We built the operating layer that connects your business to local banking rails in emerging markets. Here’s how each part of the system works.
Getting money into the system is straightforward, by design. You initiate a payment from your existing bank — we don’t ask you to open a new account or change your banking relationship. Your bank sends a SWIFT MT103 wire transfer (or, for UAE-origin payments, a domestic bank transfer) to a designated account at our regulated banking partner. The payment references your unique NiyoGate client identifier, which maps the incoming funds to your ledger automatically.
Once the partner bank confirms receipt and anti-money laundering checks clear on the inbound side, the funds are credited to your NiyoGate balance. For SWIFT wires, this typically takes one business day. For local UAE transfers, same-day credit is standard. We send a webhook notification and email confirmation when funds are available.
Collection accounts are held at regulated banking partners. Account details are provided upon client activation.
Rates from regulated liquidity providers. Subject to market conditions. Actual rates locked at time of transaction confirmation.
The FX conversion step is where most cross-border providers introduce opacity — hidden spreads, post-trade adjustments, or blended rates that obscure the actual cost. We made transparency a design principle, not a marketing claim.
Our platform aggregates indicative rates from regulated liquidity providers in each corridor. When you initiate a payout, we present the best available rate alongside the current mid-market benchmark. You see the spread explicitly. Rate locks are available for up to 30 seconds on standard pairs, which is sufficient to confirm via API or dashboard. The conversion itself is executed by the licensed banking partner — NiyoGate does not conduct FX activity directly.
For recurring or high-volume clients, we can arrange negotiated rate agreements through our banking partners that provide more favourable pricing on specific corridors.
Reaching the beneficiary’s account through the right domestic clearing system.
Four settlement rails available: UPI for instant retail-value transfers (up to ₹2 lakh), IMPS for 24/7 interbank transfers, NEFT for hourly batch clearing, and RTGS for high-value real-time gross settlement (₹2 lakh+). Rail selection is automatic based on amount and urgency, but can be overridden via API. All rails settle through RBI-regulated clearing infrastructure.
Domestic bank-to-bank transfer and IPP (Immediate Payment Platform) for same-day settlement. The IPP provides near-instant AED transfers between UAE banks. Settlement is through CBUAE-operated clearing. Particularly relevant for businesses collecting in AED and paying local suppliers or staff within the UAE.
M-Pesa mobile money transfers reach virtually any recipient in Kenya with a registered Safaricom number — which covers the vast majority of the working-age population. For corporate recipients or larger amounts, direct bank credit is available via the CBK domestic clearing system. M-Pesa settlements typically confirm within minutes.
NIP (Nigeria Instant Payment) is the primary interbank transfer mechanism, providing near-instant settlement to any bank account in Nigeria. For specific use cases, standard bank-to-bank transfers via the CBN clearing system are also available. All disbursements are processed through CBN-regulated banking partners.
RESTful endpoints with OpenAPI 3.0 documentation. Sandbox environment mirrors production with full parity — same endpoints, same response structures, same validation rules. Most engineering teams complete integration within a few days.
Real-time HTTP callbacks on every transaction status change. Payloads are signed with HMAC-SHA256 so your system can verify authenticity. Retry logic with exponential backoff handles temporary failures on your receiving endpoint.
Upload a CSV with beneficiary details or submit batch requests via the API. The system validates each row, runs compliance screening, executes FX, and disburses individually — but you manage it as a single operation. Status tracking is per-payment within the batch.
Downloadable reports in CSV and PDF, filterable by date, corridor, status, or reference. Each report line includes your internal reference, the NiyoGate transaction ID, FX rate applied, fees, and the banking partner’s local clearing reference.
Configure recurring payment schedules — weekly, bi-weekly, or monthly — with automatic FX conversion at the prevailing rate on execution day. Useful for businesses running regular payroll or supplier payment cycles in destination markets.
Track the KYB status of every beneficiary, view transaction monitoring alerts, and access the full compliance audit trail for any transaction. Designed to give your compliance team the visibility they need without having to request reports from us.
Discuss your payment corridors, compliance requirements, and integration timeline with our team.