Generally, Monnify supports any business that requires payments, whether starter businesses (businesses without CAC registration) or registered businesses (companies with CAC registration). Whether you run a local supermarket or manage government tax collections, our infrastructure is built to handle your specific transaction needs.

1. Retail and Hospitality

• SMEs and E-Commerce
• Supermarkets and FMCGs
• Filling Stations and Gas Plants
• Social Media Platforms
• Hotels and Quick Service Restaurants (QSRs).
• Hospitals and Health Institutions
• Private Associations and Exclusive Clubs
• Tolls/Park Fee Collection

2. Institutions, Public Sector and Non-Profits

• Educational Institutions
• Government Parastatals
• Religious Organisations

3. Utilities, Real Estate and Services

• Internet Service Providers, Telcos and VAS platforms
• Electricity/Utilities Companies
•  Logistics and Delivery 
• Travel and Tourism
• Airlines

4. Financial Services and Fintech

• Savings and Investment Firms
• Digital and Micro Lending Platforms
• Digital banks
• Insurance Companies
• Super Agents
• Betting & Gaming Companies

Prohibited Business Categories

To adhere to Central Bank of Nigeria (CBN) regulations and maintain the integrity of our financial framework, Monnify does not process payments for the following business categories:

• Ponzi Schemes Platforms
• Cyberlocker Remittances (IMTO)/Cross Border Payments
• Cryptocurrency platforms
• Arms and Ammunition
• Adult Content and Associated Services