Comparison

Monibac 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

Monibac

Access collateral-free loans and earn interest on savings. This app allows users to save, withdraw, and get loans up to 150% of their savings after three months. Enjoy transparent loan terms and repayment reminders.

Highlights
  • Collateral-free loans
  • Earn interest on savings
  • Loans up to 150% of savings
  • Transparent loan terms
  • Monthly repayment reminders
  • Lock savings for interest
Features
Read full description

Monibac is an app where you can save and earn interest on your savings, and easily top up and withdraw to your account. Why Monibac? There are no charges on deposits. You earn interest when you lock your savings. You can easily top up and withdraw to your account. How it works Install the Monibac App from the App Store Register your account Start saving Lock your savings for a specified period of time to earn interest. For example, if you save for 3 months, you get 3% of your savings; for 6 months, you get 5%. Eligibility Above 18 years Lives in Nigeria Contact Us Customer service Email: admin@monibac.com Customer service Hotline: 07060953139 Address: Block A211, Sura Shopping Complex, Lagos Island, Lagos State.

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

Monibac4 screens
MoneyMaster PSB4 screens

Verdict

The call

The clearest difference is rating: Monibac at 2.8 against MoneyMaster PSB's 2.2. Monibac also leads on ratings volume (87 vs 23). MoneyMaster PSB's advantage is monetization model (free vs free with in-app purchases) and review sentiment (29% vs 18%). On price, update cadence, ads and in-app purchases 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

Monibac holds the better App Store score, 2.8 against 2.2. Both are backed by a comparable volume of ratings — 87 and 23 respectively. Written reviews complicate that: 18% of Monibac'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

Monibac ships an update every 3 months, MoneyMaster PSB every 2 months. The most recent releases landed on October 22, 2026 and October 27, 2026 respectively.

Scorecard4 real differences · 6 level
Monibac versus MoneyMaster PSB: the parameters behind the verdict, then further details
ParameterMonibacMoneyMaster PSB
PriceFreeFree
Rating2.8 (87 ratings) — better2.2 (23 ratings)
Positive reviews17.9% of reviews28.6% of reviews — better
Number of ratings87 — better23
Update frequencyEvery 3 monthsEvery 2 months — better
AdsNoNo
In-app purchasesNoNo
MonetizationFree with in-app purchasesFree — better
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS15.515.1 — better
Further details — not scored
Size68 MB60 MB
Age rating17+17+
DeveloperPrime Zone LimitedMoneyMaster Payment Service Bank Limited

Customer experience

Monibac

All ratings87 ratings
Positive39.1%
Neutral13.8%
Negative47.1%
Written reviews28 reviews
Positive17.9%
Neutral0.0%
Negative82.1%

MoneyMaster PSB

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

In-app purchases

None

Monibac

No in-app purchases

None

MoneyMaster PSB

No in-app purchases

Questions

Is Monibac free?
Monibac 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, Monibac or MoneyMaster PSB?
Monibac is rated higher. Monibac averages 2.8 out of 5 from 87 ratings, while MoneyMaster PSB averages 2.2 from 23 ratings.
Do Monibac or MoneyMaster PSB have ads?
Neither Monibac nor MoneyMaster PSB shows ads.
Which is updated more often, Monibac or MoneyMaster PSB?
Monibac ships an update every 3 months, and MoneyMaster PSB every 2 months. Most recently, Monibac was updated on October 22, 2026 and MoneyMaster PSB on October 27, 2026.

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