Comparison

Folio vs ClearPay

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

Head to head
About

Folio

Features
Read full description

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

About

ClearPay

Features
Read full description

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

Folio3 screens
ClearPay4 screens

Verdict

The call

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

CostPrice ยท In-app purchases ยท Ads ยท Monetization

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

UpkeepUpdate frequency

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.

Scorecard2 real differences ยท 4 level
Folio versus ClearPay: the parameters behind the verdict, then further details
ParameterFolioClearPay
PriceFreeFree
Update frequencyEvery 2 weeksEvery 5 days โ€” better
AdsNoNo
In-app purchasesNoNo
DevicesiPhone, iPodiPhone, iPod
Requires iOS15.212.4 โ€” better
Further details โ€” not scored
Size85 MB21 MB
Age rating4+4+
DeveloperCognitiv LimitedFedeth Microfinance Bank Limited

In-app purchases

None

Folio

No in-app purchases

None

ClearPay

No in-app purchases

Questions

Is Folio free?
Folio is free to download, with no in-app purchases.
Is ClearPay free?
ClearPay is free to download, with no in-app purchases.
Do Folio or ClearPay have ads?
Neither Folio nor ClearPay shows ads.
Which is updated more often, Folio or ClearPay?
Folio ships an update every 2 weeks, and ClearPay every 5 days. Most recently, Folio was updated on October 4, 2026 and ClearPay on October 3, 2026.

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