Nomba (formerly Kudi)

Nomba is an Android-based digital finance platform which solves a real world problem of moving money quickly, paying bills without friction, while giving small businesses the right tools to accept payments and grow. Created specifically for the Nigerian and wider African market, this Nigeria fintech app packs instant transfers, bill payment, savings, loans and merchant services into one secure interface. Nomba is a financial hub that you can use to send cash to your family, top up your data, run your shop and accept card payments.

Send and receive money instantly.

Nomba’s money transfer system allows for peer-to-peer payments. To send money in seconds, open the app, enter the recipient and his phone number. It is possible to receive payment from other Nomba account holders. Also, you can generate a unique account number to receive bank transfers from any Nigerian bank. The onboarding time takes only a few minutes; just verify your phone number, update basic KYC details and start transacting. The approach of this wallet African digital solution is fast and simple and is particularly relevant for users who do not want to wait in queues at the bank or go through lengthy setup flows.

Security is baked in. Nomba ensures your balance and personal details are secure using bank-grade encryption and fraud detection, so you can safely move money. You can see your transaction histories along with your expenses in real-time and instantly see where your money goes.

Pay bills, airtime and data.

Utility payments are a standout feature. The Nomba app allows you to pay for your electricity, TV, and internet from your wallet. Purchase airtime and mobile data top-up for all the popular Nigerian carriers right inside the app. By combining these, there is no need to go to each biller and wait in queues at kiosks.

Nomba gives you savings products other than transactions. Their Safe Stash gives you interest rates that go up to 20% per annum. You can also save in pots that let you withdraw without penalty. You can also access loans and business financing options. Thus, it is not a payment tool only.

Grow your business with Nomba.

Nomba is everything a merchant needs to manage business expenses and accept payments. This app supports personal and business accounts, which means you can separate household spending and shop revenue. Website and app checkout APIs, QR code payment options, and POS terminal integration (Nomba Mini, Lite, Pro, and Max hardware) are all available to business users. Nomba is well-suited for SMEs that need to accept card payments in-store, manage cash flow over multiple locations, and track expenses in real-time.

The agency banking, which is found in the merchant wallet app, allows agents to offer cash-in/cash-out services and basic financial products to their communities and earn a commission in the process. This will also help Nomba expand its footprint. The QR code payment Nigeria feature helps small merchants to accept payments without physical cash but may not have the ability to pay for full POS hardware.

5 pro tips to get the most out of Nomba

• Consider connecting your bank account with the app at the start to quickly fund your wallet through transfer and avoid any delays.
• Savings pots can be set up to contribute automatically to your goals without manual transfers.
• You can generate your QR codes with the help of a lot of online tools available.
• Choose to receive alerts about any modifications made to your account and quickly take action if your account information is hacked, preventing fraud.
• Take a look at business analytics if you are a merchant, the Nomba dashboard tracks sales trends, and helps optimize cash flow.

Nomba offers features that are specifically tailored to Nigerian & African use cases & probably won’t be useful elsewhere. The app needs to be connected to the internet otherwise it won’t work and no transaction will be allowed when offline. Merchants must also factor in the cost of POS hardware and fees that may apply to transactions. Even if the app is free, it can all add up. In the end, Nomba has competition with OPay, PalmPay, Moniepoint, and other send money in Africa platforms, so check the fees and coverage before you get on board.

Nomba app combines Instant Transfers with Bills Payment, Savings, Loans and Merchant Tool, with a focus on security. Download now to simplify payments and scale faster.