Monnify
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.
Monnify Product Overview
Is Monnify Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigerian online businesses
- Subscription businesses
What It Does Well
- Card payments
- Bank transfer payments
Things to Check
- Supported Nigerian banks
- Settlement time
About Monnify
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.
Monnify 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 dataRecent Reviews for Monnify
Reviews reflect each reviewer's opinion. Companies cannot pay to alter or remove reviews. A verified review includes proof that Liners checked to an extent. Learn how reviews workNo reviews yet. Be the first to review this product.
Compare Monnify With Similar Products
Latest Monnify News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataFrequently Asked Questions About Monnify
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.
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.
Monnify operates in Nigeria.
Visit monnify.com and click 'Get Started' to begin the onboarding process, which includes a hassle-free signup with a testing area for experimentation.
Yes, Monnify has a mobile app called Monnify Merchant available on iOS and Android for managing payments, transactions, and settlements.
Is Monnify Your Product?
Claim this listing to keep its information fresh and reply to reviews.
Breet — Crypto & Stablecoins Payment API for African Businesses 
Promptmonitor
Promptmonitor — Track, measure, and improve how AI recommends your brand.