Octa App set to become the preferred online savings platform in Nigeria

The Nigerian fin-tech space has generated a lot of attention in the past few years with new entrants vying strongly for the consumer’s interest with exciting features. One of such new entrants is Octa. Octa is an online saving and investment platform that allows users to save towards their dreams. Users enjoy a higher interest rate while the lacuna of a poor savings culture in the country is being filled.

Octa, a subsidiary of Page Financials, is positioned to become a preferred choice for users by delivering an exciting and easy user-product interface, competitive interest rates which ranks higher than is obtainable in traditional financial institutions while also giving users the freedom to access their funds at no charge whenever they want to.

Speaking about the product, Adewale Rennaiye, Head of Strategy and Corporate Transformation of Page Financials explained that Page’s interest in creating Octa is to provide a customer-focused product that goes beyond just encouraging savings. “Octa seeks to broaden the financial intelligence of the average Nigerian. With Octa, users save and earn returns which in turn can be used to achieve their goals” he said.

Octa packs exciting feature along with a highly competitive interest rate of between 11-13% per annum. Other features include the availability of creating multiple goals as well as Quick Save which allows users to save up bulk chunks of money they would not want to spend immediately.
Having in mind the need for security, Octa was designed to have bank grade user protection. This begins with a mandatory BVN registration process. With this, users are easily profiled and verified to mitigate against fraud. Octa’s end to end process is safe, customer-friendly and convenient to use.

Octa sign up process

Octa is available for download on Play store for android users and Appstore for iPhone users. The product features can also be accessed via its website www.octa.ng. All users need to do is to;

• Download the app.
• Sign up and confirm their account.
• Add a card and
• Create a savings target.

With this launch, Octa hopes to deepen financial inclusion in Nigeria as well as stimulate an economic growth trajectory in line with the government’s desire to tackle low savings and investment culture among Nigerians.
Are you ready to save and get higher returns, then give Octa a try.