Gift cards are prepaid stored-value money cards distributed by firms such as Amazon, Google, and Apple, among others, to be used as a cash substitute when purchasing Amazon products and a variety of other items.
They are frequently presented as a reward or a gift for outstanding performance. Additionally, when retailers and marketers run a campaign for any of their items, they use them as a reward system.
Gift cards can be traded and redeemed. And currently, there are different trading apps where you can trade gift cards.
Suppose you got a gift card for trading in your old device, but you cannot redeem it in your region. The best way forward is to sell it for cash. On Apexpay, you can trade more than 25 different brands of gift cards with many categories and countries.
This article makes a review of the two best gift cards trading apps that are legit.
What are the Two Best Gift Cards Trading Platforms in Nigeria?
The two best trading apps where you can sell different types of gift cards include:
Let’s review each of them:
What to Know About Apexpay
Apexpay is a gift card trading platform where you can sell your gift cards at the highest possible rate.
Apexpay is Nigeria’s leading gift card exchanger meeting the needs of over 300,000 customers with top-notch trading experience.
How to Download Apexpay
To download the apexpay app, Click on the link below
For support, call/Whatsapp +234 70 5837 2518
What are the Features of Apexpay?
Since its inception, Apexpay has helped over Fifty thousand customers and has completed over 7000 trades. Over the years, Apexpay has indeed proven to be among the best gift card trading platform due to its distinct features which include:
- Sell Gift Cards
On Apexpay, you can trade more than 25 different brands of gift cards with many categories and countries. To sell gift cards follow the steps below:
To start selling your gift cards on Apexpay, Quickly download the app using the link above
- Register and Login
- Click on “Sell Gift card”
- Select the gift card you want to sell and upload your card
- Wait for 5 minutes for the card to be confirmed
- Check your Wallet for your money
- Add your bank account to withdraw your money
- 100% Security
The trading platform ensures that customers trade their digital assets safely without ripping, delay, or any form of fraud.
- High Rates Menu
Another interesting feature is its high rate menu. Apexpay gives a high rate on the top 20 gift cards they buy.
- Maximum Customer Satisfaction
Apexpay provides a conducive and accommodating system where all customers get equal treatment. They also get the best trading experience that is rare to be offered by other gift card trading apps.
- Quick Payment System
Also, the app has a fast payment system that can make your payment process easier and faster. With this, you get paid immediately your gift card is redeemed. In less than a minute, you’ll get the money in your account unless there are issues with the bank network.
- 24/7 Customer Support
Apexpay agents work round the clock to serve their customers. So even at odd hours, they’re available to trade with you.
- Send and Request System
On this platform, you can send and request money from other Apexpay users once you’re a user.
- Referral Bonus
Furthermore, you’ll gain referral bonuses. For instance, you can earn 200 naira on every referral that trades at least 5,000 naira worth of gift cards.
What can I Do on Apexpay?
You can actually do a lot using Apexpay app. Some of them include:
You can sell:
- iTunes gift card for Naira
- $100 apple e-code for naira
- $50 Nordstrom gift cards
- $100 Visa gift card for Naira
- $25 Google play for cash
- $200 Google Play for Naira
- $100 Walmart Visa gift card
- $500 Walmart Visa gift card, sell Google play gift card at a high rate.
You can also convert:
- Amazon gift cards to cash
- Footlocker gift card
- And $20 steam gift card to naira
- Exchange $100 Google play for naira
- Also, you can know how much a $200 google play card in naira is today.
To get started, simply click on the Start Trading button and you’ll be taken to a chat with Apexpay Agent where you can ask for a rate and trade your gift cards instantly.
GiftCardsToNaira is a recognized gift card trading company founded in 2017 with the goal of giving individuals in Nigeria and Ghana a world-class trading experience. The company’s processes and policies are built on the pillars of integrity, dedication, and excellence.
It is, however, the second-best gift card trading platform in Nigeria(just below Apexpay) serving as a reliable app to redeem, sell or trade gift cards for instant cash (Nigeria Naira or Ghanaian Cedis). Thus far, this platform has made trading gift cards which have never been easier because it was built with maximum security and legitimacy.
How to Download Giftcardstonaira
To download Giftcardstonaira, Click Here
For support, call/Whatsapp +234 70 5837 251
What Gift Cards Can You Sell on GiftCardsToNaira
Below are some of the gift cards you can trade on GiftCardstonaira:
- Steam Gift Card
- Amazon Gift card
- Razor Blade Gift Card
- eBay Gift Card
- iTunes Gift Card
- Google Gift Card
- Visa Gift Card
- Sephora Gift Card
- Nordstrom Gift Card
- Nike Gift Card
- Walmart Gift Card
- Offgamers Gift Card
- Nike Gift Card
- BestBuy Gift Card
- Home Depot Gift Card
- Apple Store Gift Card
- Macy Gift Card
- Vanilla Gift Card
- Target Gift Card
What are the Features of GiftCardsToNaira
Some of the distinguishing features that make GiftCardsToNaira to be known as one of the best gift card trading apps include:
- It has High Rate
Giftcardstonaira has always been the highest-paying gift card trading platform in Nigeria and Ghana. There is no other trading platform that even comes close.
