A payment gateway enables businesses, governments, NGOs, charities, and others to receive payments from their websites or other digital touchpoints through cards, transfers, USSD, wallets, etc, for themselves or on behalf of their customers.

While there are a number of payment gateway providers in Nigeria, the 10 prominent players are listed below:

1. Remita
2. Paystack
3. Flutterwave
4. Interswitch
5. Seerbit
6. Fincra
7. Kora
8. Moniepoint
9. eTranzact
10. HabariPay

1. Remita

Launched in 2005, the Remita payment gateway is offered by Remita Payment Services Limited, a subsidiary of SystemSpecs. It is robust and resilient and is in use by many SMEs, corporates, religious institutions, NGOs, governments, fintechs, etc.

Selected by the Central Bank of Nigeria, it serves as the payment gateway for the National Treasury Single Account (TSA) initiative, processing millions of local and foreign transactions across multiple channels. Remita processes more than N60 trillion in transaction value annually.

2. Paystack

Founded in 2015, Paystack is a leading payment gateway provider. Its payment gateway enables customers to easily activate collections on their digital touchpoints.

By July 2024, Paystack announced it had processed a staggering N1 trillion in a single month – a milestone that spoke volumes of its rapid adoption among startups and enterprises.

Founded by Nigerian entrepreneurs, Paystack was acquired by global payment company Stripe in October 2020.

3. Flutterwave

Founded in 2016, Flutterwave is a pan-African payments company providing payment gateway services to merchants, fintechs, and other entities. Merchants use Flutterwave payment gateway to receive payments in different currencies through cards, mobile money, USSD, and bank transfers. Flutterwave processed US$31 billion in transaction value in 2024.

4. Interswitch

Founded in 2002, with an initial focus on card switching and processing, Interswitch expanded into providing payment gateway services that enable customers to receive money digitally through different payment channels. Interswitch processed 1.2 billion transactions in March 2023.

5. Seerbit

Founded in 2019, Seerbit is a Nigerian fintech startup with a mandate to bridge Africa’s offline–online payment divide. The Seerbit payment gateway enables its customers to receive payments digitally through multiple payment channels. As of 2025, Seerbit is active in 12 African countries.

6. Fincra

Founded in 2021 with a grand vision to create a borderless Africa seamlessly connected to global finance. It provides multiple APIs for pay-ins (payment gateway, payment links, virtual accounts) and pay-outs (bulk disbursements, IMTO‑licensed transfers). Between 2023 and 2024, Fincra processed over US$10 billion in transaction value.

7. Kora

Founded in 2017, Kora is among the 10 leading payment gateway providers in Nigeria. It initially started as a blockchain remittance platform before pivoting to B2B Payment infrastructure services.

In addition to its payment gateway service, it now offers pay-ins, payouts, virtual accounts, and card issuing across Africa – helping local and global businesses scale in multiple currencies.

8. Moniepoint

Founded in 2015 as Teamapt, Moniepoint has evolved into a leading payment company. Its Monnify payment gateway allows merchants to receive payments through multiple channels, including cards, bank transfers, USSD, etc. As of 2025, Moniepoint processes roughly US$17 billion monthly.

9. eTranzact

Founded in 2003, eTranzact is a leading payments company that provides a wide-array of payment solutions. Its payment gateway Webconnect, enables businesses to accept payments via cards, USSD, bank transfers, etc.

Merchants on Webconnect benefit from seamless integration, a transaction dashboard, and prompt settlements. eTranzact processes trillions of Naira in payment value annually.

10. HabariPay

Founded in 2021, HabariPay is the fintech subsidiary of GTCO. Its Squad payment gateway allows merchants to collect payments from a variety of payment channels, including cards, bank transfers, USSD, etc. HabariPay processed N27.4 trillion in 2024 alone.

Lagos Startup Week returns in July. Prepare for a week-long celebration of founders, investors, and tech ecosystem stakeholders!

The gathering of founders, investors, government officials, and technology enthusiasts, is one of Nigeria’s most influential events for the Nigerian Startup ecosystem.

Stakeholders converge annually at Lagos Startup to exchange ideas and forge collaborations to illuminate the potential of a better Africa and shape the continent’s future.

The event also fuels the entrepreneurship drive and fosters connections that transcend borders.

Lagos Startup Week has been the heartbeat of the African tech ecosystem for close to a decade now.

Its goal is to provide significant opportunities for startups looking to make a difference in Africa and beyond.

With the theme Limitless: Breaking Boundaries in Business,  this year’s event invites attendees to challenge conventional limitations and embrace a mindset where innovation knows no bounds.

Scheduled for July 8th to 13th, 2024

Describing the spirit of the event, Olumide Olayinka, Co-organizer of Lagos Startup Week, said;

“Lagos Startup Week is a rallying cry for Africa’s entrepreneurs, the trailblazers who dare to dream beyond the “impossible.” We’ve tasted the bitter tang of limitations – infrastructure gaps, funding deserts, and the echo of doubt whispering “not good enough.” But here, at Limitless, we gather to shatter those shackles”, he affirmed.

According to the statement announcing the event, this year’s agenda will cover the latest advancements in artificial intelligence, blockchain, and the nuances of sustainable business practices.

The event will feature thought-provoking keynote sessions, hands-on workshops, and theme-focused masterclasses.

Attendees will explore how these elements can redefine the boundaries of the business world and propel ventures to new heights.

Lagos Startup Week has witnessed many seasoned speakers, each bringing their unique insights and expertise to the table.

