Africa
Covers local settlement rails across African currencies:
Currency | Payout Method | Transfer Speed | Transaction Limit | Cut-off Time (UK) | Key Features & Notes | Access |
|---|---|---|---|---|---|---|
NGN | NIBSS NIP / NEFT | Same-day | 100,000,000 | 24/7 | Instant and batch local transfers. Supports 1st & 3rd-party collections via VA. | All |
KES | RTGS / PesaLink/M-Pesa | Instant to T+1 | Pesalink = 1,000,000 RTGS = No Limit | Pesalink = 24/7 RTGS = 13:00 GMT | Local clearing via Kenyan banks; mobile money optional. | All |
Kenya - USD/GBP/EUR | RTGS | T+0 | 250,000 (payments more then 250k may be cleraed via SWIFT or RTGS automatically based on recieving bank) | 13:30 | USD, GBP, EUR payments to Kenya are cleared via domestic payment scheme (not SWIFT). | All |
GHS | GhIPSS / ACH / Instant Pay | T+1 | No Limit | 09:00 | Includes local and mobile money payouts. | Platform |
XOF | WAEMU RTGS / Local ACH | T+2-T+5 | 100,000,000 | 09:00 | Regional clearing within WAEMU countries. | All |
XAF | CEMAC local clearing | T+2-T+5 | 100,000,000 | 09:00 | Regional clearing within CEMAC bloc. | All |
ZAR | EFT / RTGS | Same-day | No Limit | 10:30 | Payments are cleared from offshore into South Africa via SWIFT. The recipient will be asked for supporting information. | Platform Only |
UGX | RTGS / ACH | T+1 | No Limit | 17:00 | Domestic payments | All |
TZS | TIPS/Mobile Money/RTGS | Instant/T+1 | TIPS = 20m TZS | 17:00 | Domestic payments and mobile wallet options. | All |
EGP | SWIFT | T+3 | No Limit | 09:00 | Payments are cleared from offshore into South Africa via SWIFT. The recipient will be asked for supporting information. | Platform only |
MAD | SWIFT | T+3 | No Limit | 09:00 | Payments are cleared from offshore into South Africa via SWIFT. The recipient will be asked for supporting information. | Platform only |
ETH | SWIFT | T+3 | No Limit | 09:00 | Payments are cleared from offshore into South Africa via SWIFT. The recipient will be asked for supporting information. | Platform only |
Updated 7 months ago