BUXME APP BY WEMA BANK & HOW IT WORKS

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Banks in Nigeria are now making banking easier for their customers,not long ago WEMA bank introduced a new banking platform the *945#.Now they are back again with something called the BUXME APP.

The BuxMe app is a service that enables you send and request money cheaply. You can send money to anyone using their phone number, email address and even their account number.

What make the app so cool is that you don’t have to worry about inter-bank transfer charges that ranges from ₦100 to ₦150.Sometimes I see people queuing up at their Banks’s ATM all because of they don’t want ₦65 to be deducted from their account.

With the Buxme app you don’t have to worry about your ₦65,you send and receive money across any bank for a transnational fee of ₦50 regardless of the amount being sent.

HOW DOES IT WORK

The app combines a social media approach to payment,for you to use the app and enjoy its wonderful services,you have to first of all download the app from google playstore.After download you register and create a profile.

 

 

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After signing up a verification code will be sent to your email and phone number,you are required to fill it to verify your account.

 

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ALSO VIEW:WEMA BANK LAUNCHES NEW MOBILE BANKING PLATFORM *945#

 

After your verification has been completed you can the create you profile and add your profile photo,you can add friends to your profile and be added to theirs.This makes the network smoother and eliminates the process of typing account numbers.

When updating your profile you are required to fill in your debit card information this makes it possible for you to send money from your account.

 

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SENDING MONEY THROUGH EMAIL AND PHONE NUMBER

BuxMe allows you receive money as an email or SMS, and then claim the funds into your account by clicking the “Accept” button in the email (or following the link in the SMS). You will then be taken to our ultra-secure claims site to input your account details and collect your money.

RECEIVING MONEY VIA EMAIL OR SMS

With BuxMe, the sender of the money uses a unique passcode known only to him/her to lock the money being sent. The receiver must be informed of the passcode by the sender to successfully receive the money.

SENDING TO AN ACCOUNT NUMBER

Simply type in the person’s account number and hit Send! The money will be sent directly into the person’s bank account, with no action on the part of the receiver. And it still costs just 50 naira.

IN THE AREA OF SECURITY

In their own words “Buxme maintains bank grade security and is PCIDSS compliant.In addition we’ve taken extra steps to ensure that your card details are not stored on the app or your phone.All your transactions are also sent over srtongly encrypted network.We also maintain robust anti-fraud systems to anticipate,detect and block fraud attempts.You however also have a part to play by ensuring your debit card details such as card number,expiry date,CCV (at the back of the card) and PIN are known to you”.

Please note that you dont need an OTP code or your token to perform any transaction.The only thing needed is your card’s CCV number at the back of the card and also your PIN.

CONCLUSION

Well i believe this is a wonderful idea coming from WEMA Bank because the number of people you see in a banking hall and at the ATM can make your day so frustrating.

There are so many payment apps around these days, and most of them are effective,with this idea I see a future where we might not need to use the banks any longer.

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