Question 1

What does CBI Monie do?

Accepted Answer

CBI Monie is a Nigerian payment infrastructure platform operated by CBI Technologies Limited. The company is licensed by the Central Bank of Nigeria (CBN), ISO-certified, NDPR-compliant, and PCI-DSS certified — making it one of the compliance-ready options for Nigerian businesses and fintechs needing embedded payment capabilities. CBI Monie offers multi-channel payment acceptance including POS terminals, dynamic QR codes, virtual account numbers, payment links, and a developer API for programmatic integration.

What the API Does

The CBI Monie API provides RESTful endpoints for: wallet balance and transaction management; QR code and virtual account generation; merchant onboarding for agent networks; payment links and checkout sessions; and real-time webhook events for automated workflows. The API is designed for fintechs, ERP systems, government platforms, and agent network operators that need to embed payment infrastructure into their products.

How Developers Use It

API access is by request — developers contact support@cbitechnologiesltd.com to initiate onboarding. Once approved, API credentials are issued. The platform provides SDKs and webhook integration modules. A sandbox environment is available for safe testing of transactions and webhook events before going live. The API follows RESTful conventions.

Pricing

Not publicly listed. CBI Monie pricing is available upon request through their sales and support team at support@cbitechnologiesltd.com. There is also a dedicated pricing page at cbimonie.com/pricing for merchant plans.

Compliance

CBN-licensed, ISO-certified, NDPR-compliant (Nigeria Data Protection Regulation), and PCI-DSS certified. CBI Monie handles cardholder data in compliance with international payment security standards. All merchant and API partner onboarding includes KYC verification.

Supported Payment Channels

POS terminals (physical card-present), dynamic QR codes, virtual account numbers (NIP transfers), payment links and hosted checkout, and web/mobile integration via API.

Challenges and Gotchas

(1) API access is not self-serve — requires approval and manual onboarding. (2) No USSD payment support. (3) No crypto or cross-border payment capabilities. (4) Rate limits and detailed technical specs are not publicly documented. (5) Compared to Paystack or Flutterwave, documentation is less comprehensive and publicly accessible.

Company Background

CBI Monie is a product of CBI Technologies Limited, a Nigerian fintech infrastructure company. The platform targets enterprise and institutional clients including government agencies, large merchants, fintechs building on top of their rails, and agent network operators who need a compliant multi-channel payment stack.

FAQs

Q: How do I get API access?
A: Contact support@cbitechnologiesltd.com to request API access. Access is not self-serve.

Q: Is there a sandbox?
A: Yes. CBI Monie provides a developer-safe sandbox for testing transactions and webhooks.

Q: Is CBI Monie suitable for a consumer app?
A: Yes, through the wallet and virtual account APIs. It is also well-suited for B2B and enterprise platforms.

Q: Does CBI Monie accept international cards?
A: Yes. POS and card acceptance includes Verve, Visa, and Mastercard.

Q: Can CBI Monie handle agent network onboarding?
A: Yes. The Merchant Onboarding API is specifically designed for programmatically onboarding agents at scale.

The PCI DSS certification of CBI Monie ensures that card data processed through the platform meets the Payment Card Industry Data Security Standard requirements for cardholder data protection. For Nigerian fintechs and enterprises concerned about compliance with card scheme requirements, CBI Monie's certified status removes the burden of achieving independent PCI DSS certification for card data handling within the integrating platform's environment.

QR code payment functionality in CBI Monie enables merchant-displayed QR codes that customers can scan to initiate payments using their mobile banking apps or fintech wallets. As QR code payment adoption grows in Nigeria — driven by CBN's promotion of cashless payment infrastructure and the expansion of mobile banking usage — merchants integrated with CBI Monie can offer this payment channel alongside traditional card and bank transfer methods without additional infrastructure.

Merchant onboarding APIs within CBI Monie allow platform operators managing merchant networks to programmatically onboard new merchants, verify their identity and business credentials, and activate payment acceptance — building automated merchant lifecycle management for agent banking platforms, marketplace operators, and payment aggregators managing large merchant portfolios in Nigeria.

Question 2

How much does CBI Monie cost?

Accepted Answer

CBI Monie is a paid API. Pricing not publicly listed. Contact CBI Monie at support@cbitechnologiesltd.com for enterprise API access and fee structure.

Question 3

How do I authenticate with the CBI Monie API?

Accepted Answer

API Key (contact CBI Monie to obtain)

Question 4

Is there a rate limit on CBI Monie?

Accepted Answer

Not publicly specified

Question 5

Does CBI Monie offer a sandbox or test mode?

Accepted Answer

Yes — CBI Monie provides a sandbox or test environment so you can integrate and test before going live.

Question 6

What is CBI Monie best suited for?

Accepted Answer

Nigerian fintechs, ERP systems, government platforms, and agent network operators that need embedded payment infrastructure — wallets, virtual accounts, QR codes, and merchant onboarding via a CBN-licensed, PCI-DSS certified API.

Question 7

Is there anything else I should know before integrating CBI Monie?

Accepted Answer

CBI Monie is operated by CBI Technologies Limited, CBN-licensed, ISO-certified, NDPR-compliant, and PCI-DSS certified. API access is by request — contact support@cbitechnologiesltd.com. Supports POS, QR, virtual accounts, and web payment channels. Sandbox available for testing.

Question 8

Where can I find CBI Monie's documentation?

Accepted Answer

The official API documentation is at https://cbimonie.com/api-documentation. The provider's website is https://cbimonie.com.

Question 9

Does CBI Monie support Nigerian developers?

Accepted Answer

Yes — CBI Monie explicitly supports Nigerian developers/use cases.

CBI Monie

Features Included

Not Supported

Key Highlights

Required Access Documents

Use Cases

Ask question or give feedback

Sign in to participate

Discover similar API's

Ask question or give feedback

Sign in to participate