Login Take bank transfer and mobile money payments in Nigeria
Paysnapper helps businesses get paid by customers in Nigeria through instant bank transfer, USSD, and mobile money wallets like MTN MoMo and Airtel Money. The customer confirms on their own phone or banking app, the way they already pay for everything else. One integration, direct collection, and settlement out of naira into USD, EUR, or USDT.
In Nigeria, money moves by bank transfer and USSD, and a card-only checkout misses most of it
A cards-only checkout doesn't work here
Instant bank transfer and USSD are how most Nigerians pay online, not cards. Card ownership and usage for online checkout trail far behind transfer and USSD volumes. A checkout that only takes cards is asking most Nigerian shoppers for a method they rarely use.
Regular processors can't touch local transfer rails
Most payment providers used abroad have no direct link to Nigeria's instant transfer network or USSD banking. That leaves merchants two options: skip Nigeria entirely, or piece together a local aggregator, a settlement partner, and an FX desk, and manage all three at once.
Layers of aggregators quietly eat your margin
The typical chain of global processor, aggregator, and local partner adds cost at every hop and a possible failure point at each one. Then there's a second hit when naira gets converted into a currency you can actually use.
One integration connects your business to Nigeria's payment rails
Paysnapper maintains a single connection to the banks, transfer network, and wallet providers, and you connect to us through one API. There's no stack of resellers behind it. You don't need a local Nigerian entity or your own merchant account with every bank. The setup you're paying for is exactly what you see.
From checkout to money in your account
Step 1. At checkout, the customer pays by instant bank transfer, USSD code, or a mobile money wallet like MTN MoMo or Airtel Money. They confirm on their banking app or phone, the same way they pay for everything else in Nigeria.
Step 2. That payment reaches Paysnapper through a direct collection relationship with the banks and wallet operators. Every transaction is monitored, so if something fails quietly on the bank or wallet side, we catch it instead of letting your revenue disappear unnoticed.
Step 3. Money accumulates in naira on your Paysnapper balance, with a clear record tying every transaction to the customer who made it.
Step 4. From there we convert and pay out in USD, EUR, GBP, USDT, USDC, or BTC, or send it directly to your company's bank account, in line with Nigeria's foreign exchange regulations.
Can a business based outside Nigeria accept bank transfer and mobile money payments?
Yes. Paysnapper acts as the single intermediary between your business and Nigeria's banks and wallet networks, so you can accept payments from Nigerian customers without setting up a local entity or opening merchant accounts with every bank. We hold the local collection relationship and handle settlement back to you.
Instant transfer and mobile money are already how Nigeria pays
Nigeria's Instant Payment network reshaped how people and businesses move money, and USSD banking extended that reach to feature phones. Mobile money wallets like MTN MoMo and Airtel Money add another fast-growing layer on top. The demand already exists, the question is whether your checkout is set up to capture it.
Bank transfer is the backbone
Nigeria's Instant Payment network moves an enormous volume of transactions between banks every day, and it's the rail most online shoppers reach for first. A checkout that skips it is skipping the country's default payment habit.
USSD reaches beyond smartphones
USSD banking lets anyone with a basic phone and a bank account pay without an app or data connection. It's a quiet but massive share of everyday transactions across the country.
Mobile money is catching up fast
Wallets such as MTN MoMo and Airtel Money are growing quickly among customers who want a phone-first way to pay. Accepting them alongside transfer and USSD rounds out the picture.
Backed by a stable regulatory framework
Payments in Nigeria operate under the Central Bank of Nigeria and its licensing regime for banks, payment service banks, and mobile money operators. Paysnapper works within that framework for collection, settlement, and FX, so getting paid, and paid out, rests on solid regulatory ground.
Why prioritize bank transfer and mobile money over cards in Nigeria?
Instant bank transfer and USSD carry the bulk of everyday digital payments in Nigeria, with mobile money wallets adding further reach. A checkout built only for cards misses a large share of Nigerian shoppers. Accepting local rails means reaching the customers who are actually trying to pay you.
What you can accept in Nigeria right now
Instant bank transfer and USSD carry most of the volume, with mobile money wallets like MTN MoMo and Airtel Money adding a fast-growing layer. All connect through the same Paysnapper integration. Open a wallet below for its acceptance methods and settlement notes.
| Wallet | Provider | Acceptance methods | Status |
|---|---|---|---|
| 📱 MTN MoMo | MTN Nigeria | MTN MoMo app, USSD, merchant code payment | ✓ Supported |
| 📱 Airtel Money | Airtel Nigeria | Airtel Money app, USSD | ✓ Supported |
Selling outside Nigeria too? The same integration covers all 11 Paysnapper markets. Take a look at every country we support.
How your Nigerian earnings reach you
Collecting naira is only half the job. Turning that revenue into something usable, at a fair rate, is the part most providers get wrong. We convert NGN and pay out in crypto, fiat currency, or straight to your bank, in line with Nigeria's FX regulations.
Crypto
Suited to merchants based offshore or keeping treasury in crypto. Choose daily, weekly, or monthly payouts, no manual conversion required.
Fiat
Keep balances or route funds to a partner account in whatever currency matches your books. Configured individually for each merchant.
Bank
Sent directly to your company's bank account via scheduled wire or SWIFT, along with a reconciliation file that ties each payout back to the original customer payment.
Multi-jurisdiction
Funds move into the jurisdiction that fits your corporate structure. We operate within Nigeria's FX and crypto regulations as set by the Central Bank of Nigeria, never around them.
How do I get funds out of naira?
Paysnapper converts revenue collected in NGN into USD, EUR, GBP, USDT, USDC, or BTC, or sends it directly to your company bank account. Settlement currency and schedule are agreed per merchant, always within the FX and crypto rules set by the Central Bank of Nigeria.
Clear pricing without the 'contact us' runaround
Estimated pricing for accepting bank transfer, USSD, and mobile money in Nigeria
per successful payment, varying with volume and settlement currency. What you see is the complete, all-in figure. No aggregator markup on top, and no hidden FX cut when NGN gets converted at settlement.
We finalize pricing per merchant once we've reviewed your payment mix, volume, and settlement currency. You'll get one all-in quote, provider fees included. If a particular route costs more than usual, we'll break it down item by item so you know exactly what you're paying and why.
What merchants usually ask first
What does it cost? +
Indicative pricing runs in the 2.9–3.9% range per successful payment, depending on volume and settlement currency. There’s no fee on failed attempts and no extra fee for settlement out. Final pricing is set per merchant and we’ll quote you the all-in number including any provider-side fees in the proposal.
How fast can I go live? +
Merchant review runs 48 to 72 hours. After approval you integrate one API to accept M-Pesa and Airtel Money, with a sandbox key to build against first. The same integration reaches the other 10 markets when you’re ready to expand.
Which wallets does Paysnapper support in Kenya? +
M-Pesa, which holds the large majority of the market, and Airtel Money. M-Pesa acceptance covers Lipa na M-Pesa style merchant payments and STK push, so the customer confirms the payment with a prompt on their own phone. See the M-Pesa wallet page for details.
Is M-Pesa acceptance regulated in Kenya? +
Yes. Mobile money in Kenya is overseen by the Central Bank of Kenya under the National Payment System framework. Paysnapper operates inside the local rules for acquiring, settlement, and FX rather than around them.
Ready to start accepting payments in Nigeria?
Let us know what you sell and how you'd like to get paid. We'll respond with a proposal that spells out every fee and the exact bank transfer, USSD, and mobile money methods you'll be able to accept, typically within one business day.