Market specifications

Do you want to know more information about Nicaragua's market? Go to the Tap Into Latin America’s High-Growth Potential article.

Country reference

`country` code	`currency` code	`amount` decimals	`beneficiary.document.type` name	`beneficiary.document.id` format
`NI`	`NIO`	2	DNI	14 digits (13 numbers, 1 letter)

Mandatory parameters

Bank transfers

Bank transfers parameters	B2C	B2B	USD accounts
`external_id`	Yes	Yes	Yes
`payment_method_id`	Yes	Yes	Yes
`flow_type`	Yes	Yes	Yes
`purpose`	Yes	Yes	Yes
`country`	Yes	Yes	Yes
`amount`	Yes	Yes	Yes
`currency`	Yes	Yes	Yes
`currency_to_pay`	-	-	Yes
`beneficiary.first_name`	Yes	-	Yes*
`beneficiary.last_name`	Yes	-	Yes*
`beneficiary.business_name`	-	Yes	Yes*
`beneficiary.document.type`	Yes	Yes	Yes
`beneficiary.document.number`	Yes	Yes	Yes
`beneficiary.bank_account.code`	Yes	Yes	Yes
`beneficiary.bank_account.account`	Yes	Yes	Yes
`beneficiary.bank_account.type`	Yes	Yes	Yes

* For USD accounts, use beneficiary.first_name/beneficiary.last_name for B2C and beneficiary.business_name for B2B.

Payment methods

Nicaragua supports payouts via Bank transfers. This method requires specific parameters and follows validation rules aligned with local compliance and banking standards.

Bank transfers

Bank transfers in Nicaragua require detailed account information, including document type, document ID, bank code, bank account number, account type, currency, and amount. The format of these fields depends on the receiving bank, and strict validation rules apply.

Refer to the bank codes section for format specifications.

Mandatory parameters

All fields listed below are required for bank transfer payouts. For successful processing, ensure correct formatting and value types.

Mandatory parameter	Description
`external_id`	Unique payout identification at the merchant's end. Maximum 100 characters.
`payment_method_id`	Payment method identifier. For bank transfers, use `BANK_TRANSFER`.
`flow_type`	Payout flow type. Valid values: `B2C` (Business to Consumer) or `B2B` (Business to Business).
`purpose`	Payout purpose code. See purpose codes reference.
`country`	Country code. For Nicaragua, use `NI`.
`amount`	Payout amount. Use up to 2 decimal places.
`currency`	Source currency of the FX operation. For Nicaragua, use `NIO` or `USD`.
`currency_to_pay`	Currency to be paid out:`USD`. Mandatory only if the payout needs to be paid in USD. In case this parameter is missing, the payout will be paid in local currency.
`beneficiary.first_name`	Beneficiary's first name. Maximum 50 characters. Required for B2C.
`beneficiary.last_name`	Beneficiary's last name. Maximum 50 characters. Required for B2C.
`beneficiary.business_name`	Beneficiary's business name. Maximum 100 characters. Required for B2B.
`beneficiary.document.id`	Beneficiary's document number. For `CI`: exactly 13 numeric digits. For `RUC`: exactly 14 numeric digits. Must not include letters, spaces, or special characters.
`beneficiary.document.type`	Beneficiary's document type. Use `CI` for Cedula de Identidad, `RUC` for Registro Único de Contribuyente.
`beneficiary.bank_account.code`	Bank code. See bank codes below.
`beneficiary.bank_account.account`	Bank account number. Maximum 45 characters. See bank account validations for format.
`beneficiary.bank_account.type`	Beneficiary's bank account type. Account type: `CHECKING`: Checking accounts `SAVINGS`: Savings accounts

Example request

{
  "external_id": "abc1234567812345678",
  "payment_method_id": "BANK_TRANSFER",
  "flow_type": "B2C",
  "purpose": "OTHER_SERVICES",
  "country": "NI",
  "amount": 245.40,
  "currency": "NIO",
  "beneficiary": {
    "first_name": "JUAN",
    "last_name": "PEREZ",
      "document": {
      "type": "CI",
      "id": "1784559961234"
    },
    "bank_account": {
      "code": "9",
      "account": "1234567891",
      "type": "CHECKING"
    }
  }
}

{
  "external_id": "abc1234567812345679",
  "payment_method_id": "BANK_TRANSFER",
  "flow_type": "B2B",
  "purpose": "OTHER_SERVICES",
  "country": "NI",
  "amount": 1000.00,
  "currency": "NIO",
  "beneficiary": {
    "business_name": "Comercial Nicaragua SA",
      "document": {
      "type": "RUC",
      "id": "12345678901234"
    },
    "bank_account": {
      "code": "7",
      "account": "987654321012",
      "type": "CHECKING"
    }
  }
}

{
  "external_id": "abc1234567812345680",
  "payment_method_id": "BANK_TRANSFER",
  "flow_type": "B2C",
  "purpose": "OTHER_SERVICES",
  "country": "NI",
  "amount": 500.00,
  "currency": "USD",
  "currency_to_pay": "USD",
  "beneficiary": {
    "first_name": "MARIA",
    "last_name": "GARCIA",
    "document": {
      "type": "CI",
      "id": "1784559967890"
    },
    "bank_account": {
      "code": "7",
      "account": "987654321234",
      "type": "SAVINGS"
    }
  }
}

Bank information

Access the reference formats and accepted values required for processing bank payouts in Nicaragua.

Bank codes

These are the values the beneficiary.bank_account.code parameter can take in Nicaragua.

Bank Name	Bank Code
BAC Nicaragua	7
Banco Atlantida Nicaragua	37
Banco Avanz S.A.	19
Banco de Finanzas, S.A. (BDF)	12
Banco Ficohsa Nicaragua S.A.	9
Banpro	8
Lafise Bancentro	6