V Bank, Nigeria’s first all-digital bank, powered by VFD Microfinance Bank, won Mobile Banking App of the Year at this year’s GAGE ​​Awards held at the prestigious Eko Hotel & Suites , Victoria Island, Lagos, June 11, 2022.

The third edition of the award, titled “Embracing the Digital Era”, is a comprehensive celebration of individuals and brands who have harnessed the power of the internet to make life easier and simpler, as well as to facilitate growth, stimulate innovation and attract new talent. digital space.

V Bank was voted ahead of other financial services brands like GTCO, Access Bank, Polaris Bank and Wema Bank’s ALAT which were competing in the same category. V Bank has emerged as the big favorite in this division, a testament to the fact that it won the same award for 2021 ahead of similar competing brands.

Explaining why the Vbank app was considered in this category, the organizer noted that the Bank app was exceptional, had a mobile design, used large design elements, and provided a logical path to follow while making use easy and obvious. Also, the application focuses on one main task to facilitate transactions in the year under review.

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Commenting, the Managing Director of VFD Microfinance Bank, Gbenga Omolokun appreciated everyone who voted for the bank saying, “Thank you for supporting us over the years by voting for us. We will continue to innovate to continue to serve you better”.

Recently, V Bank updated the mobile app with pioneering features to promote ease of use for its customers. The new app offers exciting features including cardless withdrawals, multiple fund transfers, recurring transactions, proximity payments, advance budgeting, and smart airtime top-up.

Additionally, users can securely access their accounts to automate recurring bills, send and receive funds using a unique QR code, track daily, weekly and monthly expenses, generate virtual cards for online payments and activate/deactivate and modify the PIN codes of physical cards, all. in an elegant, responsive and easy to use interface. Buy airtime and data, open fixed deposits, set savings goals and make free transfers.

Since its inception, the digital bank has onboarded hundreds of thousands of customers and businesses on its mobile banking platform across Nigeria and processed transactions worth billions. The all-digital platform is most accessible in cities such as Lagos, Anambra, Port-Harcourt, Abuja, and Asaba.