Pryme
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Pryme Personal

Money with a heartbeat.

Meet Eva, the assistant inside the Pryme app. She opens accounts, moves money, saves toward your goals and follows up. Nothing leaves your account without your approval.

Meet Eva, the assistant inside the Pryme app. She holds dollars, pounds, euros and Naira side by side, swaps at a locked rate, pays bills in any of them and sends anywhere, asking before anything moves.

HomeEvery currency, every Box and every card on one screen.
Chat with EvaTell her the goal. She handles the steps and asks before anything moves.
Savings BoxesFlexible, Fixed, Investment and Interest-free, side by side.
Create a BoxPick the type, name the goal. Eva works out what to move, and when.
LoansSpaces credit and Salary Advance. Draw only what you need.
Invite friendsThree friends, ₦50,000 each, and ₦20,000 lands with you.
YouEva’s voice, your plan, your address and every security control.
Duress signalA word that looks normal on screen while your people are alerted.
Chat with EvaTell her the goal. She handles the steps and asks before anything moves.
Swap at the live rateOr name the rate you want and she swaps the moment it lands.
One card, every currencySpend from whichever balance suits, and freeze it from the app.
What Eva may do without askingStanding permissions, a voice, and a record of every rule you have given her.
Receipts anyone can verifyRegular or certified statements, e-signed and checkable by whoever receives them.
Open a personal account How we keep your money safe
Pryme app: Home
Pryme app: Chat with Eva
Pryme app: Savings Boxes
Pryme app: Create a Box
Pryme app: Loans
Pryme app: Invite friends
Pryme app: You
Pryme app: Duress signal
Pryme app: Chat with Eva
Pryme app: Swap at the live rate
Pryme app: Multicurrency card
Pryme app: What Eva may do without asking
Pryme app: Receipts and statements
MoneyAgentsApprovalAgentsEvery currencyYour approval

Open an account. Get money to spend.

Global money. Intelligent growth.

We give you a limit to spend at the shops and services you already use — and an account that works on your month while you get on with it. Dollars, pounds and euros sit beside your Naira, and an assistant handles the running of it, asking you first every single time.

One global account for your money and business. Move across currencies, automate everyday operations and put AI agents to work — with you in control of every important decision.

Open Personal or Business Account Already with us? Log in
Open a Business account Download the app for Personal Open an account from anywhere
Pryme app home: every currency on one balance
Personal · the app in your hand
Salary landed₦920,000 from John Doe Ltd · Naira account
Done
Move ₦100,000 to your Rent Box?Keeps ₦127.9m liquid · earns 18% p.a.
Approve
Paid Ikeja Electric₦18,400 · token sent by SMS
Done
Swap $200 → ₦310,000?Rate locked at ₦1,550 for 30 s
Approve
Held a ₦150,000 transferNew payee · unusual hour · needs you
Review
Received $2,400From a client · USD account
Done
Swap $200 → £—?Rate locked for 30 s
Approve
Paid the light bill at home₦18,400 · Ikeja Electric
Done
Keep $1,000 liquid, save the rest?$1,400 → Flexible Box
Approve
Held a £2,000 transferNew payee · needs you
Review
Eva is live
500,000+customers, personal and businessScan to get the app
Get the appScan with your phone camera
Regulated partnersEvery currency held with a licensed institution in its market
Solid AllianzeCBNNDIC
Scan to get the app
Get the appScan with your phone camera
Instant settlementOur own core ledger: swaps land at once, every receipt verifiableScan to get the app
Get the appScan with your phone camera
Agents with a mandatePowered by Pryme Intelligence. Nothing moves without youFlip
Pryme Intelligence
Eva, the assistant that runs a Pryme accountEvayour assistant
The Chief of Staff agent on a Pryme Business AccountDanielChief of Staff
The Finance agent on a Pryme Business AccountBenFinance
PrymeBruceCare
Inside a mandate you write. Every action logged.
Multi-currency30 currencies on one balanceFlip
Locked rates30 s
🇺🇸 1 USD—
🇬🇧 1 GBP—
🇪🇺 1 EUR—
The rate you see is the rate you get.
10 years2016 to today, one trunkScan to get the app
Get the appScan with your phone camera
Business Account

Open an account. Get customers.

