What is CoralPay and how does it work?

CoralPay is a payment switching and processing company licensed by the Central Bank of Nigeria, offering secure payment solutions including payment gateways, USSD, bank transfers, QR codes, cards (Visa, Mastercard, Verve), and wallet accounts. It works by aggregating these payment methods for businesses to accept payments online and offline, primarily supporting partners like banks and fintechs through B2B services. Users interact via partner platforms or manage subscriptions through CoralPay.net.

What countries does CoralPay operate in?

CoralPay operates primarily in Nigeria, with a base in Lagos and partnerships with top Nigerian banks. It focuses on Africa, with ongoing discussions for interoperability and partnerships in countries like Ghana and others.

Who is CoralPay best suited for?

CoralPay is best suited for businesses, banks, fintechs, and lenders in Nigeria needing payment processing, switching, and aggregation services. It supports B2B partners rather than direct consumer sign-ups.

How do I contact CoralPay support?

Contact CoralPay support at +23470026725729 or through the messaging system in your customer account on CoralPay.net using your transaction email.

Does CoralPay have a plan for teams or businesses?

Yes, CoralPay offers services for businesses as a payment switching and processing company, including solutions for banks, fintechs, and lenders.

Does CoralPay offer an API or integrations?

Yes, CoralPay offers a public API. View the official CoralPay API documentation for endpoints, authentication, and integration guides.

CoralPay

🇳🇬 Nigeria

Payment switching and processing platform for Nigerian and West African businesses, banks, and fintechs, offering gateways, USSD payments, bank transfers, and real-time payouts.

Use it on:Web API

Is CoralPay right for you?

Best for

Nigerian businesses
Banks and fintechs
Merchants taking USSD
Teams needing payouts
POS payment setups

What it does well

Payment switching
Payment gateway setup
USSD payments
Bank transfers
Real-time payouts

Things to check

Bank and wallet support
Settlement timing
POS device options
Integration options
Pricing fit

CoralPay is a payment switching and processing platform for businesses, banks, financial institutions, and fintechs operating in Nigeria and the West Africa sub-region.

Key capabilities include:

Payment Switching & Processing that supports end-to-end transaction routing while reducing intermediaries in the payment flow.
Payment Gateway that aggregates multiple payment channels at merchant checkout to give customers more ways to pay.
C’Gate USSD for USSD-based payments using unique codes across hardware and Soft POS, e-commerce websites, chatbots, and USSD menus, with common use cases such as merchant collections, donations, wallet funding, schools, gaming and lottery, and government collections.
BankLink (Pay with Bank Transfer) that lets customers choose a preferred bank to complete a transfer payment.

Available on Web with API integration and developer documentation.

Target users include B2B payment teams at merchants, aggregators, banks, and fintechs that need payment infrastructure for collections, transfers, and multi-channel acceptance.

Notable in the Nigerian market for its Central Bank of Nigeria licensing (as a switch and PSSP, plus non-bank acquiring) and compliance certifications including ISO 27001, ISO 22301, ISO 20000, PCIDSS, PCI-PIN, and NDPR, alongside adoption cited as trusted by 1000+ businesses.

Phone:+234 1 280 2161

Categories:

Fintech

Features & Business Model:

b2b payment-gateway pos ussd