We built the operating layer that connects your business to local banking rails in emerging markets. Here’s how each part of the system works.
Getting money into the system is straightforward, by design. You initiate a payment from your existing bank — we don’t ask you to open a new account or change your banking relationship. Your bank sends a SWIFT MT103 wire transfer (or, for UAE-origin payments, a domestic bank transfer) to a designated account at our regulated banking partner. The payment references your unique NiyoGate client identifier, which maps the incoming funds to your ledger automatically.
SWIFT wires credit in one business day; local UAE transfers credit same day. Webhook notification fires when funds are available.
Collection accounts are held at regulated banking partners. Account details are provided upon client activation.
Rates from regulated liquidity providers. Subject to market conditions. Actual rates locked at time of transaction confirmation.
The FX conversion step is where most cross-border providers introduce opacity — hidden spreads, post-trade adjustments, or blended rates that obscure the actual cost. We made transparency a design principle, not a marketing claim.
Our platform aggregates indicative rates from regulated liquidity providers in each corridor. When you initiate a payout, we present the best available rate alongside the current mid-market benchmark. You see the spread explicitly. Rate locks are available for up to 30 seconds on standard pairs, which is sufficient to confirm via API or dashboard. The conversion itself is executed by the licensed banking partner — NiyoGate does not conduct FX activity directly.
Reaching the beneficiary’s account through the right domestic clearing system.
Four settlement rails available: UPI for instant retail-value transfers (up to ₹2 lakh), IMPS for 24/7 interbank transfers, NEFT for hourly batch clearing, and RTGS for high-value real-time gross settlement (₹2 lakh+). Rail selection is automatic based on amount and urgency, but can be overridden via API. All rails settle through RBI-regulated clearing infrastructure.
IPP for near-instant domestic transfers, or standard bank-to-bank via CBUAE clearing. Same-day settlement.
M-Pesa mobile money transfers reach virtually any recipient in Kenya with a registered Safaricom number — which covers the vast majority of the working-age population. For corporate recipients or larger amounts, direct bank credit is available via the CBK domestic clearing system. M-Pesa settlements typically confirm within minutes.
NIP via NIBSS for near-instant interbank transfers. Standard bank-to-bank also available via CBN clearing.
RESTful endpoints with OpenAPI 3.0 documentation. Sandbox environment mirrors production with full parity — same endpoints, same response structures, same validation rules. Most engineering teams complete integration within a few days.
HMAC-SHA256 signed callbacks on every status change with retry logic.
Upload a CSV with beneficiary details or submit batch requests via the API. The system validates each row, runs compliance screening, executes FX, and disburses individually — but you manage it as a single operation. Status tracking is per-payment within the batch.
Downloadable reports in CSV and PDF, filterable by date, corridor, status, or reference. Each report line includes your internal reference, the NiyoGate transaction ID, FX rate applied, fees, and the banking partner’s local clearing reference.
Configure recurring payment schedules — weekly, bi-weekly, or monthly — with automatic FX conversion at the prevailing rate on execution day. Useful for businesses running regular payroll or supplier payment cycles in destination markets.
KYB status, monitoring alerts, and full audit trail accessible directly.
Discuss your payment corridors, compliance requirements, and integration timeline with our team.