Business and Finance

Eyowo: How To Make Money On Eyowo

Eyowo stands out as a seamless solution for both transactions and income generation. Developed by Softcom Ltd, Eyowo serves as an all-in-one banking solution, allowing users to conduct various financial activities through their mobile phones. This review provides an in-depth exploration of Eyowo, delving into its features, benefits, and unique opportunities to earn money.

What is Eyowo ? 

Eyowo is a Central Bank of Nigeria-licensed mobile payment platform that facilitates a range of financial transactions, including money transfers, bill payments, airtime purchases, and more. Its convenience and accessibility make it a popular choice among users seeking an efficient digital banking experience. The platform was conceived by Softcom Ltd to provide Nigerians with a comprehensive banking solution, accessible through their mobile devices.

Getting started with Eyowo

To begin using Eyowo, interested individuals can download the app from the Google Play Store or Apple App Store. Upon installation, creating an account involves providing basic information such as name, phone number, and email address. Afterward, users set up a password and verify their phone number, finalizing the registration process.

Eyowo Review: Features & Functionalities

Eyowo offers a diverse array of functionalities, enhancing its appeal and utility among users:

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Money Transfer: Users can effortlessly send money to recipients with phone numbers or bank accounts, simplifying the process of financial transactions.

Bill Payments and Airtime Purchases: Eyowo serves as a platform for settling bills, including internet subscriptions, electricity bills, and TV subscriptions. Furthermore, users can buy airtime for any network through the app.

ATM Withdrawals Without a Card: The platform’s innovation extends to enabling cash withdrawals from ATMs without the need for a physical card. A unique code replaces the card, enhancing security and convenience.

Virtual Cards Creation: Eyowo’s virtual card generator empowers users to craft virtual cards in local currency or dollars, facilitating online payments.

Money Lending and Loans: Eyowo provides users with access to a borrowing feature, commonly known as an “Overdraft.” This allows individuals to secure funds when needed.

Savings Functionality: Beyond traditional banking services, Eyowo incorporates savings capabilities. Users can opt for interest-bearing savings accounts or interest-free savings.

Vendor Payments: Users can make payments to vendors through traditional transfers or by scanning the vendor’s unique QR code.

Benefits Of Using Eyowo

Eyowo’s advantages contribute to its popularity and user satisfaction:

Low Transaction Fees: Users benefit from affordable transaction fees, enhancing the financial appeal of using the platform.

Swift Transaction Processing: Eyowo’s quick transaction processing ensures that users experience minimal delays in their financial interactions.

Convenience: Eyowo’s all-in-one nature means that users can handle various financial tasks within a single platform.

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Ease of Use: The platform’s intuitive interface ensures that even those new to digital banking can navigate it with ease.

Versatile Income Generation: Eyowo offers multiple avenues for users to earn money, making it an appealing option for individuals seeking additional income streams.

Robust Security Measures: The platform prioritizes security, ensuring that users’ sensitive financial data is protected.

How To Make Money On Eyowo

Eyowo presents several opportunities for users to earn money:

Referral Program: A straightforward method involves referring friends and family to Eyowo. When new users sign up using a referral link, both the referrer and the new user receive cash rewards. Spreading the word through social media, messaging apps, or in-person interactions amplifies the potential rewards.

Investment Opportunities: Eyowo introduces investment options, allowing users to grow their money. By selecting investment plans that align with their financial goals, users can generate profits.

Savings with Interest: Eyowo’s interest-bearing savings account empowers users to earn interest on their savings, providing an opportunity for growth.

Airtime and Data Sales: Users can capitalize on selling airtime and data bundles to others. This is particularly beneficial in areas with unreliable mobile networks, as users can purchase bulk airtime and data for resale.

Professional Services Payments: Freelancers and independent contractors can leverage Eyowo to receive payment for their services without traditional bank accounts. The platform offers a secure and efficient alternative.


What is the interest rate of EYOWO?

The Eyowo Vault offers a remarkable interest rate of 18%. This innovative savings solution provides an opportunity to expand your funds through a diverse range of options. By participating in the Eyowo Vault, you can benefit from an attractive interest rate that helps your money grow over time. It’s a platform that caters to those seeking competitive returns on their savings while offering a variety of avenues for financial growth.

Can you borrow money from eyowo? 

Absolutely, Eyowo users have the option to borrow money through the platform, and the loans come with no interest rate. To qualify for this borrowing feature, eligibility is assessed based on the user’s transaction frequency. This approach makes borrowing accessible and affordable, aligning with Eyowo’s commitment to providing financial flexibility to its users. Through this initiative, Eyowo offers a unique opportunity for users to access funds when needed, without the burden of interest, making it a valuable resource for their financial needs.

How Do I Fund My Eyowo Account

Users can initiate their Eyowo journey with just their phone number. Depositing funds into the Eyowo wallet is facilitated through various means, including debit cards, instant bank transfers, USSD codes, and vouchers.

How do I get a virtual card on Eyowo? 

To obtain a virtual card on Eyowo, begin by logging into the Eyowo mobile app from the Play Store or web platform. After creating an account, navigate to the dashboard and locate the “More” option. From there, select “Eyowo dollar cards” and choose “Create Card” at the lower part of the screen. To start using the card, simply add funds to it. This process allows you to access a virtual card through Eyowo, enabling you to conveniently make online transactions and manage your finances digitally.

Which app can I use to open a dollar account in Nigeria?

You can use the Grey app to easily open and manage a US Dollar account in Nigeria. With Grey, you can create and use a dollar account without needing to visit a physical bank branch. This account enables you to send, receive, and transact in US Dollars, offering a convenient alternative to traditional banking.


Eyowo’s emergence as a leading mobile payment platform in Nigeria is underpinned by its convenience, security, and diverse functionalities. The platform caters to various financial needs, from money transfers to bill payments, while also offering innovative opportunities for users to earn money. Whether through referrals, selling airtime, receiving payments for services, or investing, Eyowo presents multiple pathways to supplement one’s income. However, success in earning money on Eyowo requires dedication, adherence to terms of service, and ethical conduct. As users embrace this platform, Eyowo plays a pivotal role in shaping the digital banking landscape in Nigeria.

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