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How to register Monnify Merchant Account and get Approved Faster.


Monnify is a payment gateway designed to help accept payments from customers happening in a seamless manner from multiple payment channels ranging from account transfers to card payments. It helps to achieve swift and reliable transaction notification mechanisms for confirming customer payments. Designed with Merchants and customers in mind, Monnify aims at making payment experience seamless and cheaper for both parties involved.

Monnify can be used by both individuals and businesses to collect payments.

How do I start using Monnify?

Getting started on monnify is very easy in just a few steps.

  1. Sign Up to get a Monnify Account (sign up Link)
  2. After you have created an account, set up your preferred collection channel that suits your business.
  3. Submit the required KYC Documents for your business type. (link to KYC requirements)
  4. Go Live and start receiving payments.

The following KYC documents will be required :

  • Any valid means of identification (National ID card, Drivers Licence, Voters Card or Intl. Passport)
  • Certificate of Incorporation (CAC7) if your company is registered and if not, contact monnify to switch your account to another merchant level which does not require copy of CAC.
  • Settlement Account Number
  • Verify your BVN linked to the account.
  • Business Resolution Letter, ensure to use a letterhead paper and sign, Download Sample on monnify website
  • Company overview letter, ensure to use a letterhead paper and sign, Download sample on monnify website.

You can download this example and replace all the personal information with yours.

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