Your competitor down the road sells the same thing you sell. The difference is who walks in. We put money in people’s hands that can only be spent in businesses like yours — and then we point them at you.

The Pryme Business home page: three currency balances on one account, the money actions, five agents working and a live stream of what they have done
Business · the page your team signs into
Spaces · Nigeria

We hand the customer the money. It can only be spent with you.

You are not borrowing. You are selling to somebody who already has the money — and that money can only be spent with a business like yours.

The business · Pryme Business
johndoe.mypryme.com · Spaces

Spaces Showing 30 days

Spaces is onshoppers near you can see your shop
Spaces brought you · 30 days ₦2,578,550.00 104 sales from 71 shoppers ▼ 4% on the period before
Where the money came from
91% shoppers who had been in before 9% first visit to your shop
21 of 71 came back more than once Average basket ₦24,793.75 Biggest shopper ₦142,300.00
24 Jul returningnew to you 22 Aug
Money on its way to you confirmed at the counter · on its way to your Naira account
Confirmed at the counter ₦47,150.002 sales today · final the moment they paid
Sales of 23 Aug₦90,9503 sales · confirmed
Sales of 24 Aug₦196,2005 sales · confirmed
Sales of 25 Aug₦47,1502 sales · confirmed
nothing for you to do · it arrives on its own
Lands in your NGN account ₦334,300.0010 sales in flight
The shopper · Pryme app
4:34
‹
BorrowLoans
SpacesSalary Advance
Spaces credit₦21,450 available
Repay ₦78,550
₦78,550 in use₦100,000 limit
Hold 25% · repay 2 more early to drop to 20%

₦100,000 from day one · agreement v2.1 · 12 Aug · View

Near youCategories 9Your loans 9
🛒Grocery / Retail4 places
🍽Eateries / Restaurants4 places
💊Pharmacies3 places
🎬Movies & Cinema3 places
🚌Transport3 places
💇Spa’s & Saloons3 places
Say “Hey Pryme”🎤
HomeBoxes CardsYou
Freeto join, nothing monthly. You are in the app the day you switch it on.
You get paidthe sale settles into your Naira account. Nobody to chase.
Zero riskwe carry the credit, whether or not the shopper repays us.
You growfaces that had never been to your shop — and most come back on their own.
The account

One account. Every currency you trade in.

Pryme Business4 currencies · one ledger
Base
₦127,328,879.23NGN · Nigerian Naira
$1,240.00USD · US Dollar
£480.00GBP · Pound Sterling
€310.00EUR · Euro
  • A named Naira account with Solid Allianze MFB — NDIC insured, your business name on it.
  • Real details abroad. A US account number, a UK sort code, an IBAN for the euro area.
  • Every currency has its own statement — regular or certified, with a code anyone can verify.
Swapping · in the app
4:34
‹···
Current account · NGN ₦127,328,879.23
SwapBoth balances move at once, on one ledger
Fill it inAsk Eva
$1 = ₦1,650.00
FromNGN ▾
250,000Available ₦127,328,879.23
ToUSD ▾
151.52after swap $1,391.52
Rate$1 = ₦1,650.00
Fee—
You get$151.52
NowWhen it hits

Eva waits for your rate and asks before she moves anything.

Target rate
$1 =1,585.00₦
Set the watch
Pryme Pay

Take money on your site, or on a checkout of your own.

No card, no OTP, nothing for the buyer to type in. They transfer from the bank app they already use, and the money lands in the same account your agents are running — already matched to the order, already in your books.

Pay from your bank app

We give the buyer a one-time account number. They transfer to it from any bank app or by USSD — no card, no OTP, nothing to type in.

Get the account number
  • Card details are never asked for, so they cannot leak.
  • The account is used once, then it closes.
  • Held with a licensed bank, insured by the NDIC.
Transfer exactly this amount

To this account, from any bank app. We watch it, and the page updates itself.

