Payouts are funds transferred to beneficiaries using any of the available payment methods on Fincra, and beneficiaries receive the funds via any of the available payment destination options in supported currencies.

What do I need to make payouts on Fincra?

As a registered merchant, you need to pre-fund your wallet in GBP, EUR, USD, NGN, ZAR, GHS, KES, for cross-border remittances and seamless payouts through your merchant portal.

How do I fund my wallet?

You can fund your wallet balance following the guidelines here.

What currencies can I use to fund my Fincra wallet to make a payout?

You can fund your wallet in all the supported currencies without any hidden fees.

What are the payout options available on Fincra?

There are two types of payout options:

Single Currency Payout: Beneficiaries receive payment in the same currency initiated by the sender.
Cross-Currency Payout: Beneficiaries receive payment in a different currency initiated by the sender.

What are the payout categories?

There are two categories of payouts available:

B2B—Business-to-business payouts in all supported currencies.
B2C—Business-to-customer payouts in all supported currencies.

Can I make bulk payouts?

Making bulk payments is currently not available.

How long does a payout take?

Fincra uses the T+0 settlement for local transactions and T+1 for international transactions. Local transactions are settled instantly, while cross-border transactions may take longer but do not exceed 2 days.