Kora Payments API
Kora (Formerly Korapay) · Banking & Fintech · Payments · Currency Exchange
Kora (formerly Korapay) is a pan-African payment infrastructure company founded in 2017, licensed by the CBN as a Payment Service Solution Provider (PSSP). The Kora Payments API covers the full payment lifecycle: pay-in collections via card, bank transfer, USSD, and mobile money; bulk payout disbursements for payroll and logistics; virtual bank account issuance for automated reconciliation; and virtual card issuing in USD and NGN.
Nigerian startups with pan-African or cross-border ambitions needing collections, bulk payouts, virtual accounts, and card issuance from a CBN-licensed platform with immediate sandbox access
Formerly Korapay — rebranded to Kora. CBN PSSP licensed (2022). Free test keys with no compliance review makes it easy to prototype. Used by GIG Logistics and MyXalary for bulk payouts. Docs still at developers.korapay.com.
Features Included
Not Supported
Technical Specs
- Pricing:Free setup + 1.5% per local transaction (cards, bank, USSD, mobile money)
- Authentication:Bearer Token (Public + Secret Keys)
- Rate Limit:200 requests/min
- Sandbox Mode:✓ Available
Key Highlights
- CBN PSSP licence (2022) provides regulated foundation for all payment activities with regulatory credibility
- Used by GIG Logistics and MyXalary—confirming production reliability for bulk payouts at scale
- Free test API keys issued immediately with no compliance review required for rapid sandbox integration
- PCI-DSS and ISO certified for international card data security and compliance standards
- Expanding pan-African presence with UK and Canada partnerships for diaspora payments
Required Access Documents
- CAC CertificateRequiredRequired for live key activation; Kora's compliance team reviews your CAC documents.
- Director's Valid IDRequiredGovernment ID (NIN, International Passport, or Driver's Licence) for at least one director.
- Proof of Business AddressRequiredUtility bill or bank statement (within 3 months) confirming your business address.
- Business Bank AccountRequiredSettlement account in your company's registered name; Kora supports NGN or USD settlement.
Use Cases
- Primary Use Case:Implement this API to solve core business problems and integrate essential functionality into your applications.
- Enterprise Integration:Integrate with enterprise systems to streamline workflows, automate processes, and improve operational efficiency.
- Scalable Infrastructure:Build scalable applications leveraging this API infrastructure handling growing user bases and transaction volumes.
- Data Analytics & Insights:Extract valuable insights from API data to inform business decisions and identify optimization opportunities.
- Automation & Compliance:Automate repetitive tasks, ensure regulatory compliance, and maintain detailed audit trails for governance.