What you need to know about Abeg App, the current #BBNaija season 6 headline sponsor

This article contains everything you need to know about the Abeg App, the current BBNaija season 6 sponsor. Without an inch of doubt, the ‘Shine Ya Eye’ Season 6 has already generated a lot of buzzes, with its double entrance weekend, surprise wildcard twists and a spate of talented contestants from dancer Liquorose to Blacklist actor Boma, art curator Arinola and more.

Guy, you have much to enjoy. While a lot of attention has certainly centred around the excitement of a new season and the promise of new stars to stan and celebrate, there’s also an ensuing conversation about this season’s headline sponsor: Abeg App. Moreover, this centres on the young chap on deadlock that owns the organization.

In every business environment, Nigeria precisely, a brand must be able to break into the market and connect with audiences without much push and pull.

There is a witness with fintech apps such as Piggy Vest, Buy Coins Africa, Paystack, Tix Africa and more, which have banked on their relatability with the country’s millennial market who are looking for ease of doing business and making online transactions.

Oya, what is Abeg App?

However, Abeg App is the latest of the fintech companies to garner similar attention in Nigeria’s busy tech ecosystem. Founded by Muheez Akanni and Dare Adekoya in 2019, the social payment app provides a peer-to-peer platform where users can easily transfer money to other users, partake in giveaways and request funds from their contact list of friends.

In addition, it is a peer-to-peer (P2P) social payments platform that lets you send or request money from another Abeg user without having to input any bank details.

All you need is their Abeg tag to send them money and request funds from them.

Although Abeg is similar to Cashapp, its founders hope it’ll break boring rules surrounding current fintech startups and change how regular people think about payment technology.

Abeg makes gifting money and splitting bills between friends easier. Got a frighteningly huge bar tab after that TGIF party? You can contribute to the bill by Abeg-ging it.

You can also buy airtime, pay bills, and link your social media accounts to find Abeg users on Twitter or Instagram.

Why should I use the app?

Sending cash via Abeg won’t cost you a pretty kobo. You can send thousands of naira to Abeg tags (usernames) for free but withdrawals to bank accounts will attract a small fee of ₦10.

This transaction fee is cheaper when compared to P2P payment solutions like Wallets Africa which charge ₦ 23 for successful transfers above ₦5000, amongst other fees.

Abeg App offers referral bonuses to users who invite their friends to create an Abeg account. If your friends download the app through your invite code, and you initiate the first transfer, you get a ₦500 bonus for your troubles.

How do I sign up?

You can log into the Abeg app with these simple steps:

1. Install the app from your Google Play Store or the Apple Store.
2. Tap “Create an account.”
3. Complete the sign-up process by entering your name, phone number, email address, and password.
4. They’d send a One-Time Passcode (OTP) to your line for verification.
5. Once you’re in, you’d need to provide your BVN. This is how they link your bank account to the app, so you can fund your wallet.
6. You’d also need to create a transfer tag that you can share.
7. You can link your social media accounts to your Abeg app to see mutual Abeg users.