Fincra payout guide

Everything you need to know about Payouts with Fincra

Make Payouts

Send International Payments Across Borders Seamlessly

Being able to make or send secure payments is one of the most important parts of running any business. Fincra’s payout service allows you to send secure business and individual payments in major G7 and African currencies to bank accounts and mobile money wallets, making it ideal for global businesses to make regular international payments and also pay like a local.

Send money to bank accounts and mobile money wallets - Fincra
Payout API

Make seamless single and cross currency payouts through our API

Whether you are settling invoices globally or entering a new market to acquire new customers, our payout API can automate your payment flow and smoothen your operations, allowing you to focus on scaling your business.

Send money to bank accounts and mobile money wallets - Fincra

Features

Global reach

Global reach

Send secure and seamless payouts in USD and other supported currencies to over 100 different countries

Detailed records

Detailed records

Access to your complete payout history including transactions, notifications and more

Reduced risk

Reduced risk

Fincra’s world class security and encryption protects your data from fraud and any criminal interference

Use customers' preferred digital wallets

Use customers' preferred digital wallets

Send payments to recipients preferred accounts, either bank accounts or other mobile wallets via dashboard or API.

Supported Currencies

usd iconUnited States Dollar
eur iconEuropean Euro
ngn iconNigerian Naira
gbp iconBritish Pound Sterling
zar iconSouth African Rand
kes iconKenyan Shilling
ghs iconGhana Cedis

FINCRA Payout Guide

Initiate single and cross-currency payouts in any of our supported currencies via the dashboard or API

For an overview of Fincra's payout service, see table below showing the currencies, payment schemes supported, destination countries and beneficiary types.

Payout Currencies
Payment Schemes
Payment Destination
Destination Countries
Beneficiary Type
usd USD
SWIFT
Bank Account
Any (except prohibited)
Corporate
gbp GBP
SWIFT
Bank Account
Any (except prohibited)
Corporate
gbp GBP
CHAPS
Bank Account
UK
Corporate, Individual
gbp GBP
FAST
Bank Account
UK
Corporate, Individual
eur EUR
SWIFT
Bank Account
Any (except prohibited)
Corporate
eur EUR
SEPA
Bank Account
EEA Region
Corporate, Individual
eur EUR
SEPA Instant
Bank Account
EEA Region
Corporate, Individual
ngn NGN
None
Bank Account
Nigeria
Corporate, Individual
zar ZAR
None
Bank Account
South Africa
Corporate, Individual
kes KES
None
Mobile Money Wallet
Kenya
Corporate, Individual
kes KES
None
Bank Account
Kenya
Corporate, Individual
ghs GHS
None
Bank Account
Ghana
Corporate, Individual
ghs GHS
None
Mobile Money Wallet
Ghana
Corporate, Individual

PAYMENT SCHEMES

Payment schemes and information required

The table below shows the detailed information required for various payment schemes supported by Fincra.

Payment Schemes Supported
Information Required
SWIFT
  • IBAN/Account Number
  • Beneficiary name
  • Bank name
  • Bank Address
  • Beneficiary Address
  • Country
  • BIC/Swift code
  • Routing code/Sort code
  • Bank branch(Optional)
  • Correspondent bank (Optional)
  • Payment Reference
CHAPS
  • IBAN/Account Number
  • Beneficiary name
  • Bank name
  • Bank address
  • Beneficiary address
  • Country
  • Sort code
  • BIC/Swift code
  • Payment Reference
FAST
  • IBAN/Account Number
  • Beneficiary name
  • Bank name
  • Bank address
  • Beneficiary address
  • Country
  • Sort code
  • BIC/Swift code
  • Payment Reference
SEPA
  • IBAN/Account Number
  • Beneficiary name
  • Bank name
  • Bank address
  • Beneficiary address
  • Country
  • BIC/Swift code
  • Routing code/Sort code
  • Payment Reference
SEPA Instant
  • IBAN/Account Number
  • Beneficiary name
  • Bank name
  • Bank address
  • Beneficiary address
  • Country
  • BIC/Swift code
  • Routing code/Sort code
  • Payment Reference (Optional)
Bank Account (Local)
  • Bank name
  • Account Number
  • Beneficiary name
  • Bank address
  • Payment Reference (Optional)
*In some countries like Ghana, additional information such as Bank Branch is required for local payouts.
Mobile Money
  • Mobile Network
  • Phone Number
  • Beneficiary name
  • Payment Reference (Optional)

EEA REGIONS

Supported EEA Regions for Payouts

Countries in the EEA region where Euro (EUR) payouts can be made to (SEPA and SEPA Instant):

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, UK.

PROHIBITED COUNTRIES

Prohibited Countries for Payouts

Afghanistan, The Bahamas, Botswana, Bosnia and Herzegovina, Ethiopia, Guyana, Iraq, Lao, PDR, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Yemen, Uganda, Vanuatu, Democratic People's Republic of Korea (DPRK), Iran, Central African Republic, Congo, Iran, Lebanon, Libya, Mali, Nicaragua, North Korea, Russia, Somalia, Sudan, Syria, Ukraine, Venezuela.

Safety and security guaranteed

  • We take security seriously at Fincra. All funds are safe and can be accessed for transactions at any time.

    We take security seriously at Fincra. All funds are safe and can be accessed for transactions at any time.

  • World-class security and encryption to protect all data from any form of fraud.

    World-class security and encryption to protect all data from any form of fraud.

  • We establish and adhere to AML/CFT policies, and we have an in-house compliance team that conducts periodic audits and consistently implements industry security benchmarks.

    We establish and adhere to AML/CFT policies, and we have an in-house compliance team that conducts periodic audits and consistently implements industry security benchmarks.

Safety and security guaranteed - Fincra