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 well-documented APIs for payments, bills payment, and custom integrations, plus SDKs for web and mobile, and plugins like WooCommerce.

Monnify: Overview, Features, Pricing & Funding

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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 for account transfers.