Rex Up Abuja Starts at Banex Plaza

It was 10am on Monday, and Emeka's shop was full. A customer held out her phone. "Transfer. Quick." Emeka tapped his terminal, waited, and tapped again. The line behind her grew. He knew that at the end of the day, the small fees on every transfer would add up.

Then a man in a bright Rex shirt stepped through the door.

"Oga, good morning. Give me two minutes," the man said. "My name is Tunde, and I'm from Rex. We are a bank licensed by the CBN, and we have a payment terminal built for traders like you."

"What can yours do that mine can't?" Emeka asked.

"Transfers on it cost you nothing. No fee on any transfer. It's also smaller and faster. Let me show you."

Tunde put a small terminal on the counter and ran a test transfer. It went through in seconds. The fee was zero.

Emeka stared at the screen. "Do it again."Tunde put a small terminal on the counter and ran a test transfer. It went through in seconds. The fee was zero.

Emeka stared at the screen. "Do it again."

He used the terminal for his next customer, then the next. The line moved. By closing time, he kept the full amount of every transfer. On Tuesday, he asked Tunde to come back and show his neighbour.

That was RexUp Abuja, day one.

The problem every trader knows

Traders handle money all day, and small costs eat into it. A slow terminal loses customers. A fee on every transfer cuts into your profit. A support line that takes days to answer costs you a sale. A shop that moves millions in a month can still struggle to get a loan.

We came to the market to fix those problems, one shop at a time.

Why traders pick RexPOS

RexPOS gives traders five things they asked for.

• Zero fees on transfers. Your customers pay, and you keep the full amount, for a limited time period
• A smaller, faster terminal. Customers leave happy, and the line keeps moving.
• Cashback on your transactions. The more you sell, the more you earn.
• Customer service that answers quickly. Help arrives as soon as you need it
• Loans based on how much you transact. Your daily sales can open the door to growth.

Shoppers are loving the Rex app

While agents worked the shops, shoppers got their hands on the Rex app. Phones came out before we finished the pitch.

The feature that grabbed people most is RexAtlas, our proprietary AI agent. You type a question in plain language, and RexAtlas answers. Shoppers asked where their money went, how to build a budget, and how to save more. RexAtlas tracks every naira, builds budgets, and sends you nudges.

The Rex app also gives you two ways to grow your money. RexSave gives flexible savings at 16% a year, and RexVault locks your money for up to 22% a year.*

Other Perks

RexUp Abuja pays you twice.

1. Download and fund. Download the Rex app and fund your account with ₦2,000. You earn ₦250.
2. Refer your friends. Invite a friend. When your friend downloads the app and funds their account with ₦2,000, they earn ₦250, and so do you.
3. Save ₦10,000 or more for 2 months and get 5% upfront. Save ₦1,000,000 and you receive ₦50,000 on day one. This offer carries no extra interest, and your principal stays locked for the 2 months. Open from October 19th to December 20th

Find us this week

RexUp Abuja runs through 24 October at Banex Plaza. Look for the Rex shirt. Download the app, fund your account with ₦2,000, and invite a friend. If you run a shop, ask an agent for a RexPOS demo.

Not in Abuja? Download the app at

Google Playstore

Apple Appstore

Rex: Banking that understands you.

*Rates are subject to terms.