Send exactly₦26,767.50Copy
BankSolid Allianze MFB
Account number0000 000 000Copy
Account namePRYME / JOHNDOE‑ORD1042
Watching the account — nobody has to confirm anything.
Payment received

₦26,767.50 from GTBank · John D., matched to order ORD‑1042.

OrderORD-1042
Settled intoJohn Doe Trading Ltd · Naira account 0000 000 000
Receiptsent to the buyer
Get your receiptRun it again
Your checkout, your brand.On the site you already have, in your colours, on your own domain — or on a page we host for you.
A link for anything you sell.One price, one buyer, one link — sent on WhatsApp, Instagram or email, and paid the same way.
It lands already reconciled.Matched to the order, receipt issued, and in your books before you have looked at it.
Business Account

A team you did not have to hire.

Five agents come with the account. Each one has a job description, a budget and a ceiling you set. They do the work and bring it to you — nothing leaves the account without your signature.

CS Chief of Staff Runs the week

Knows what is stuck, who is waiting and what you promised — and keeps all three moving.

Booked a meeting with John Doe Foods for Thursday 11:00.
FI Finance Watches the money

Keeps the books as you trade and tells you the moment something does not add up.

Flagged a duplicate — invoice DP‑11908 was already paid in July.
COCompliance Keeps you inside the rules

Holds every filing to its own clock and screens names and payments against your policy — and logs what it refuses.

Screened 412 payments overnight and refused two of them.
SA Sales Chases what is owed

Goes back to the buyers who went quiet, with the receipt already attached.

Recovered ₦410,000 across three overdue invoices.
SU Customer Support Answers your customers

Replies, follows up on what they asked for and hands you only the ones that need you.

Resolved 4 conversations — two deliveries, one refund.
Every agent prepares and proposes. You are the only one who can approve.
Build on Pryme

Our rails, under your product.

Issue a dedicated Naira account number to each of your own customers, collect into it and reconcile against it. The same rails the Business Account runs on, with the licence behind them.

Read the API
Pryme Business

One business account. Every currency you trade in.

Dollars, pounds and euros beside a Naira account, on one ledger and one set of books. Five agents come with it and run the account — nothing leaves without your signature.

The Pryme Business home page: Naira, dollar and pound balances on one account, the money actions, five agents working and a live stream of what they have done
Business · the page your team signs into

A team you did not have to hire

Five agents come with the account. Each has a job description, a budget and a ceiling you set. They do the work and bring it to you — they propose, you approve.

CSChief of Staff Runs the week

Knows what is stuck, who is waiting and what you promised, and keeps all three moving.

Booked the quarterly review with your auditor for Thursday.
FIFinance Watches the money

Keeps the books in every currency you hold and flags the moment something does not add up.

Flagged a duplicate — invoice DP‑11908 was already paid in July.
COCompliance Keeps you inside the rules

Holds every filing to its own clock and screens names and payments against your policy — and logs what it refuses.

Screened 412 payments overnight and refused two of them.
SASales Chases what is owed

Goes back to the buyers who went quiet, with the invoice and the receipt already attached.

Recovered $12,400 across three overdue invoices.
SUCustomer Support Answers your customers

Replies, follows up on what they asked for and hands you only the ones that need you.

Resolved 4 conversations — two deliveries, one refund.
Every agent prepares and proposes. You are the only one who can approve.
Open a business account

Ten years, one trunk

The business has changed shape four times and never changed what it was rooted in. Each version was built out of what the last one could not do.

2016E-commerce

An online grocery store, built out of a faulty tab. Selling the food was the easy part — taking the money for it, and moving it, turned out to be the business.

2018OjirehPrime Card

A prepaid card. The first time the company issued rather than resold, and the first time it carried the obligations that come with holding somebody else’s money.

2020Microfinance bank

PrymeSolid Allianze acquired — an existing bank with an existing licence. The perimeter stopped being someone else’s to draw.

