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Kuda Bank Hits 1 Million Android App Downloads

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Kuda bank is the first  African digital bank Created by Nigeria, it is celebrating a milestone that its android app has as of 20th Feb recorded over a million downloads of the app.

It took to its official Twitter handle @Kudabank to thank its customers for making this 1 million Downloads possible and celebrating the next 1 million to come.

” Thank you for making this happen!

Cheers to the next 1 million downloads”

Since its launch in 2019, Kuda has been concerned about the growth of its community, and to this end, it has built a strategy to provide new upgrades at least every month, Kuda delivers free banking services through its Android, iOS, and web apps.

Kuda microfinance bank is a crypto-friendly bank, which is fully licensed by the Central Bank of Nigeria as a microfinance institution, it is also the first registered bank in Nigeria to be added as part of the Binance P2P payment options in 2020.

This means that anyone buying or selling cryptocurrency through Binance P2P can choose to pay or receive payments with a Kuda account.

Kuda is designed for smartphones and free of the ridiculous charges that are associated with regular banks, and it is also great at helping you to budget, spend smartly, and save more.

The massive growth in numbers of the app download is associated with  its strong digital interest, Some key features of Kuda bank are:

  • No ATM Card Maintenance fees.
  • No Charges for cash withdrawals.
  • “No transfer fees to Other Nigerian banks” (*Kuda gives out two free transfers to other banks every month. After that any transfer carried out to other banks costs N10.)
  • Free Deposits (Kuda account holders can deposit money in over 10,000 branches across Nigeria for a zero charge.)
  • ‘Kuda for Web’ feature allowing you to access your Kuda account via the browser

Kuda digital bank is truly revolutionizing how Nigerians do banking, Kuda recently withdrew its services for crypto exchanges following the recent regulatory ban on all banks and financial institutions against running crypto-related accounts. Despite this regulatory ban, Kuda Bank remains the best mobile digital bank for Nigerians.

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Data Scientist, Tech Enthusiast and a Crypto Lover