---
title: "Paystack MFB: Business Banking in Nigeria"
description: "Open business accounts and sub-accounts in Nigeria, set approval rules, and run bulk transfers to hundreds or thousands; virtual cards + MFA."
canonical_url: "https://liners.com/paystack-mfb"
markdown_url: "https://liners.com/paystack-mfb.md"
type: "product"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/tools/paystackmfb/screenshot.webp?v=1782317894647"
published_at: "2026-06-24T19:32:06.617Z"
updated_at: "2026-10-06T16:18:19.625Z"
---

# Paystack MFB: Business Banking in Nigeria

Open business accounts and sub-accounts in Nigeria, set approval rules, and run bulk transfers to hundreds or thousands; virtual cards + MFA.

## Breadcrumbs

- [Fintech](/categories/fintech)
- [Paystack MFB](/paystack-mfb)

## Summary

Business banking with controls, visibility, and bulk payouts

A Nigerian business banking platform that lets companies open accounts, create sub-accounts, control approvals, and run bulk transfers with strong security.

## Product details

| Field | Value |
| --- | --- |
| Website | https://paystackmfb.com/ |
| Tagline | Business banking with controls, visibility, and bulk payouts |
| Primary country | Nigeria |
| Platforms | Web |
| Average rating |  |
| Published reviews | 0 |
| Verified listing | No |

## About the product

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.

Available on **Web**.

Built for **businesses operating in Nigeria** that need structured banking workflows for payroll, vendor payments, and team spending.

Notable in Nigeria’s fintech market, it operates as a **CBN-licensed** microfinance bank with **NDIC-insured deposits**, positioning it as a regulated business banking option beyond standard payment processing.

## Features

- [Fintech](/categories/fintech): Category
- [B2B](/tags/b2b): Product feature or technology
- [Bulk Payments](/tags/bulk-payments): Product feature or technology
- [Microfinance Bank](/tags/microfinance-bank): Product feature or technology
- [Virtual Cards](/tags/virtual-cards): Product feature or technology
- [Nigeria](/countries/nigeria): Market

## Related pages

- [Alternatives](/paystack-mfb/alternatives)
- [Reviews](/paystack-mfb/reviews)
- [Transparency](/paystack-mfb/transparency)

## Access and citation

- [Canonical HTML page](https://liners.com/paystack-mfb)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)