Paystack MFB

Paystack MFB is a licensed Nigerian microfinance bank that provides business banking tools for companies that need to open accounts, move money, and track balances across teams.

Key capabilities include:

• Business accounts with sub-accounts: open a primary account, then create multiple sub-accounts for functions like payroll, operations, or other budget buckets.
• Approval policies for transfers: set request and approval rules so teams can define who initiates transfers, who approves them, and the limits that apply.
• Bulk transfers at scale: upload a list, review it, and pay hundreds or thousands of recipients at once for salaries, vendor payments, and payouts.
• Security and spend controls: use passkeys and multi-factor authentication to restrict access, plus virtual cards linked to specific accounts for subscriptions and tools without sharing card details.