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CoralPay
Payment switching and processing platform for Nigerian and West African businesses, banks, and fintechs, offering gateways, USSD payments, bank transfers, and real-time payouts.
CoralPay Product Overview
Is CoralPay Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigerian businesses
- Banks and fintechs
What It Does Well
- Payment switching
- Payment gateway processing
Things to Check
- Supported banks list
- USSD shortcode setup
About CoralPay
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.
CoralPay Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataOperates In
What it does
African alternative to
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CoralPay Founders & Leadership Team
Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source dataFrequently Asked Questions About CoralPay
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.
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.
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.
Contact CoralPay support at +23470026725729 or through the messaging system in your customer account on CoralPay.net using your transaction email.
Yes, CoralPay offers services for businesses as a payment switching and processing company, including solutions for banks, fintechs, and lenders.
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