Monnify
- Headquarters
- Not yet verified
- Founded
- Not yet verified
- Last verified
- 21 Oct 2026 Oldest figure checked 21 Oct 2026
We earn nothing from Monnify. It is ranked on the same numbers as everyone else.
Who it suits, and where it falls short
We have not written our verdict on Monnify yet. It comes after we have tested it.
What it costs
Fees are per payment, in the currency the customer pays in. A row for one payment method overrides the country's default. Each figure says where it came from and when we checked it.
| Route | Applies to | Fee | Exchange-rate margin | Limits | Settlement time |
|---|---|---|---|---|---|
| Nigeria (NGN) to Nigeria (NGN) | Any method Bank transfers, direct debit, local cards and USSD. The cap's wording on the pricing page is unclear. Payouts: ₦10 / ₦20 / ₦40. Settlement: same day by 10pm, including weekends; up to 3 express settlements a day. | 1.5%, capped at ₦2,000 Provider fee page, 21 Oct 2026 | No conversion | Not yet verified | Not yet verified |
| Nigeria (NGN) to Nigeria (NGN) | Customers pay by international card Also applies to cash collection. | 4% Provider fee page, 21 Oct 2026 | No conversion | Not yet verified | Not yet verified |
Where it works
- Customers pay from
- Nigeria (NGN)
- Merchants settled in
- Nigeria (NGN)
- Customers pay by
- Bank in Nigeria, Card in Nigeria, USSD in Nigeria, International card in Nigeria
- Settled by
- Not yet verified
From: Provider fee page, 21 Oct 2026
Regulator and licences
-
Central Bank of Nigeria claimed, not yet confirmed
Nigeria · TeamApt Ltd. From: Provider fee page, 21 Oct 2026.
Where these figures come from
Profile last reviewed 21 Oct 2026. The oldest figure on it was checked 21 Oct 2026.
- Desk research, 21 Oct 2026 Desk research, row G03 of the provider research sheet. Data confidence: Provider. Backs: research notes
- Provider fee page, 21 Oct 2026 · Open source Backs: licence, coverage, payment methods, and fees