This trading app takes things a step further by allowing users to earn various presents while trading on the platform.
- High Security
Giftcardstonaira keeps your information safe and secure. This means you won’t have to worry about cashing out your money after each deal.
After each trade, you can effortlessly withdraw your funds from the app, and they will be deposited directly into your bank account. No one else will be able to access your account if you use two-factor authentication.
- Outstanding Customer Service
Since its inception, it has received positive feedback from customers because they prioritize the demands of their customers. Note, you can contact them via Facebook, Instagram, Twitter, Whatsapp, Giftcardstonaira app, and other social media platforms.
- Different Gift Cards Can Be Redeemed
On Giftcardstonaira, you may get practically any popular gift card redeemed. iTunes, Steam, Google, Visa, Amazon, Sephora Nordstrom, Nike, Walmart, Nike, Amex, OffGamers, eBay, Best-Buy, Apple Store, Macy, Vanilla, Target, and others accept gift cards.
- Payouts and withdrawals are made quickly.
Fast payouts have always been the hallmark of Giftcardstonaira. After your card has been verified, you will be paid into your wallet in less than 5 minutes. You can get the money into your bank account as soon as possible.
How to Get Started
- Register and Login.
- To add your bank details, go to “wallet” and select “add new account.”
- To submit your card, go to “Dashboard” and click “Sell Giftcard.”
- Wait for the card to be confirmed in 5 minutes or less. Once you are confirmed, your account will be credited.
- Look through your wallet to see whether you have any cash.
- Make a deposit into your bank account.
If you haven’t already done so, register on the giftcardstonaira app first, but if you have, click on login to begin trading right away. Quickly select the wallet button and enter your bank account information. To add your bank account information, go to Add New Account.
Click the dashboard at the bottom of the screen to begin selling your gift card. You’ll find a “Sell Giftcard” button on the dashboard, and you can choose the sort of Gift card you want to sell from the numerous options accessible on the app.
Choose a gift card, enter the amount, and upload the image of the gift card. When you’re finished, click submit trade and wait for the card to be confirmed, which should take 2 to 5 minutes. After about 2 minutes, click on your wallet and withdraw your money into your bank account.
In conclusion, you can start trading your gift cards on any of these two gift cards trading apps today.
95% of Insurance Firms Upload Data to NAICOM Server
By Adedapo Adesanya
The National Insurance Commission (NAICOM) has revealed that 95 per cent of insurance operators have uploaded their data on its platform as instructed within the last one month.
This disclosure was made by the Deputy Commissioner Technical, NAICOM, Mr Sabiu Abubakar, at an event in Lagos. He added that the commission was optimistic that before the end of the third quarter, the remaining 5 per cent will meet up the deadline.
He submitted that online processing of licenses, approvals and data uploading has started for most of the operational requests of the regulated agencies, stressing that issues arising from this application are being addressed promptly and that good progress has been recorded in the uploading of data on NAICOM server.
The insurance regulator official said NAICOM has trained both its staff and the insurance institution on how they use the portal.
On his part, the Commissioner for Insurance, Mr Sunday Thomas, said the NAICOM portal is one of the initiatives the agency was pursuing its efforts to deepen the insurance market and increase the penetration to a level that is consistent with the nation’s economy.
“As some of us may be aware, the Commission in July 2009, embarked on a comprehensive computerization effort tagged project e-regulation that was meant to transform its operational procedures and the conduct of its regulatory responsibilities by providing a robust, world-class ICT Infrastructure to help implement automated business processes internally and for industry-wide supervision via an integrated platform,” he said.
Mr Thomas noted that prior to the development of the portal, the processing of applications required that applicants physically drop off their applications at the commission with their attendant challenges of delays in processing times, and wasted manpower hours due to back-and-forth in application processing as well as ineffective application tracking system.
He then charged those yet to do the required task to help ease operations by uploading their data.
A Thoughtful Approach to Wealth Management
Across the world, as baby boomers (aged 58-76) near and enter retirement, the attendant transfer of wealth between generations is necessitating a thoughtful approach to wealth management, instigated by common storylines such as this:
“I’m 35 years old and inherited $450,000 this year when my father passed away. I used part of the funds to buy a flat in old Ikoyi, and with the help of a financial advisor, invested the rest ($250,000) in a retirement plan.
“We set a budget so that the interest from the leftover principal could help pay my mortgage. I’m not supposed to touch the investment account…right?”
The coronavirus pandemic has also brought on triple threats to lives, livelihoods, and financial markets, causing individuals and businesses to pause and think about their financial priorities and legacy.
