Marasoft Pay logo

Marasoft Pay

by Marasoft · Since 2022
No reviews yet
Active2+ countriesCloud
Quick facts
VendorMarasoft
Year launched2022
StatusActive
LocationSurulere, Lagos Nigeria
Countries served2+
Languages1
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesYES

About Marasoft Pay

Marasoft Pay is a payment solutions platform from Marasoft that simplifies payment processing for the business. It combines collections, disbursement, and bulk payout transfer to multiple accounts so users can manage transactions efficiently. The platform supports unlimited API calls and multiple payment options, offering convenient payment collections tailored to various use cases. Businesses can also utilize single payout transfers directly to bank accounts, ensuring a flexible approach to managing finances. Additionally, Marasoft Pay provides smooth integration options to adapt to different operational needs. Key capabilities: collections disbursement single payout transfer bulk payout transfer settlements Best for: businesses that need efficient payment processing solutions.

Marasoft Pay is a comprehensive fintech and business automation platform designed to simplify payments and operational management for African businesses, particularly in Nigeria and Kenya. Originally launched as a payment processor, it has evolved into a full-fledged growth engine by integrating multi-currency settlements, bulk transfers, virtual accounts, ERP modules, and loyalty programs into a single cloud-based SaaS platform. The software offers two primary access points: an intuitive dashboard for business owners and detailed API documentation for developers, enabling both non-technical users and technical teams to manage transactions, inventory, and reporting efficiently. Key features include a bulk transfer engine for simultaneous payouts, payment links for social media vendors, dynamic and reserved virtual accounts for flexible financial flows, and ERP integration with E-POS modules for hospitality and retail. Performance is robust, with high transaction success rates across cards, USSD, and mobile money, supported by AI-driven fraud detection and advanced encryption, ensuring secure and reliable operations even during high-volume periods.

Pros & Cons

Pros
  • Provides an all-in-one growth engine by integrating ERP, loyalty programs, and payment solutions.
  • Developer-centric platform with unlimited API calls and comprehensive documentation for seamless integration.
  • Enables hassle-free payouts with fast settlements and efficient bulk transfer capabilities.
Cons
  • Primarily optimized for Nigeria and Kenya, limiting immediate usability in other regions.
  • Pricing information is not publicly available.
  • As a newer firm (founded in 2022), global reach and account maturity are still scaling.

Features

Key features

Unlimited API Calls

Provides developers with unrestricted access to resources for building and scaling high-volume transactional applications.

Multi-Currency Settlement

Allows businesses to collect payments globally in various currencies and settle them locally, reducing exchange rate friction.

Bulk Transfer Engine

Facilitates the simultaneous disbursement of funds to multiple recipients, making it ideal for automated salary payments or vendor payouts.

Payment Link Technology

Enables social media vendors and businesses without websites to collect secure payments via a simple, shareable URL.

Dynamic & Reserved Accounts

Offers one-time use "dynamic" accounts for individual sales and permanent "reserved" virtual accounts for recurring customer payments.

ERP & Loyalty Integration

Combines payment processing with business automation tools (ERP) and customer loyalty programs within a single ecosystem.

Additional features

Flexible Checkout Page

Provides a fully optimized, multi-device checkout interface that supports cards, USSD, and bank transfers.

Bank Transfer Collection

Allows customers to pay via direct bank transfers, which are automatically reconciled by the system.

USSD Payment Support

Enables transactions via shortcodes, ensuring inclusivity for customers without consistent internet access.

Virtual Bank Accounts

Generates dedicated virtual accounts for businesses to receive and track individual customer deposits easily.

Single API Transfers

Offers a secure method to move funds to a single account with a one-time integration.

Intra-System Transfers

Facilitates instant, zero-hassle fund movement between different Marasoft Pay wallets.

Security & Compliance

Implements comprehensive data encryption and PCI-DSS standards to protect sensitive financial information.

Real-Time Analytics Dashboard

Provides non-technical users with an intuitive interface to monitor transactions, revenue patterns, and failed payments.

Developer-Friendly Documentation

Includes a well-documented guide and API status page for seamless automated system integrations.

E-POS (Electronic Point of Sale)

Offers digital tools for physical storefronts to manage sales and collections in-person.

Automated Reconciliation

Eliminates manual accounting errors by automatically matching received payments to specific orders or customers.

Cross-Border Infrastructure

Bridges the gap between local African markets and international customers through a global payment network.

Industry-Specific Use Cases

Features tailored solutions for diverse sectors including E-commerce, Aviation, Education, and Hospitality.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

2
Countries served
1
Interface languages
1
Billing currencies

Available in

NigeriaKenya

Interface languages

English

Billing currencies

🇺🇸USD

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