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Payment collection for Nigerian businesses

Collect naira payments by bank transfer.

KonetPay gives your business a hosted checkout, a documented API, signed webhooks and static virtual accounts. Start in test mode today; go live after a compliance review.

Create a test accountRead the integration guide
  • NGNNaira collections
  • Bank transferThe available payment method
  • Test and liveSeparate keys and data
  1. Your systemInitialise a payment
    POST /api/transactions/initialize/
    amount
    500000 kobo
    reference
    order-1042
  2. KonetPayCheckout link returned
    authorization_url

    checkout.konetpay.com/…

    Reference issued
  3. Hosted checkoutCustomer pays by bank transfer

    ₦5,000.00

    Transfer to the account shown

    Awaiting transfer
  4. ConfirmedSigned webhook + verify
    payment.successful
    • Signature valid
    • Amount matches
    • Status: successful

Example data. Shows the documented flow, not real activity.

How it works

One flow, four steps, nothing assumed.

Your server asks KonetPay for a payment, your customer pays on a hosted page, and you confirm the result from KonetPay itself before you deliver value.

  1. 01

    Initialise

    Your server creates the payment with your secret key: amount in kobo, customer email and your own reference.

  2. 02

    Redirect

    You send the customer to the checkout link KonetPay returns. Payment details are only ever entered there.

  3. 03

    Pay by transfer

    The customer completes the payment as a bank transfer. When they return, the redirect is a signal, not proof.

  4. 04

    Verify

    You receive a signed webhook and can verify the transaction by reference. Check the status, amount and currency, then fulfil.

Available today: collections in naira by bank transfer. Other payment methods and other currencies are not available yet. See the full payment journey

Static virtual accounts

A dedicated account number for a standing collection.

Issue an account that a customer pays into directly, tied to one purpose such as a specific customer or subscription, instead of one order at a time. Create, list and block accounts through the API.

How virtual accounts work
Examplepending_activation → active

Subscription collection

90 • • • • • • 01

Account type
static
Bank
Issued by an available bank
Purpose
Up to 255 characters

Fictional values. Available banks come from the API, not from this page.

For developers

A small API surface you can read in one sitting.

Eight documented endpoints, one response envelope, signed webhooks with retries, and separate test and live keys. Our guide follows the public documentation, which remains the authoritative reference.

Integration guideOfficial documentation
Initialise a paymentHTTP
POST /api/transactions/initialize/
Authorization: Bearer sk_test_XXXX

{
  "amount": 500000,   // kobo, so ₦5,000
  "email": "customer@example.com",
  "reference": "order-1042",
  "callback_url": "https://yourapp.com/return"
}

Regulation

Listed by the Central Bank of Nigeria.

Konetpay Nigeria Limited is listed by the Central Bank of Nigeria as an authorised Payment Solution Service Provider (PSSP) and Payment Terminal Services Provider (PTSP).

The register shows these two categories. No other authorisation is claimed on this page, and the listing is separate from KonetPay's own compliance review before any merchant goes live.

CBN Payment Service Providers register

Registered entity
Konetpay Nigeria Limited
PSSP Authorisation
Payment Solution Service Provider
PTSP Authorisation
Payment Terminal Services Provider
Regulator
Central Bank of Nigeria

Pricing

Published per-transaction pricing.

No setup fee and no monthly fee, as published by KonetPay. Rates last checked 2 October 2026.

1%per transaction through hosted checkout, capped at ₦1,500
0.7%per transaction into a static virtual account, capped at ₦300
₦20 / ₦50per settlement: ₦20 up to ₦50,000, ₦50 above
Pricing details and estimator

Start in test mode

Build first. Go live after review.

  1. 1

    Create your business

    Sign up and your test credentials are issued immediately.

  2. 2

    Build and test

    Test and live are fully isolated. Build and exercise the whole integration with test keys.

  3. 3

    Compliance review

    Submit your business for review. Submission is not approval.

  4. 4

    Go live

    On approval, live credentials are issued. Swap the keys and start collecting.

Create a test accountMerchant sign in

Insights

Payment, regulatory and product milestones, and genuine payment partnerships.

All insights

Questions before you start?

Talk to the KonetPay team about onboarding, integration or volume pricing.

Contact salesSupport