Folio vs ClearPay
Price, ratings, monetisation and update history for both apps, side by side โ with what reviewers say about each.
Folio
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Kia Ora Welcome to Folio, insurance that doesn't suck! We want Kiwis to have the most convenient and affordable insurance in the world. We created a mobile app to handle all your insurance for you while providing great insurance prices. WHO CAN USE THE APP - Anyone who wants to buy insurance or let Folio manage it for them. FEATURES FOR CLIENTS - One place to go for all your insurance needs - Have access to all your benefits at your fingertips - Instant help through our live chat with our expert advisers - View all of your insurance in one place
ClearPay
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Take full control of your money with ClearPay MFB Mobile App โ the simple, secure, and convenient way to manage your everyday banking. Whether you need to send money or pay bills, everything you need is just a tap away. Key Features: Money Transfers: Instantly send money to ClearPay MFB accounts, other banks in Nigeria, and your saved beneficiaries. Airtime & Data: Top up airtime and buy data bundles for MTN, GLO, Airtel, and 9mobile anytime, anywhere. Bill Payments: Pay electricity bills, cable TV subscriptions, internet services, state and ministry payments, all in one place. International Payments: Stay connected with UK, USA, and South Africa top-ups plus support for international services and online shopping. Specialised Services: Pay for school fees (EDUPAY, SchoolBoard), embassy and airline fees, insurance, religious contributions, event tickets, and much more. Beneficiaries Management: Save frequent contacts for faster, stress-free transactions. Secure Banking: Your account is protected with the latest security features, giving you peace of mind every time you transact. Why Choose ClearPay MFB App? * Fast and reliable transfers * Wide range of billers and payment options * Easy airtime/data recharge for all major networks * Local and international payment support * Simple, intuitive, and secure mobile banking
Screenshots
Verdict
The clearest difference is update cadence: ClearPay at every 5 days against Folio's every 2 weeks. ClearPay also leads on iOS requirement (12.4 vs 15.2). On price, ads, in-app purchases and device support there is nothing between them.
Scored on Price ยท Rating ยท Positive reviews ยท Number of ratings ยท Update frequency ยท Ads ยท In-app purchases ยท Monetization ยท Best chart rank ยท Devices ยท Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Folio ships an update every 2 weeks, ClearPay every 5 days. The most recent releases landed on October 4, 2026 and October 3, 2026 respectively.
| Parameter | Folio | ClearPay |
|---|---|---|
| Price | Free | Free |
| Update frequency | Every 2 weeks | Every 5 days โ better |
| Ads | No | No |
| In-app purchases | No | No |
| Devices | iPhone, iPod | iPhone, iPod |
| Requires iOS | 15.2 | 12.4 โ better |
| Further details โ not scored | ||
| Size | 85 MB | 21 MB |
| Age rating | 4+ | 4+ |
| Developer | Cognitiv Limited | Fedeth Microfinance Bank Limited |
In-app purchases
Folio
No in-app purchases
ClearPay
No in-app purchases









