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Pocket by PiggyVest Review: Social commerce site in Nigeria

Pocket by Piggyvest app is a social commerce app that helps connect sellers and buyers in a social media like ecosystem. Think of your regular social media sites like Facebook and Instagram, but instead of personal posts and funny cat videos from your friends, what you will see on your feed is products and services that matches your needs.

Here you can discover local products from sellers in your vicinity and beyond. The app also comes with other features such as bill payments, peer-to-peer cash transfer among Pocket app users, social crowdfunding in which up to 100 people can participate to meet a savings target, escrow service for both buyers and sellers etc.

The pocket app was formerly known as Abeg app which was acquired by the online savings platform, Piggyvest. Following its acquisition, it was rebranded to “Pocket by PiggyVest.”

 Is Pocket by PiggyVest legit?

Yes, Pocket app is a legit social commerce platform, it received its Approval In Principle (AIP) from the Central Bank of Nigeria (CBN), to operate as a Mobile Money Operator (MOMO) in Nigeria after it was acquired by Piggyvest Limited.

Piggyvest has been operating in Nigeria for more than 5 years now as a savings and investments platform with millions of customers. Pocket app by Piggyvest is set to be one of the sponsors of the season 7 of Big Brother Naija reality TV show, which is watched by millions of Africans. This marketing stunt will add more people to their 500k existing users.

What other users are saying about the Pocket app

These reviews are from users on the Google play store for android devices, but the experience should be similar on other devices.

HOPE YUSUF wrote, “App seem to be great, based on the functionality I’ve seen, but right now I can’t use the app, I’m kept in this loop, I login with my pin code or biometric, I get to the home page, and after a short buffer, I’m taken back to login page. I’ve cleared cache for the app, I’ve uninstalled and reinstalled, still same problem. This is my first time using the app.”

E-square Solution wrote, “the experience was awesome. I was quite angry at piggyvest for not allowing me to transfer from their app but when directed to this pocket app which I first find disturbing but had to try it out, the transaction was smooth like ice cream. tanks lot guys,”

Obinna Merife wrote, “This is very lousy app. How can one’s account be restricted and there’s no where in the app where one can have it be unrestricted except the “customer service” is contacted? Customer service that only works on work days? What sort of app is this? Kindly unrestrict my account please. So I can close it. I’m totally frustrated! What is this self?”

damilola susan wrote, “An alternative should be provide in place of BVN Verification, maybe NIN number or ID Card upload. I don’t have the number I used to register my BVN and the camera feature for Verification isn’t working. That was why I uninstalled the App the first time. And now and back cos of the business feature but its still the same problem.”

What can you do on Pocket by PiggyVest?

SHOPS

As a seller, you can now create shops to sell your products online for free. You can create a Pocket shop by importing items directly from your Instagram. The best part is that you pay 0% commission on sales. You can also open multiple shops and add your staff to manage orders.

ESCROW

This feature allows you to shop (buy) with confidence. It eliminates the fear of getting scammed by online vendors — Pay when you’ve received your order. As a seller, it guarantees that you get your money when you deliver.

NEGOTIABLE PRODUCTS

This is particularly useful for people who want to sell off their used household items, clothes, shoes, bags, gadgets, etc. You can now make the price of any item you’re selling negotiable.

TRANSFERS

You can now transfer money to any bank account in Nigeria using the Pocket App. However, transferring money from your Pocket to another person’s Pocket (P2P) is incredibly fast and never fails. #GoAndVerify

GET PAID

You can now get a customised account number for your business when you open a Pocket shop. When you receive funds in your Pocket from your customers or friends, you’ll get an instant notification and update to your timeline.

MARKETS

This feature allows you as a seller to promote your products or services for a wider reach and as a buyer, this allows you to find anything you’re looking for with ease. (Tip: Follow all the markets you’re interested in for updates)

Pocket by Piggyvest customer care/support number

If you want to reach the piggyvest customer care, you can do so via the following:

Piggyvest customer care number: 0700 933 933 933

Email: contact@piggyvest.com

Address: 16 Boyle Street, Onikan, Lagos Island, Lagos, Nigeria.

Ismaeel

Statistician with interests in finance, risk management, loan products and market surveys. I also write on crypto currencies, Forex and a variety of financial instruments.

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