Parallex Bank launched an improved mobile banking app called Parallex Mobile App 2.0.

The Managing Director of Parallex Bank, Dr Olufemi Bakre, said in a statement on Friday in Lagos, that the advanced mobile app was more convenient and functional than the previous version.

Bakre said, “The Parallex Mobile App serves as a comprehensive solution, enabling customers to conduct a diverse array of banking and lifestyle transactions directly from their smartphones or tablets, regardless of time or location. With its user-friendly features, Parallex App 2.0 revolutionises the banking landscape, offering enhanced accessibility and efficiency in financial management.

“With this enhanced mobile banking solution, we aim to empower our customers with greater convenience, flexibility, and control over their finances.”

He noted that Parallex App 2.0 introduced a multitude of features aimed at enriching the banking experience.

He added that customers could access various banking services such as intrabank and interbank transfers, airtime and data top-up, password management, beneficiary management, account upgrades, and more, directly from their mobile devices.

According to Bakre, Parallex Mobile App 2.0 represents a significant milestone in the bank’s ongoing commitment to revolutionise the banking experience.

Parallex Bank is one of the newest commercial banks in Nigeria, having transitioned from a microfinance bank.

The bank, registered in 2008, launched its transition on January 14, a year after it received a licence from the Central Bank of Nigeria.