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 · Budgeting by income
Make money

Programmed withdrawal vs annuity: which pays more?

How PenCom's two retirement options work, how each monthly pension is worked out, and who tends to come out ahead, with a worked naira example.

PE
Pryme editorialRetirement desk · 19 Oct 2026 · 4 min read
The short answer

Neither option always pays more. A retiree life annuity, bought from a NAICOM-licensed life insurer, pays a set amount for life with a 10-year guarantee, so it pays more the longer you live; programmed withdrawal keeps your balance with your PFA, pays out over a calculated horizon and leaves what remains to your beneficiaries, so it tends to suit people who expect a shorter retirement or want flexibility. Under PenCom's December 2024 guidance, any lump sum is allowed only if what remains buys a pension of at least 50% of your annual pay at retirement.

When a worker on the Contributory Pension Scheme retires, the money in the Retirement Savings Account (RSA) has to be turned into an income. PenCom's rules give two routes: programmed withdrawal, paid by your Pension Fund Administrator (PFA), and a retiree life annuity, bought from a life insurer. Both can start with a lump sum. The choice decides who carries the risk of you living a long time, and who gets what is left when you die.

How programmed withdrawal works

Under programmed withdrawal your RSA balance stays invested with your PFA. You receive a lump sum (if you qualify) and then a pension paid monthly or quarterly, according to TheCable's explainer on the PenCom and NAICOM rules. The PFA works out the pension using PenCom's programmed withdrawal template. PenCom's guidance note on version 2 of that template (December 2024) says it uses an adjusted A55 mortality table, a standard table of life expectancy, and applies at retirement or age 50, whichever is later.

  • The balance remains yours. If you die, what is left in the RSA goes to your beneficiaries.
  • You can move from programmed withdrawal to an annuity later; TheCable reports this is possible after one year.
  • Your pension is not fixed for life. It depends on the remaining balance and how the fund performs, so it can fall if you live much longer than the table assumes.

How a retiree life annuity works

With a retiree life annuity your PFA pays the RSA balance (after any lump sum) as a premium to a life insurer licensed by NAICOM. The insurer then pays you a pension for life. TheCable's explainer describes the annuity as guaranteed for 10 years. You cannot move back to programmed withdrawal once you buy an annuity, though TheCable reports you may switch annuity provider after two years.

Insurers can be stopped from selling new annuities. In May 2025 NAICOM suspended two insurers from underwriting new retiree life annuities and PenCom told PFAs not to process new ones with them, as AllAfrica (Vanguard) reported. Ask your PFA which insurers are currently cleared before you request quotes.

The lump sum rule

PenCom's December 2024 guidance note lifts an earlier cap that limited the lump sum to 50% of the RSA balance. The test now is that a lump sum is allowed only if the balance left can buy an annuity or programmed withdrawal of not less than 50% of your annual remuneration at retirement. TrustFund Pensions adds that where the balance cannot provide a pension of at least one-third of the prevailing national minimum wage, the whole balance may be paid en bloc.

Worked example: same retiree, two choices

Mrs A retires at 60. Her RSA holds ₦60,000,000 and her final annual remuneration was ₦3,600,000 (₦300,000 a month).

  1. The 50% test: her pension must be at least 50% of ₦3,600,000 = ₦1,800,000 a year, or ₦150,000 a month.
  2. Suppose the template or an insurer shows that ₦36,000,000 is needed to produce ₦150,000 a month. Her maximum lump sum is then ₦60,000,000 − ₦36,000,000 = ₦24,000,000.
  3. She takes ₦24,000,000 and compares two ways of drawing the remaining ₦36,000,000.
Programmed withdrawal (illustrative)Annuity (illustrative quote)
Monthly pension at start₦150,000₦150,000
If she dies at 65 (60 months)Paid ₦9,000,000; remaining balance goes to beneficiariesPaid ₦9,000,000; 10-year guarantee applies to the balance of the period
If she lives to 90 (360 months)Payments depend on the balance; may shrink after the table's horizonPaid ₦54,000,000 in total (360 × ₦150,000)
Who keeps the leftover moneyHer estateThe insurer, after the guarantee period

The arithmetic: 60 × ₦150,000 = ₦9,000,000 and 360 × ₦150,000 = ₦54,000,000. If she lives to 90, the annuity has paid ₦18,000,000 more than the ₦36,000,000 premium, before any investment return on the programmed withdrawal is considered. If she dies at 65, programmed withdrawal leaves a large sum to her family that an annuity would not. In practice the two monthly figures will differ, so compare real quotes side by side.

Who should choose which

Programmed withdrawal tends to suit
People with health conditions or a family history of shorter lives, those who want money left to dependants, and those who may want to switch to an annuity later.
An annuity tends to suit
People in good health who fear outliving their money, those with no other income, and those who want a payment that does not depend on fund performance.
Either way
Pension, gratuity and retirement benefits paid in line with the Pension Reform Act are listed as tax-exempt under the Nigeria Tax Act 2025, according to Premium Times' list of reliefs.

What to check first

  1. Your exact RSA balance and final annual remuneration on your PFA statement.
  2. The programmed withdrawal figure your PFA's template produces.
  3. At least two annuity quotes from insurers your PFA confirms are cleared.
  4. Whether the annuity amount is fixed in naira or rises over time, and how the 10-year guarantee is paid to beneficiaries.
  5. How long you have to submit documents; TheCable reports documents go to your PFA within six months of retirement.

Where Pryme fits

Whichever option you choose, pension money arrives as naira into a bank account. A Pryme Personal Account can receive it, and Savings Boxes let you hold a lump sum apart from monthly spending. Your Personal Assistant can set reminders for life-certificate or document deadlines. For the wider picture, see retirement income sources in Nigeria and pension contribution rates.

Questions people ask

Which is better, programmed withdrawal or annuity in Nigeria?

Neither is better for everyone. An annuity protects you if you live long; programmed withdrawal keeps the balance yours and passes what remains to beneficiaries. Compare your PFA's figure with real insurer quotes.

Can I change from annuity to programmed withdrawal?

No. TheCable's explainer on the PenCom rules says an annuity cannot be reversed, although you may switch annuity provider after two years. Programmed withdrawal can be moved to an annuity.

How much lump sum can I take from my RSA?

Under PenCom's December 2024 guidance, any amount, provided the remaining balance buys a pension of at least 50% of your annual remuneration at retirement. Your PFA runs the calculation.

Is pension taxed in Nigeria?

Pension, gratuity and retirement benefits granted in line with the Pension Reform Act are listed as exempt under the Nigeria Tax Act 2025. This is information, not advice; confirm your case with your PFA or a tax adviser.

Sources

  1. PenCom: Guidance note on revised programmed withdrawal template, version 2 (Dec 2024) · accessed Oct 2026
  2. TheCable: Programmed withdrawal, retiree life annuity – what to know about pension payment options (26 May 2022) · accessed Oct 2026
  3. TrustFund Pensions: Benefit payment types · accessed Oct 2026
  4. AllAfrica (Vanguard): NAICOM suspends two insurers from new retiree life annuities (22 May 2025) · accessed Oct 2026
  5. Premium Times via AllAfrica: Govt highlights 50 tax reliefs and exemptions, full list (3 Nov 2025) · 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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