They include;

• Ben Llewellyn-Jones (British High Commission),
• Olu Akanmu (Ex OPay),
• Dayo Ademola (Branch),
• Thomas van Halen (VC4Africa),
• Tosin Faniro-Dada (Breega),
• Shola Akinlade (Paystack),
• Kola Aina (Ventures Platform),
• Odun Eweniyi (PiggyVest),
• Oyin Solebo (ARM Labs Lagos Techstars),
• Attilio Di Battista (World Economic Forum),
• Petra Wolkenstein (Startup Wise Guys) and “
• Michael Seibel (Y Combinator) 

Startups & Investors have also been featured in past editions. They include; IFC-World Bank, Paystack, Telesoftas, Omnibiz, Vesti, Moniepoint, Indrive, Gigmile, Kora, Gridcrux, and Branch, to mention a few.

Lagos Startup Week Partners include global tech giants like; AWS, Meta, Spotify, Microsoft, Google, Zoho, Algorand, and Logitech, to mention a few.

The fintech company enables local and global businesses to accept payments, make payouts, and get settled across popular payment channels across Africa

The firm stated that the dollar card acquisition was the latest addition to its suite of currencies, including naira bank account issuing, pay-ins, payouts, and cross-border settlement across multiple countries.

Commenting on the new product, the Head of Product at Kora, Sandra Israel-Ovirih, said, “Incorporating USD card payments has been a priority for a while now.

“We understand that many businesses operate in a global marketplace and need a seamless payment system to handle cross-border transactions. This will be a game changer for African businesses selling to a global market.”

Kora’s Chief Executive Officer, Dickson Nsofor, added, “We want the merchants we serve to scale globally. Giving them the option to accept USD is an important milestone in this effort.

“The focus is on Africa. But despite an increase in Africa’s participation in global trade, our contribution is still only around three percent. Giving African businesses the ability to accept global payment will accelerate Africa’s contribution to international trade.

“Our next step is launching a multicurrency bank account product that allows our merchants to access banking solutions currencies like EUR, GBP, and USD via the Kora platform.”

India’s first credit platform, The Disposal Company, was also announced alongside Kora.

Business leaders and government officials gathered at the International Convention Centre, organised in partnership with the Commonwealth Enterprise and Investment Council, as Kora was unveiled during a presentation at the Commonwealth Business Forum.

Both Commonwealth-sourced investments have been secured as a direct result of the Global Growth Programme, a new UK  government-backed support package for international companies looking to grow in the UK. The programme will provide Kora and The Disposal Company with a package of free support, including office space at Bruntwood SciTech’s Innovation Birmingham campus.

Speaking on the investments, Andrew Griffith MP, UK Minister for Exports, said:

“I’m so pleased to share these new investments, a direct result of the Global Growth Programme, which has helped to showcase the potential of the West Midlands for businesses to invest in. We already have free trade agreements with 33 Commonwealth nations, and additional ones that we are currently negotiating will unlock fresh opportunities for further collaboration, particularly in the green industries that are priorities for the UK and our Commonwealth partners.”

In pursuit of its mission to enable payments across, into and outside of Africa, the West Midlands office will be Kora’s first European presence. The Techstars-backed company has chosen Birmingham as the location for its first UK sales and support office due to the city’s established fintech and banking ecosystem and its rich tech-oriented talent pool.

“Marking our first ever European investment, the launch of our new Birmingham office is a major milestone for Kora. The region’s extensive pipeline of tech talent and strong track record in FinTech and banking will support us in enabling more businesses and individuals to use our innovative payments infrastructure,”  said Gideon Orovwiroro, Chief Operating Officer Kora. The West Midlands Global Growth Programme is part of the Birmingham 2022 Commonwealth Games Business and Tourism Programme (BATP) – the first economic legacy programme of its kind aligned to the Commonwealth Games and is designed to strengthen bilateral ties between the UK and other Commonwealth markets. 

Kora partnered with the Government of Birmingham to power this expansion via the West Midlands Growth Company, an organisation responsible for driving regional investment promotion and economic development for the West Midlands and the UK.

Located at the heart of the UK’s fastest-growing region in terms of technology, Birmingham was chosen as Kora’s first UK office because of its solid infrastructure and ease of access to talent. With this partnership, the West Midlands Growth Company will support Kora’s ambition to provide the infrastructure that allows local African businesses to go global and global companies to go local in Africa.

Gideon Orovwiroro, Chief Operating Officer, Kora, says, “Our ambition from day one has been to make Africa open from a financial standpoint, and our UK office is an important next step for us. We are excited to have a partner in the West Midlands Growth Company whose ambition is aligned with ours; to remove barriers for local and global commerce.”

Kora began operations in Nigeria in 2018 to help Africans in the diaspora make remittances to Africa.

Since then, it has evolved into a payment infrastructure for Africa, allowing global companies to scale rapidly across Africa. With a single integration, Kora powers businesses to accept payins, payouts and settle across popular payment channels.

Kora’s cross-border product is available for businesses across 25 African countries.

Earlier in 2022, Kora received its commercial PSSP license from the Central Bank of Nigeria, further empowering the company to drive its vision of creating open standards for payments across Africa. Kora is a pan-African payment infrastructure offering a robust payment API for payment collections (payins) and disbursements (payout), and cross-border transfers (settlements). Kora services enable global companies to scale rapidly across Africa. With a single integration, Kora powers businesses to accept payins, payouts and settle across popular payment channels