPay is Nigeria's all-in-one app built for speed, security, and simplicity. Sell your gift cards for instant cash, swap crypto to Naira, pay your bills, and shop internationally — all from one wallet. Sell Gift Cards for Instant Cash Turn your Amazon, iTunes, Steam, Google Play, and other gift cards into cash in as fast as one minute. No waiting days for payment — get paid straight into your PowerPay wallet. Buy Gift Cards with Naira Need a gift card fast? Buy directly with Naira and get instant delivery to your email or wallet. ₿ Swap Crypto to Cash Convert Bitcoin, USDT, and other crypto assets to Naira quickly, securely, and at competitive rates — no complicated exchanges required. Pay Bills in Seconds Electricity — get your prepaid or postpaid token instantly Airtime & Data — top up any network (MTN, Airtel, Glo, 9mobile) Cable TV — pay DStv, GOtv, and Startimes subscriptions Virtual Dollar Card for International Payments Shop and subscribe on global platforms like Netflix, Amazon, and Apple with a secure PowerPay virtual dollar card — cheaper and safer than traditional options. Multiple Ways to Fund Your Wallet USSD Bank Transfer Debit/Credit Card Why Nigerians choose PowerPay: Fast, reliable transactions , Bank-level security , Competitive rates on every swap and sale , Responsive customer support Trusted by thousands across Nigeria. Whether you're cashing out gift cards, converting crypto, settling your electricity bill, or shopping online, PowerPay puts it all in one simple, secure app. Download PowerPay today and experience Nigeria's fastest way to sell gift cards, swap crypto, and manage your money.
Screenshots
Verdict
The clearest difference is review sentiment: Mkobo at 100% against PowerPay Ng's 33%. Mkobo also leads on ads (none vs shown) and update cadence (every 10 days vs monthly). PowerPay Ng's advantage is rating (5.0 vs 3.6). On price, in-app purchases, device support and iOS requirement 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
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
PowerPay Ng holds the better App Store score, 5.0 against 3.6. That said, the two scores are not equally well evidenced: Mkobo has 7 ratings behind it against 1, so its average is the more settled of the two. Written reviews complicate that: 100% of Mkobo's written reviews are positive against 33% of PowerPay Ng's, so the app with the better star average is not the one people write more warmly about.
Mkobo ships an update every 10 days, PowerPay Ng monthly. Both last shipped on November 3, 2026.
| Parameter | Mkobo | PowerPay Ng |
|---|---|---|
| Price | Free | Free |
| Rating | 3.6 (7 ratings) | 5.0 (1 ratings) — better |
| Positive reviews | 100.0% of reviews — better | 33.3% of reviews |
| Number of ratings | 7 — better | 1 |
| Update frequency | Every 10 days — better | Monthly |
| Ads | No — better | Yes |
| In-app purchases | No | No |
| Monetization | Free — better | Ad-supported |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.6 | 15.0 — better |
| Further details — not scored | ||
| Size | 118 MB | 151 MB |
| Age rating | 17+ | 4+ |
| Developer | MKOBO Microfinance Bank | ODDVPN TECHNOLOGY LTD |
Customer experience
Mkobo
PowerPay Ng
In-app purchases
Mkobo
No in-app purchases
PowerPay Ng
No in-app purchases
