About PayForce by FairMoney
PayForce is a banking software from FairMoney that simplifies banking for emerging markets. It combines mobile banking services, user-friendly interfaces, and secure transactions so users can easily manage their finances. With a focus on accessibility, PayForce aims to provide essential banking features that cater to the unique needs of underserved populations. Users can access banking services directly from their mobile devices, facilitating transactions and account management without traditional banking barriers. Key capabilities: mobile banking services user-friendly interface secure transactions account management accessibility Best for: individuals and businesses in emerging markets that need straightforward banking solutions.
PayForce is the "Human ATM" arm of FairMoney Business in Nigeria. In 2026, it is a leading Agency Banking platform that turns local neighborhood shops into mini-banks. It is designed to solve the "Last Mile" problem in Nigeria, allowing the unbanked to deposit cash, withdraw money, and pay bills through a trusted local agent using a PayForce POS terminal.
Pros & Cons
- +Provides vital banking services to millions of Nigerians who live far from urban centers.
- +Offers a proven business model for small shop owners to earn significant monthly commissions.
- +Direct link to FairMoney’s lending engine provides agents with working capital.
- −Business stops if the POS terminal is damaged or the battery dies in a low-power area.
- −Agents handling large amounts of physical cash are frequent targets for theft in certain regions.
- −Reliance on Nigerian GSM networks can cause frustrating "Transaction Pending" delays during peak hours.
Features
Key features
- "Human ATM" Network
- Enables cash-in/cash-out services in areas where physical bank branches and ATMs are non-existent.
- POS-Based Banking
- A rugged, portable device that allows agents to perform transfers, bill payments, and airtime top-ups.
- FairMoney Credit Integration
- Agents can facilitate small business loans for their customers directly through the PayForce ecosystem.
Additional features
- Instant Wallet Settlement
- Funds from POS transactions are settled into the agent's PayForce wallet immediately.
- Free Internal Transfers
- Zero-cost money moves between PayForce/FairMoney accounts.
- Bill Payment Hub
- Specialized menus for paying electricity (PHCN), cable TV (DSTV/GOTV), and government taxes.
- Agency Management Portal
- Allows "Super-Agents" to manage their own network of sub-agents and track commissions.
- Offline Transaction Support
- Limited capability to queue transactions when the cellular network is unstable.
- Biometric Verification
- Supports fingerprint/NIN-linked identity checks for secure banking.
- Virtual Bank Accounts
- Assigns every agent a unique NUBAN for easy funding via bank transfer.
- Daily Performance Analytics
- Real-time tracking of commissions earned per transaction
Pricing
Countries & Languages
Interface languages
Billing currencies
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About PayForce by FairMoney
PayForce is a banking software from FairMoney that simplifies banking for emerging markets. It combines mobile banking services, user-friendly interfaces, and secure transactions so users can easily manage their finances. With a focus on accessibility, PayForce aims to provide essential banking features that cater to the unique needs of underserved populations. Users can access banking services directly from their mobile devices, facilitating transactions and account management without traditional banking barriers. Key capabilities: mobile banking services user-friendly interface secure transactions account management accessibility Best for: individuals and businesses in emerging markets that need straightforward banking solutions.
PayForce by FairMoney Details
PayForce by FairMoney's In-App Market Place
Does PayForce by FairMoney have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
NGN, USD
Pros & Cons
- Provides vital banking services to millions of Nigerians who live far from urban centers.
- Offers a proven business model for small shop owners to earn significant monthly commissions.
- Direct link to FairMoney’s lending engine provides agents with working capital.
- Business stops if the POS terminal is damaged or the battery dies in a low-power area.
- Agents handling large amounts of physical cash are frequent targets for theft in certain regions.
- Reliance on Nigerian GSM networks can cause frustrating "Transaction Pending" delays during peak hours.
PayForce by FairMoney's Support Options
Email Address
help@fairmoney.ioContact
07000 362 362PayForce by FairMoney's Alternatives
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