Monnify allows merchants to collect cash payments from customers or disburse cash to customers through Moniepoint POS Terminals.
Moniepoint business banking platform has a broad reach in every LGA in Nigeria.
Benefits of Offline Payments
More payment options
New market segment
Instant Payment Notification
Features of Offline Payment
Offline Collections on Monnify are accessible by creating Offline Products, while Offline Disbursements are available as Pay Codes.
Collections via Offline Products
Offline Products allows businesses to enlist a product payable with cash at via POS.
How to use offline products
Fixed: allows your business set a fix amount to be paid
Variable: allows the users decide how much they like to pay
Invoice: enables you to make your invoices payable offline
Disbursements via Pay Codes
Paycodes enables merchants to offer cash disbursements to their customers. Moniepoint businesses can provide your customers with access to direct cash value without having to go through the hassle of first withdrawing to their bank to use an ATM.
How to use Paycode
Securely generate Paycodes from your Monnify app with an amount and send directly different beneficiaries.
Offline payments can service different sectors
All business categories can rely on Monnify Offline features to expand their reach to users who might still be heavily reliant on cash.