What is Monnify and how does it work?

Monnify is a payment gateway that enables businesses to accept one-time or recurring payments from customers via cards, bank transfers, USSD, mobile money, and phone numbers. It works by integrating web or mobile SDKs, or using APIs to generate payment links, dynamic account numbers, or hosted checkouts on websites and apps.

How much does Monnify cost?

Monnify charges only for successful transactions, typically 1.5% per local payment (cards, bank transfers, USSD) capped at ₦2,000 with no setup or monthly fees, plus a few other small fees for cash collection and payouts.

How do I sign up for Monnify?

Visit monnify.com and click 'Get Started' to begin the onboarding process, which includes a hassle-free signup with a testing area for experimentation.

Does Monnify have a mobile app?

Yes, Monnify has a mobile app called Monnify Merchant available on iOS and Android for managing payments, transactions, and settlements.

Who is Monnify best suited for?

Monnify is best suited for businesses in Nigeria needing to accept online payments via cards, bank transfers, USSD, and other methods on web or mobile apps.

How do I contact Monnify support?

Contact Monnify support through their website at monnify.com or via the Monnify Merchant mobile app.

Does Monnify have a plan for teams or businesses?

Yes, Monnify is designed for businesses and supports multiple businesses within the merchant app.

Does Monnify offer an API or integrations?

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

Monnify

🇳🇬 Nigeria

A Nigerian payment gateway for businesses to collect one-time or recurring payments via cards and interbank transfers (USSD, mobile, and internet banking) on web and mobile apps.

Use it on:Web API Android iOS

Is Monnify right for you?

Best for

Nigerian online businesses
Subscription billing teams
Web and app checkouts
Businesses taking bank transfers
B2B payment collection

What it does well

Card payments
Bank transfer payments
USSD payments
Recurring payments
Web and mobile checkout

Things to check

Settlement timing
Supported card types
USSD bank options
Recurring payment controls
Refund handling

Monnify is a Nigeria-focused payment gateway for businesses that need to collect one-time or recurring payments from customers on web and mobile applications.

Key capabilities include:

Multiple payment methods: accept debit card payments and interbank transfers initiated via USSD, mobile banking apps, or internet banking; supports payments from all Nigerian banks.
Developer integrations: implement collections using a Web SDK, Mobile SDK, or APIs, with access to documentation and a fully featured sandbox for testing.
Bank transfer collections with reconciliation: use dynamic account numbers per transaction or unique account numbers mapped to customers, plus real-time reconciliation for account transfers.
Operations, settlement, and risk controls: choose instant, twice daily, or end-of-day settlements; includes intelligent fraud detection and PCI-DSS compliant security with military-grade encryption.

Available via Web, Android, iOS, and APIs.

It targets Nigerian merchants and businesses that need higher payment completion rates, simpler reconciliation, and flexible settlement options for local collections.

Notable in Nigeria for its adoption across the market, including usage by 27 Nigerian banks and 100,000+ merchants, and for supporting both card payments and bank transfer flows (USSD, mobile, and internet banking) commonly used by customers in Nigeria.

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