Powering the digital
economy in Africa.
Direct Debit Overview
Types of Mandates
Mono Direct Debit Fixed mandate
Mono Direct Debit (MDD) enables you A xed mandate entails a predetermined payment
amount regularly debited from the customer's
to collect xed or variable payments account, limited by a maximum total debit amount.
on an ongoing basis across major
banks in Nigeria via API or dashboard Variable mandate
A variable mandate entails an un xed sum withdrawn
from the customer's account at any time, limited by
a maximum total debit amount.
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Direct Debit Mandate
Mandate Authorisation
E -Mandate Signature Mandate
The payer is provided with a NIBSS bank The payer must provide a signature for their
account number requiring funding of N50 to bank to approve the mandate.
complete the approval process.
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Direct Debit Mandate
Competitive Flexible Credit Options
Supports both one-to-one and one-
Smart retrial system
Automated retrials for
Advantage to-many credit transactions. unsuccessful debits
Diverse Account Types E ortless Mandate Setup
Simpli es the process of
Supports a range of account options. creating and authorising
(single, joint and business) mandates for users.
Selected
Customers
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Thank You!
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might have. You can reach out to us via
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