Gistmo Cash Limited release
Send ₦ with a message.
Gistmo Cash is a naira balance that lives inside Gistmo. Send it to your people right in the chat, top it up from any bank, and cash out to yours.
Not open to everyone yet. It opens in a limited release to verified people, once every approval is in place.1
Sent
Suya money
Money talk, right where you already talk.
Send and receive in chat
Pay back the ride. Without leaving the chat.
Tap Pay in any chat, type the amount, add a note if you like, and confirm with your Cash PIN. The card lands in the conversation like any other message, with one word on it: Sent, Received or Pending. Theirs to spend the moment it says Received.2
Ride was ₦3,500. Send your half
Sent
My half
Received. Thank you
Requests and group splits
Ask. Split. Settle.
Owed money? Send a request and they pay it with one tap and their PIN. In a group, split a bill and watch the card fill up as each person chips in. Open requests close by themselves after seven days.2
You requested
₦12,000 of ₦18,000 · 2 of 3 contributed
Adding money
Top up by transfer. From any bank.
Your balance has its own account number. Send to it from any Nigerian bank app, the way you send any transfer, and it shows up in Gistmo. Top-ups cost 0.5%, and never more than ₦500.3
Add money
Transfer to your own account number from any bank app.
- Account number
- 0123456789
- Account name
- Ada Okafor
0.5% is taken from what arrives, at most ₦500.
Withdrawals
Cash out to your bank.
Withdraw to a bank account in your own name, checked before the first naira moves. A flat ₦100 a withdrawal. Over ₦10,000 the ₦50 stamp duty applies, charged on the bank side, and every line is shown before you confirm.4
Withdraw
To your bank ····4821, Ada Okafor
- Amount
- ₦20,000.00
- Fee
- ₦100.00
- Stamp duty
- ₦50.00
- Total
- ₦20,150.00
Verification and limits
Verified with your BVN.
Gistmo Cash is for verified people. Tier 1 takes your BVN and lets you move up to ₦100,000 a month. Higher tiers, with higher limits, come later. The people you chat with never see your BVN.5
₦100,000 a month
Higher tiers coming
Security
Your PIN. Your face. Your money.
Every payment and withdrawal needs your Cash PIN, or your face or fingerprint on your own phone. Unusual amounts pause for a check, and it takes two Gistmo admins to release them. Every night, every balance is counted against the provider's books. If anything is ever wrong, one switch stops all of Gistmo Cash at once.
- PIN and biometricsNothing moves without your Cash PIN, or your face or fingerprint.
- Holds on the unusualAn amount that looks out of place waits, and two admins must agree to release it.
- Counted every nightEvery balance is checked against the provider's books while you sleep.
- One switch stops it allIf something is ever wrong, Gistmo Cash pauses everywhere, at once.
Where your money sits
Held by Anchor. Counted by Gistmo.
Your naira is held by Anchor, a Nigerian financial provider, in an account in your name. Gistmo keeps a matching ledger of every kobo and checks the two against each other every night. Gistmo is not a bank and does not hold your money itself.6
Privacy
Your transactions stay yours.
Who you pay, how much and why stays between you and them. Gistmo does not sell your data. In a group, the people in that group can see the card, the way they see any message there.7
Fees and limits
Nothing hidden.
Every fee is shown on its own line before you confirm.
| What | Cost or limit |
|---|---|
| Keeping a balance | Free |
| Sending to someone on Gistmo | Free |
| Requests and group splits | Free |
| Top up by bank transfer | 0.5% of the amount, at most ₦5003 |
| Withdraw to your bank | ₦100 flat4 |
| Stamp duty on withdrawals over ₦10,000 | ₦50, charged on the bank side4 |
| Verification | Your BVN (Tier 1) |
| Monthly limit, Tier 1 | ₦100,0005 |
| Higher tiers | Coming later |
Questions? Answers.
What is Gistmo Cash?
A naira balance inside Gistmo. You top it up by bank transfer, send it to people in your chats, and withdraw it to a bank account in your own name. The money is held by Anchor, a Nigerian financial provider, and Gistmo keeps a matching record of every kobo.
Can I use it today?
Not yet. Gistmo Cash opens in a limited release, to verified people first, once every approval is in place. There is no date yet. Tap Get notified and we will write to you when it is your turn, and everyone with Gistmo hears in the app the day it opens.
Who can get it?
People on Gistmo who verify with their BVN. That is Tier 1, with a limit of ₦100,000 a month. Higher tiers with higher limits come later.
How do I add money?
Your balance has its own account number. Transfer to it from any Nigerian bank app and it shows up in Gistmo. 0.5% is taken from what arrives, at most ₦500.
How do I send money?
Open the chat, tap Pay, type the amount and confirm with your Cash PIN or your face or fingerprint. The card appears in the chat for both of you. Sending to someone on Gistmo is free.
How do I get money out?
Withdraw to a bank account in your own name. The account is checked before the first withdrawal. Each withdrawal costs ₦100, and over ₦10,000 the ₦50 stamp duty applies on the bank side. You see every line before you confirm.
Is Gistmo a bank?
No. Gistmo is a chat app. Your money is held by Anchor, a Nigerian financial provider, in an account in your name. Gistmo keeps a matching ledger and reconciles it against Anchor every night.
What happens if something goes wrong?
A payment that cannot be completed shows Failed on the card and nothing leaves your balance. An amount that looks unusual may pause for a check; two Gistmo admins must agree before it moves. If there is ever a problem with the whole system, one switch pauses Gistmo Cash everywhere while it is fixed.
How do I reach Gistmo Cash support?
Write to privacy@gistmo.app, or go to Contact.
Be first in line.
Gistmo Cash opens slowly, to verified people first.
Get notified opens your mail app with the message ready. Send it, and we write back once, when it is your turn. Everyone with Gistmo also hears in the app the day it opens.
Notes
- Gistmo Cash is not available yet. It opens in a limited release, to verified people first, once every approval is in place. There is no launch date. Nothing on this page is an offer of a financial service. ↩
- Payments, requests and splits go to people in the same chat. In a group, everyone in the group can see the card. A request that is not paid closes after seven days. ↩
- The top-up fee is 0.5% of the amount, at most ₦500, taken from what arrives. Your bank may charge its own transfer fee. ↩
- Withdrawals go only to a bank account in your own name. Each withdrawal costs ₦100. The ₦50 stamp duty on amounts over ₦10,000 is charged on the bank side and shown on its own line. ↩
- Tier 1 needs your BVN and allows up to ₦100,000 a month. Higher tiers and their limits will be announced later. Limits can change. ↩
- Your money is held by Anchor, a Nigerian financial provider, in an account in your name. Gistmo is not a bank. Gistmo keeps a matching ledger and reconciles it against Anchor's records every night. ↩
- Gistmo does not sell your data. What Gistmo keeps about Cash and why is in the privacy notice. ↩