2023Multicurrency

More than one currency on one balance, and the rebrand to Pryme. A Nigerian business could hold dollars without holding a second institution.

2026Agentic operations

Accounts that do the work rather than only hold value. Five agents on the account, inside a policy you write — which is where the new mark starts.

Questions

The things people ask us first.

What is Pryme?

Pryme is a financial technology company. It gives people and businesses in Nigeria one account that holds Naira alongside dollars, pounds and euros, and a set of agents that do the running of it — keeping the books, chasing what is owed, answering customers and paying bills. Nothing leaves an account without the owner’s approval.

Can I hold dollars, pounds and euros in a Pryme account?

Yes. A Pryme account holds Naira, US dollars, pounds sterling and euros side by side on one ledger, each with its own account details — a Nigerian account number, a US account number, a UK sort code and an IBAN for the euro area. You can swap between them at a rate you set, and every currency has its own statement.

What is Spaces?

Spaces is available in Nigeria. It gives a shopper money to spend that can only be spent with a participating business. The business is paid into its Naira account whether or not the shopper repays, because Pryme carries the credit. For the business it is free to join, there is nothing monthly, and the customer’s identity is never shown — only a reference and what it is worth.

What do the agents on a Pryme Business Account do?

Five agents come with the account. The Chief of Staff runs the week and keeps what is stuck moving. Finance watches the money and keeps the books as you trade. Compliance keeps the filings on time and screens what moves. Sales chases what you are owed. Customer Support answers your customers and follows up. Each has a job description, a budget and a ceiling you set, and each one proposes rather than acts — nothing leaves the account without your signature.

How does Pryme Pay work?

Pryme Pay takes payments on your own site or on a checkout page you control. The buyer is given a one-time account number and transfers to it from any bank app or by USSD — no card, no OTP, nothing to type in. The money lands in the same account your agents are running, already matched to the order and already in your books.

What are Savings Boxes?

Savings Boxes are separate pots inside a Pryme account, held in Naira. Flexible Boxes can be withdrawn at any time, Fixed Boxes hold to a date, Investment Boxes hold for longer, and Interest-free Boxes earn nothing by design. A business can use them to ring-fence payroll and the tax it withholds, so that money cannot be spent by accident.

Who holds my money, and is it protected?

Pryme is a financial technology company, not a bank. Accounts and deposits are provided by Solid Allianze Microfinance Bank Limited, which is licensed by the Central Bank of Nigeria and is a member of the Nigeria Deposit Insurance Corporation.

Can I build on Pryme?

Yes. Pryme Rails lets a platform issue a dedicated Naira account number to each of its own customers, collect into it and reconcile against it, over one API — the same rails the Pryme Business Account runs on.

What is Pryme?

Pryme is a financial technology company. It gives you one account that holds US dollars, pounds sterling and euros beside Naira, with an assistant that runs the account for you and asks before anything moves. Accounts are provided in Nigeria today, and further markets open as each licence lands.

Can I open a Pryme account from outside Nigeria?

Accounts are provided in Nigeria today, subject to verification and approval. Foreign-currency balances are held and converted inside that account, so you can hold, receive and swap dollars, pounds and euros wherever you are.

Which currencies can I hold with Pryme?

Naira, US dollars, pounds sterling and euros, side by side on one ledger. Each has its own details — a Nigerian account number, a US account number, a UK sort code and an IBAN for the euro area — and each has its own statement.

How do I send money to Nigeria with Pryme?

Swap at a rate you set rather than the rate of the day, then send to any Pryme username or to a Nigerian bank account. There is no fee to send to another Pryme account.

What does the assistant do?

Eva is the assistant inside the Pryme app. She opens accounts, moves money, saves toward your goals, pays what is due and follows up what is owed to you — and asks you before anything moves.

What is Pryme Rails?

Pryme Rails lets a platform issue a dedicated Naira account number to each of its own customers, collect into it and reconcile against it, over one API — the same rails the Pryme Business Account runs on.