On the minds of wealth managers, therefore, will be a myriad of issues, including:
Devising new ways of segmenting and serving clients across the wealth spectrum.
Creating new and more efficient distribution channels by adopting new and enhanced technologies.
Achieving sustainable and inclusive growth for clients.
The fact that wealth and health needs will merge, leads to goal-based wealth platforms.
Africa: Wealth Rankings (by Country)
Where in Africa do the well-to-do reside and in what numbers? The recently released Africa Wealth Report 2022 shows that there are currently 136,000 High Net Worth Individuals (HNWIs) living on the continent, along with 5,110 multi-millionaires, 305 centi-millionaires and 21 billionaires. It also illustrates that the total private wealth in Africa currently stands at $2.1trn, an amount that is expected to rise by 38% to $3trn in the next decade.
The Future of Wealth Management
The impact of COVID-19 on wealth management organisations and investors is expected to drive both groups to position themselves to thrive in the new normal. For them, this can mean considering several of the following actions as they seek opportunity amidst uncertainty.
Millennials and the ‘Great Wealth Transfer’: Many young people are in line to become extremely wealthy, in what is referred to as The Great Wealth Transfer. Wealth is expected to gradually change hands from one generation to the next before the year 2030.
Without knowledge of money management, saving for the future and smart investing, Millennials could jeopardise their futures. Financial literacy tools will come into play in reinforcing areas of potential strength, such as Logic vs. Emotion (understanding how to manage money based on the risk and potential return); Frugality vs. Extravagance (adopting delayed gratification); and Saving vs. Spending (think retirement accounts, emergency funds).
Younger investors also tend to feel less confident about how to reach their investment goals, which can lead to cautious investing – an irony, as investors with a longer time frame should ideally have the latitude to take more risk.
AI, Machine Learning: Technology such as Artificial intelligence (AI) will continue to make it possible to do far more in less time, and with fewer resources, while Machine learning can help wealth managers recognise patterns, anticipate future events, and create rules – think client calculation engines, modelling and simulation, and analytics. Robo-advising, the trusted AI-driven, virtual wealth management service, will resonate strongly with the tech-savvy Millennial generation and is essential for future wealth management industry growth.
Human and Digital Hybrids: Millennials are currently between the ages of 25 and 40. This is an extensive range. Some of them are definitely keen on self-service, but there is also an appreciable number of affluent millennials who are on the verge of making really complex decisions when they will need human interaction to add real value, through strategic planning and advice. For this group, the key is to not only take advantage of the digital space but also to intersperse it with human interactions – a hybrid scenario.
Transformational Web Delivery via Mobile: Following the initial push to move services online, wealth managers are now cementing a second stage, with a particular focus on ubiquity over-mobile. Websites will deliver an even wider range of services where clients are able to view their investments and transactions, invest in Mutual Funds directly, and place orders to purchase or sell shares, regardless of their location, and while on the go. They are also able to access research reports and insightful market data.
The Planning Effect
Uncertainty should not be a reason to put your future on hold or hamper your ability to grow your wealth and keep more of what you earn. Whether you seek effective funds management, long-term planning, or investment strategy, an experienced wealth management professional can help you develop a personalised plan by carefully assessing your investment preferences and risk tolerance.
CitiTrust Lifts Over-the-Counter Bourse by 0.05%
By Adedapo Adesanya
CitiTrust Holdings Plc played the central role in lifting the National Association of Securities Dealer (NASD) Over-the-Counter (OTC) Securities Exchange by 0.05 per cent on Thursday, August 11.
This raised the NASD market capitalisation by N550 million yesterday to N1.007 trillion from the previous day’s N1.006 trillion as the NASD Unlisted Securities Index (NSI) went up by 0.41 points to wrap the session at 765.28 points compared with 764.87 points of the previous session.
On Thursday, the stock price of CitiTrust Holdings Plc rose by 55 Kobo to N11.90 per share from the N11.35 per share it was sold in the Wednesday session.
A look at the trading activity indicated that there was an 86.5 per cent increase in the volume of securities traded at the bourse yesterday to 111,021 units from the previous trading day’s 59,538 units.
However, the value of shares transacted by market participants went down by 41.7 per cent to N2.7 million from N4.6 million just as the number of trades reduced by 43.8 per cent to nine deals from the 16 deals executed a day earlier.
AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units worth N1.2 billion, (Central Securities Clearing System) CSCS Plc stood in second place with the sale of 686.5 million units worth N14.2 billion, while Food Concepts Plc was in third place with the sale of 147.8 million units valued at N128.4 million.
Also, CSCS Plc was the most traded stock by value on a year-to-date basis with a turnover of 686.5 million units valued at N14.2 billion, VFD Group Plc was in second place with the sale of 11.1 million units worth N3.3 billion, while FrieslandCampina WAMCO Nigeria Plc in third place has transacted 13.9 million units valued at N1.7 billion.
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