SabiPay – A Unified Digital Banking Solution

Project Overview

Ingenium Studios partnered with SABI Bank to develop SabiPay, a comprehensive mobile banking and digital payments platform tailored specifically for the Nigerian market. Designed for both Android and iOS using a cross-platform React Native framework, SabiPay brings together wallet services, bill payments, peer-to-peer transfers, and core banking functions into a single secure application.

SabiPay fills a critical gap in Nigeria’s rapidly digitizing financial landscape—offering users the ability to perform all financial tasks in real-time, with strong security, even in low-bandwidth conditions.

Core Features & User Experience

🔐 User Registration & KYC Verification

• Objective: Enable secure onboarding with identity validation.
• Implementation: Integrated BVN verification via CORE ID, with two-factor authentication (2FA) and encrypted data transmission to comply with banking regulations.

💼 Wallet Management & Recharge

• Objective: Offer fast and reliable wallet funding.
• Implementation: Connected to Paystack, the wallet supports instant recharge through card, bank transfer, and USSD, with real-time webhook monitoring and fallback verification for failed transactions.

💡 Bill Payments & Services

• Objective: Simplify bill management for everyday needs.
• Implementation: Users can pay over 20 categories of bills, with support for recurring payments through an auto-scheduler and smart notification system.

🔄 Peer-to-Peer Transfers

• Objective: Enable instant, secure money transfers between users.
• Implementation: Users can send/receive funds via QR codes, mobile numbers, and PIN-based authorization.

👥 Split Bill Payments

• Objective: Make shared payments easier and traceable.
• Implementation: Users can initiate group payment requests and track contributions using real-time notifications and contact list integration.

🏦 Core Banking Services

• Objective: Provide full banking capabilities directly from the app.
• Implementation: Via direct API integration with SABI Bank, users can access savings, current accounts, fixed deposits, and overdraft facilities.

🔒 Security & Compliance

• Objective: Ensure data security and meet regulatory standards.
• Implementation: PCI-DSS compliant architecture with end-to-end encryption, 2FA, and secure PIN confirmations for all sensitive operations.

Technical Architecture

• Frontend: Built in React Native for optimal performance across Android and iOS, with bandwidth-conscious design.
• Backend: Real-time API infrastructure supports 24/7 transaction processing and webhook monitoring.
• Payment Gateway: Paystack integration with multi-channel funding options.
• Verification System: CORE ID for biometric and BVN-based identity checks.
• Security: Comprehensive data protection via encryption, PIN, and 2FA layers.
• Banking Integration: Native connection to SABI Bank’s APIs for seamless service delivery.
• Notifications: Push and in-app alerts for transactions, bill reminders, and split payments.

Key Benefits

For Users

• One app for payments, transfers, banking, and bill management
• Real-time services even on low internet speeds
• Split payments for easier group transactions
• Trusted BVN-secured onboarding
• Support for Nigerian currency and local payment methods

Technical Advantages

• Cross-platform deployment with a single codebase
• Robust compliance with Nigerian banking regulations
• End-to-end encrypted transactions
• Optimized backend to ensure minimal failure rates
• Modular and scalable architecture for future expansion

Administrative Tools

• Admin Dashboard for service management, complaints, and analytics
• Integrated support module with live chat and ticketing
• White-label functionality for potential enterprise clients

Future Enhancements

With a scalable foundation in place, Ingenium Studios is working with SABI Bank to roll out additional features, including:

• Multi-language support (Pidgin & regional languages)
• AI-driven spending insights
• Extended payment integrations
• Merchant-facing tools
• Savings/investment products
• Insurance and cryptocurrency wallets

Conclusion

SabiPay is a testament to Ingenium Studios’ commitment to digital innovation in emerging markets. By combining mobile-first technology with deep banking integrations and local expertise, Ingenium delivered a product that not only meets today’s needs—but is built to grow with Nigeria’s future.

From secure onboarding to real-time banking, SabiPay provides a powerful digital ecosystem that empowers users and transforms financial access across Nigeria.