Market specifications

Take a look of all the information you need to make a payout.

Country reference Mandatory paramenters

Payment methods

Find all the information about payment methods capabilities.

Bank transfers

Bank information

Find all the bank account validations details you need to make a payout.

Bank account validations Bank codes

Market specifications

Do you want to know more information about Nigeria's market? Go to the Nigeria’s economy and eCommerce market article.

Demerge Nigeria Limited is a limited company incorporated in Nigeria and licensed by the Central Bank of Nigeria as a Payment Solution Service Provider.

Country reference

Mandatory parameters

Bank transfers

Payment methods

Nigeria 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 Nigeria require detailed account information, including bank code and account number. The format of these fields depends on the receiving bank, and strict validation rules apply.

Refer to the bank account validations and bank codes sections for format specifications.

Mandatory parameters

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

Example request - NGN currency

{
  "external_id": "1234567812345678",
  "payment_method_id": "BANK_TRANSFER",
  "flow_type": "B2C",
  "purpose": "OTHER_SERVICES",
  "country": "NG",
  "amount": 4316.50,
  "currency": "NGN",
  "comments": "this is the 1st comment",
  "beneficiary": {
    "first_name": "Daniela",
    "last_name": "Perez",
		"phone": "+23408030740602",
    "bank_account": {
      "code": "001",
      "account": "1234567891"
    }
  }
}

Bank information

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