Comparison

Parallex eToken vs GAPS

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

Head to head
About

Parallex eToken

This app generates secure One-Time Passwords (OTPs) to verify electronic transactions and logins for online banking. It requires activation using your online banking credentials and a one-time fee for initial setup.

Highlights
  • Generates One-Time Passwords (OTPs)
  • Verifies electronic transactions
  • Secure login authentication
  • Requires online banking credentials for activation
  • PIN protection for app access
  • 24/7 banking service access
Features
Read full description

The PARALLEX eToken is a mobile app that generates One Time Passwords (OTPs) to verify electronic transactions. An OTP is a secure and automatically generated string of characters that confirms the user's identity during login or when completing electronic transactions. Electronic transactions, such as web, internet banking banking activities, often require the input of digit codes generated by the PARALLEX eToken app. To activate the PARALLEX eToken, simply login to the PARALLEX Token app with your Parallex Online Banking credentials. Once logged in, Click on Get started -Register Token -Enter Account Number -Select Corporate Customer -Click on Register - the app will authenticate your mobile phone and generate serial number and Activation code _ Create pin and confirm pin Once the app is activated, you can create a unique 4-digit PIN for logging into the application and enjoy 24/7 banking services. SERVICE TO CUSTOMERS AND INFORMATION You will be charged N2,500 + 7.5% VAT for the first time you activate your token. However, in accordance with the Central Bank of Nigeria's directive, this is a one-time charge for your token. Any additional reinstallation or reactivation will be free. For further enquiries about the PARALLEX eToken, you can visit www.parallexbank.com or send an email to customercare@parallexbank.com or call us on 070072725539.. Note: To ensure the security of your OTP, never disclose the OTP code to anyone.

About

GAPS

Manage your business finances on the go with real-time balance checks, transfers, bill payments, and check deposits. This secure platform offers 2-factor authentication for convenient and confident banking anytime, anywhere.

Highlights
  • Real-time balance checks
  • Inter-account transfers
  • Bill payments
  • Check deposits
  • Foreign currency transfers
  • Business loan applications
  • 2-factor authentication
Features
Read full description

Manage your business transactions anywhere, any time with the GAPS-Lite Mobile Banking App. You can check real-time balances, make transfers between your accounts, pay bills, approve bulk payment schedule, deposit checks and so much more on the app. It’s simple and convenient. Key features includes: --> Business on the go Log into your business account(s) anytime, anywhere, using only your password. --> Your Business finances, all in one place Check all your account balances, access business trends, perform foreign currency transfers, manage your cheques, apply for business loans, send account statements to your email or to an embassy of your choice, setup and manage standing orders, and more. --> Confidence in a secured platform Bank with confidence on the GAPS-Lite Mobile App with secured 2-factor authentication (2FA) system. --> Simple and secure set up - Install the app and enter your access code, username, and password. - Forgot your password? Reset it using “Forgot Password?” on the login page. - Choose your preferred verification method (Token or 4-digit PIN). - Start using the app immediately with your selected verification method. Enjoy a seamless and user-friendly interface designed to make your business banking convenient.

Screenshots

Parallex eToken4 screens
GAPS4 screens

Verdict

The call

The clearest difference is rating: Parallex eToken at 4.3 against GAPS's 1.7. Parallex eToken also leads on monetization model (free vs ad-supported). GAPS's advantage is update cadence (every 6 weeks vs every 7 months) and ratings volume (31 vs 3). On price, ads, in-app purchases and device support 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

Parallex eToken holds the better App Store score, 4.3 against 1.7. That said, the two scores are not equally well evidenced: GAPS has 31 ratings behind it against 3, so its average is the more settled of the two.

UpkeepUpdate frequency

Parallex eToken ships an update every 7 months, GAPS every 6 weeks. Both last shipped on November 3, 2026.

Scorecard5 real differences · 5 level
Parallex eToken versus GAPS: the parameters behind the verdict, then further details
ParameterParallex eTokenGAPS
PriceFreeFree
Rating4.3 (3 ratings) — better1.7 (31 ratings)
Positive reviews—0.0% of reviews
Number of ratings331 — better
Update frequencyEvery 7 monthsEvery 6 weeks — better
AdsNoNo
In-app purchasesNoNo
MonetizationFree — betterAd-supported
DevicesiPhone, iPodiPhone, iPad, iPod — better
Requires iOS15.613.0 — better
Further details — not scored
Size4 MB67 MB
Age rating4+4+
DeveloperParallex Bank LtdGuaranty Trust Bank PLC

Customer experience

Parallex eToken

All ratings3 ratings
Positive66.7%
Neutral33.3%
Negative0.0%

GAPS

All ratings30 ratings
Positive16.7%
Neutral3.3%
Negative80.0%
Written reviews11 reviews
Positive0.0%
Neutral0.0%
Negative100.0%

In-app purchases

None

Parallex eToken

No in-app purchases

None

GAPS

No in-app purchases

Questions

Is Parallex eToken free?
Parallex eToken is free to download, with no in-app purchases.
Is GAPS free?
GAPS is free to download, with no in-app purchases.
Which has better reviews, Parallex eToken or GAPS?
Parallex eToken is rated higher. Parallex eToken averages 4.3 out of 5 from 3 ratings, while GAPS averages 1.7 from 31 ratings.
Do Parallex eToken or GAPS have ads?
Neither Parallex eToken nor GAPS shows ads.
Which is updated more often, Parallex eToken or GAPS?
Parallex eToken ships an update every 7 months, and GAPS every 6 weeks. Most recently, Parallex eToken was updated on November 3, 2026 and GAPS on November 3, 2026.

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