The Ledger

Notes on money that does the work: what we are building, what the regulation actually says, and how we think about letting software act on money. Read the Ledger

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Home · The Ledger · How to get paid in Nigeria: transfers, checkout and invoices
Explainers · Nigeria

POS terminal vs bank transfer: which suits your shop?

POS terminal or bank transfer for a Nigerian shop: 2026 merchant charges, speed, fake alerts, chargebacks, cash limits and a worked cost example.

PE
Pryme editorialBusiness · 16 Oct 2026 · 5 min read

Part of the guideHow to get paid in Nigeria: transfers, checkout and invoices

The short answer

For most Nigerian shops the answer is both: bank transfer is free to receive and final once it lands, while a POS terminal serves customers who want to pay by card and gives a printed confirmation at the till. Under the CBN's 2026 guide to charges, merchants pay a service charge of 0.5% on POS card payments, capped at ₦10,000, while transfers cost the shop nothing to receive but need a reliable way to confirm and match each payment.

Walk into almost any Nigerian shop and you will see both a POS terminal on the counter and an account number taped beside it. Each solves a different problem. This article helps you decide how to weight them, using 2026 charges and rules. For the full range of collection methods, including online checkout and invoices, see our guide to getting paid in Nigeria.

How big each channel is

Both are growing quickly. NIBSS data shows POS transaction value of ₦18.78 trillion in the first quarter of 2026, up 79% on a year earlier, and ₦41.74 trillion for the first half of 2026. Much of that is agent banking, where people use a POS agent to withdraw or send cash. Instant transfers remain much larger overall: NIP carried about ₦285 trillion in the first quarter of 2025 alone. Your customers are comfortable with both.

Side by side

POS terminal (card)Bank transfer to your account
Cost to youMerchant service charge: 0.5% of value, capped at ₦10,000, under the CBN's 2026 guideUsually free to receive; your provider may charge if you use virtual accounts or a checkout
Cost to customerNothing for paying a merchant by POSTheir bank's transfer fee; ₦50 stamp duty on ₦10,000 and above
ConfirmationPrinted slip from your own terminalAlert on your phone or provider dashboard; never the customer's screenshot
SettlementSame day to next day, depending on acquirerSeconds
ChargebacksPossible on card paymentsNone in the card sense; fraud recalls possible
EquipmentTerminal from a bank or licensed acquirer, Android 10 or later, geo-taggedA phone with your banking app, or a display at the till
Network failureDeclines and reversals when the network dropsDelayed credits when a bank is slow
MatchingEach slip carries a referenceHard with one static account; easy with a number per till or per order

When the terminal earns its place

A POS terminal is most useful when customers you do not know buy higher-value items, because the printed slip from your own device is hard to fake. It also serves customers whose bank app is down, who have hit a transfer limit, or who simply prefer to tap a card. Many terminals can now accept a transfer to the terminal's own account as well as a card, which gives you a printed confirmation for transfers too. Card payments on a terminal can still be disputed later, so keep the merchant copy.

When transfer is enough

Transfer works well for regular customers, lower-value sales and businesses where staff can check a phone or dashboard before handing over goods. It suits market traders, salons, food vendors and service businesses that already know their customers by name. The weak point is the moment of confirmation at a busy till. If a queue builds and staff start trusting screenshots, losses follow.

Worked example: a pharmacy's month

A Port Harcourt pharmacy takes ₦9 million a month across 3,000 sales, an average of ₦3,000. Today 40% is paid by card on POS and 60% by transfer to one static account.

  • POS cost: ₦3.6 million of card payments at 0.5% is ₦18,000 in merchant service charges. No single sale hits the ₦10,000 cap.
  • Transfer cost: ₦5.4 million received free into a static account.
  • Hidden cost: 1,800 transfers matched by eye at the till. If even 2% are disputed or unclear, that is 36 conversations a month, and each fake alert accepted is a total loss of the goods.
  • One change: giving each till its own virtual account at, say, 1% capped at ₦300 would cost about ₦54,000 a month on ₦5.4 million of ₦3,000 transfers, and removes most of the matching work and the fake-alert risk.

