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Nedbank’s Shopping App Avo Attracts 45 000 Users

Nedbank’s shopping app Avo has raked in 45 000 less than three months after going live.

The  Avo app gives the bank’s customers access to online shopping, essential services and financial products on a single platform.

The Avo beta phase was released to Nedbank clients via the Money app on 15 May 2020 and released to the broader public, including non-Nedbank clients, via Apple and Google Play stores on the 19 June 2020.

In response to the COVID-19 pandemic creating challenges for many clients to access essential services such as healthcare and home repair services, Nedbank launched its market-leading digital innovation Avo, which is a one-stop super app enabling clients to buy essential products and services online and have them delivered to their home.

Since its launch, Nedbank informed investors on Wednesday that Avo has achieved 100% month-on-month growth.

“It currently has more than 45 000 customers, with over 750 businesses registered and seamlessly offering their products and services on this e-commerce platform,” the banking group said.

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