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Software Status:Active

About Monnify

Monnify is a payment processing software from Monnify that enables businesses to accept and manage online payments. It provides payment links, APIs, and multiple payment options so businesses can facilitate transactions easily. Monnify supports various payment methods including card payments, bank transfers, and mobile money, offering flexibility for customers. It is designed for e-commerce, subscription services, and SMEs looking to simplify their payment processes. Monnify also integrates with other platforms and provides analytics to help businesses track transactions. Key capabilities: payment links APIs multiple payment methods transaction tracking integration with third-party platforms Best for: businesses and developers that need a reliable payment processing solution.

Monnify Details

Vendor
Monnify
Year Launched
2015
Location
12, Wole Ariyo, Lekki Phase 1, Lagos, Nigeria
Deployment
cloud
Training Options
documentation, community
Countries Served
Nigeria
Languages
English
Users
fintechs, online merchants, subscription businesses, marketplaces, SMEs, banks
Industries Served
e‑commerce, fintech, banking, subscriptions, marketplaces
Tags
Monnify, payment gateway, account transfers, USSD payments, card tokenization, PCI DSS, settlement, reconciliation, Nigeria, TeamApt

Monnify's In-App Market Place

Does Monnify have an in-app market place?

Yes

How many Mini-Apps in the marketplace?

1

Mini Apps

NA

Pricing Options

Free trial
Free version
Request a quote
Promo Offer

Accepted Payment Currencies

NGN(₦)

Pros & Cons

  • Supports multiple payment channels including USSD, bank transfers, and cards.
  • Virtual account system simplifies reconciliation for businesses.
  • Strong mobile SDK enables seamless in-app payments.
  • High transaction success rates reported by SMEs and startups.
  • Settlement reports are detailed and easy to track.
  • Integration may be challenging for non-technical businesses.
  • Limited international payment options compared to global gateways.
  • Occasional delays in settlements frustrate merchants.
  • User interface lacks advanced customization for large enterprises.

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