Whether that ₦54,000 is worth it depends on how much staff time and fraud loss it replaces. For a busy shop it usually is; for a small kiosk with regular customers, a static account may be enough. Our explainer on virtual accounts shows the options and published fees.

Rules that affect the decision in 2026

POS geo-tagging
A CBN circular in August 2025 required all POS terminals to be geo-tagged and registered to the merchant's premises, with transactions more than 10 metres away flagged. Terminals that were not tagged in time were barred from processing. Keep your terminal at its registered address.
Cash withdrawal limits
Since 1 January 2026, individuals can withdraw up to ₦500,000 a week across all channels and companies ₦5 million, with charges of 3% and 5% on excess withdrawals. Holding takings electronically, rather than as cash, avoids those charges.
Transfer stamp duty
Since 1 January 2026 the sender pays ₦50 on transfers of ₦10,000 or more. It does not reduce what you receive.
BVN and NIN
Accounts and wallets without a BVN or NIN cannot transact, which applies to any account you collect into.

Choosing your mix

  1. Count last month's sales by method and average value. That shows what your customers already prefer.
  2. Keep a POS terminal if a meaningful share of customers pay by card, or if you sell high-value items to walk-in customers you do not know.
  3. Make transfer easy: a clear account name, a printed number at every till, and staff trained to confirm on your own device.
  4. If transfers are more than a few dozen a day, move from one static account to a number per till or per order.
  5. Never release goods on a customer's screenshot or SMS; see our guide to chargebacks, reversals and fake alerts.
  6. Reconcile POS settlements and transfers daily, so missing settlements are caught within a day.

Shops that also sell online can add a bank transfer checkout to their website or social pages, so the same transfer habit works away from the counter.

Where Pryme fits

For card terminals, use a bank or licensed acquirer that offers them; this article explains what to compare. For the transfer side of the counter, Pryme virtual accounts are issued over one API, and Multi-Account (Nigeria only) lets a business run more than one account. In Nigeria, Naira deposits are held by Solid Allianze Microfinance Bank, licensed by the CBN and insured by the NDIC up to the applicable limit. For the wider picture, see the main payments guide.

Questions people ask

How much do POS terminals charge merchants in Nigeria?

Under the CBN's 2026 guide to charges, merchants pay a service charge of 0.5% of the transaction value, capped at ₦10,000, for POS payments. Customers pay nothing for paying a merchant by POS. Your acquirer's terms may add other fees, such as terminal rental.

Is bank transfer cheaper than POS for a shop?

Receiving a transfer is usually free, so it is cheaper on direct cost. The trade-off is confirming and matching each payment safely, which can need a virtual account or provider fee at volume.

Can a customer reverse a POS payment?

Card payments made on a POS can be charged back through the card network. Transfers cannot be charged back, though banks can recall funds linked to fraud.

Why must POS terminals be geo-tagged?

A CBN directive from August 2025 requires terminals to carry location data and be registered to the merchant's premises, so that transactions away from that location can be flagged as possible fraud.

Sources

  1. NIBSS: Value of POS transactions surged 79.03% to N18.78trn in Q1 2026 · accessed Oct 2026
  2. New Telegraph: H1'26 e-payments sustain rapid traction as PoS deals up 62.54% to N41.74trn · accessed Oct 2026
  3. E-Payment Transactions Rise 17.7% to N284.99 Trillion in Q1 2025 (THISDAY, citing NIBSS) · accessed Oct 2026
  4. TheNigeriaLawyer: New bank charges guide, CBN retains free POS and low transfer costs · accessed Oct 2026
  5. BusinessDay: CBN orders GPS tracking on POS terminals to curb fraud · accessed Oct 2026
  6. Channels TV: CBN revises cash withdrawal rules effective January 2026 · accessed Oct 2026
  7. Techeconomy: Stamp duty replaces EMTL, sender to bear N50 charge on bank transfers · accessed Oct 2026
  8. BusinessDay: CBN declares no transactions on accounts without BVN, NIN from March 2024 · accessed Oct 2026

This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.

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