Chase MFB Mobile vs Aella MFB

With the Chase Microfinance Bank app, you can: Open & manage your account Create an account quickly with your BVN and personal details View account balances and transaction history anytime, anywhere Send & receive money seamlessly Transfer to Chase and other banks instantly Save and manage beneficiaries for faster future transfers Buy airtime & data in seconds Top up airtime and data for yourself and others Pay using your Chase account securely Pay bills with ease Settle electricity, TV subscriptions and more from one place Get instant payment confirmation and digital receipts Smart savings & goal-based plans Create flexible or fixed savings plans Track progress, top up, and withdraw according to your plan Cards & payments Request and manage your debit card Stay in control with real-time card and account updates Loans & credit access Check eligibility and apply for loans directly in the app Monitor your loan status, repayments, and history Security you can trust Protect your account with secure PIN and biometrics Advanced encryption keeps your data and transactions safe

Aella MFB takes the hassle out of Finance - whether you are a business or an individual, we put control back in your hands with simple, straightforward products. Our "true north" is designed to help customers build financial independence by building simple products; loans, investments, bill payments, micro-insurance plans, and peer-to-peer money transfers. Why Aella MFB? We exist to simplify and open up financial access for all in emerging markets - by leveraging technology and widespread mobile adoption, we build products to make an impact at the frontier of Financial Inclusion. Our app has a feature for verifying addresses, which requires the ability to monitor regions and receive location updates in the background. This feature is essential for accurately verifying a user's address and providing access to higher loan limits and tier 3 level transaction limits. We have created a video showcasing this feature, which we have attached for your reference. You can see in the video how the app monitors a user's location and registers a region around their address. Once the user has visited the region a certain number of times, the address is verified. We understand that enabling the "Location" background mode can have an impact on battery life, and we have taken steps to minimize this impact. For example, we only monitor regions that are explicitly registered by the user and don't monitor location updates when the user is outside registered region. We believe that our use of the "Location" background mode is essential for the core functionality of our app and we have demonstrated this in the video.