Pocket by PiggyVest: Pay, sell, save, escrow & more
Pocket App, formerly known as Abeg is a social commerce and payments app that helps individual users and business owners to save more and earn more respectively. In this post, we will talk about how to use Pocket by PiggyVest, how to download the mobile app, PiggyVest head office, Pocket customer support and many more.
What is Pocket by PiggyVest, and how does it work?
Pocket is a Fintech application owned and powered by PiggyTech Global Limited, the parent company of the popular PiggyVest savings platform.
Note that Pocket was formerly known as ABEG, until recently when it was acquired by PiggyTech Global Limited. Following its acquisition, it was rebranded to “Pocket by PiggyVest.”
This was shortly after it received its Approval In Principle (AIP) from the Central Bank of Nigeria (CBN), to operate as a Mobile Money Operator (MOMO) in Nigeria.
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Is it safe to use Pocket by PiggyVest?
Yes, it is. PiggyVest (formerly piggybank.ng) is one of the best savings and investment platforms in Africa. For more than 5 years now, many users have been saving and investing money that they would have unwisely spent on unnecessary occasions.
PiggyVest is registered with the Corporate Affairs Commission (RC 1405222). Pocket by PiggyVest is also licensed by the Central Bank of Nigeria (CBN), to operate as a Mobile Money Operator (MOMO).
More than 500,000 users have downloaded the Pocket mobile app, and none has claimed to be defrauded so far.
Requirements to open an account on Pocket App
The requirements to create an account on Pocket by PiggyVest are very simple. They’re things everyone probably has already.
- National Identity Number (NIN) or any form of identification
- Bank Verification Number (BVN)
- A valid phone number
- Email address
Note that you can create a Pocket account with your phone number or email address for a start. Every other requirement can be provided later.
Also, you might not need KYC verification if you already have a PiggyVest account. All you need to do is link it to your Pocket app and you’re good to go.
Pocket by PiggyVest: Mobile app download
If you own an Android device, you can download and install the Pocket by PiggyVest app from the Google Play Store.
The Pocket Android app has more than 500,000 downloads and a small size of 20 MB. It also has a review rating of 4.3 from over 9,000 users.
If you’re using an iOS device, you can download and install the Pocket iOS app from the Apple App Store. It has a small size of 47 MB.
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What can you do on Pocket by PiggyVest?
Pay bills on Pocket by PiggyVest
You can settle your bills on the Pocket mobile app. From your dashboard, click on the “Bills” button. You will see a list of service and network providers that are available for bill payment on Pocket by PiggyVest.
- Power Pocket
And lots more. Click on the airtime you want to recharge or bill you want to pay. On the next screen, input your user details and follow the prompts.
Send money on Pocket by PiggyVest
With a Pocket account, you can send money to other Pocket users. You can also send or withdraw money to a local bank account.
On your Pocket dashboard, click on the “Transfer” button. It is purple and has an icon resembling that of Telegram. On the next page, select the destination you’re sending money to, input your details and follow the prompts.
Buy products and hire services on Pocket by PiggyVest
Aside from being a payment and savings Fintech application, Pocket is also an eCommerce platform where you can purchase products.
From your homepage, locate the search button. Search for any product that comes to your mind, like shoes, bags, cakes, etc.
For example, you can search for cakes. You will see a list of cakes in grid view (with pictures). They ate from cake vendors that bake cakes and have listed their products on Pocket by PiggyVest.
You can click on whichever one you like and order it directly from the Pocket app. You can also search for services like makeup, tailoring, etc. You will be shown a list of makeup businesses that are present on Pocket by PiggyVest.
Sell your products or list your services on Pocket by PiggyVest
You can also list your product-based or service-based business on Pocket by PiggyVest. You will appear in search results alongside other vendors.
Unlike Jumia, Jiji, Konga, Amazon, eBay and the like, Pocket doesn’t charge any commissions on your sales. You own 100% of whatever you’re selling.
From your dashboard, click on the “Sell” button. On the next page, you will see many options.
- Create a shop from Instagram
- Create a new shop for a new business
- Set up a fashion shop
- Create a personal store for fairly-used items
- Create a mini restaurant for your food business
And many other options. Click on whichever one you think applies to you and follow the prompts.
Use the escrow feature on Pocket by PiggyVest
This feature allows buyers to buy from sellers on the platform without being scammed. It also benefits sellers by guaranteeing their payments at the end of the day.
Here’s how it works. Pocket will collect the money from the buyer but won’t credit the seller until the buyer indicates that the product has been received. Upon delivery, Pocket will release the money to the seller.
That way, the buyer can’t be scammed. The buyer also can’t scam the seller, as he/she must pay the full amount to Pocket before the seller will send the goods.
Save on Pocket by PiggyVest
You can also make savings on the pocket app. You can save individually, with your spouse or with other users in a group (up to 100 participants).
Where is the Pocket head office located?
Pocket is powered, owned, and managed by PiggyTech Global Limited. The head office is present in Nigeria, and you can visit the place for any question or enquiry.
It is situated at Tesmot House, 3 Abdulrahman Okene Close, Off Ligali Ayorinde St, Victoria Island, Lagos.
Pocket by PiggyVest: Customer support and email address
You can always contact Pocket by PiggyVest for questions and enquiries. They have customer support staff that will attend to you.
Email address: firstname.lastname@example.org
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