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Ikiodiete George
- 4 Min Read
Top 10 Payment Gateway Apps In Nigeria For 2025
Online payments in Nigeria are evolving rapidly. Whether you're an entrepreneur, freelancer, e-commerce store owner, or mobile app developer, integrating a reliable payment gateway is crucial for smooth business transactions. With improved infrastructure, fintech growth, and digital banking, more Nigerians are now choosing mobile-friendly payment solutions.
In this guide, we’ll explore the Top 10 Payment Gateway Apps in Nigeria for 2025, comparing their features, fees, and ideal use cases.
Best Payment Gateway Apps in Nigeria (2025)
| Rank | Gateway App | Settlement Time | Currencies Supported | Mobile App | Transaction Fee | Best For | Rating |
| 1 | Paystack | T+1 | NGN, USD | Yes | 1.5% + ₦100 | E-commerce, Startups | 9.7/10 |
| 2 | Flutterwave | T+1 | NGN, USD, GBP, more | Yes | 1.4% + ₦100 | Multinational merchants | 9.6/10 |
| 3 | Monnify | T+1 | NGN | Yes | 1.3% | Fintechs, SMEs | 9.4/10 |
| 4 | Squad by GTCO | T+1 | NGN | Yes | 1% | SMEs, POS merchants | 9.2/10 |
| 5 | Remita | T+2 | NGN | Yes | 2% (avg.) | Government & billing | 9.0/10 |
| 6 | Korapay | T+1 | NGN, USD | No | 1.4% | APIs, developers | 8.9/10 |
| 7 | Paylink | T+2 | NGN | Yes | 1.5% | Freelancers | 8.8/10 |
| 8 | Interswitch Webpay | T+3 | NGN | No | 1.5% | Large enterprises | 8.7/10 |
| 9 | Chipper Checkout | T+1 | NGN, USD | Yes | 1.5% | International transfers | 8.6/10 |
| 10 | Opay for Business | T+1 | NGN | Yes | 0.9%–1.3% | POS & retail merchants | 8.5/10 |
1. Paystack – Best Overall Payment Gateway in Nigeria
Paystack is Nigeria’s most popular payment gateway. Trusted by over 60,000 businesses, it supports card payments, bank transfers, USSD, and Apple Pay.
Features:
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Real-time transaction monitoring
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Custom checkout pages
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API for developers
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Supports international cards
2. Flutterwave – Best for Global Payments
Flutterwave enables businesses to accept payments from anywhere in the world. It supports over 150 currencies and platforms like PayPal, Apple Pay, and Barter.
Benefits:
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Multicurrency payment support
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Storefront for online sellers
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Mobile-friendly dashboard
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Great for international e-commerce
3. Monnify – Best for Fintech Integrations
Monnify by TeamApt offers seamless virtual account payments, ideal for mobile apps and fintech startups.
Key Advantages:
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Virtual account creation
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Low fees (1.3%)
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Instant bank transfers
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Real-time settlement
4. Squad by GTCO – Best for Small Businesses
Squad is GTBank's fintech product offering fast settlement and competitive fees, perfect for brick-and-mortar or online SMEs.
Perks:
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Reliable GTBank support
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Free storefront creation
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POS & QR code payments
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No monthly fees
5. Remita – Best for Billing and Government Payments
Remita is widely used for school fees, government levies, and utility payments. It integrates well with banks and offers diverse payment options.
Features:
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Multiple bank integration
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B2B and B2G support
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Recurring payments
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Bill payment automation
6. Korapay – Best Developer-Friendly Gateway
Korapay focuses on APIs for developers and mobile-first startups. It's ideal for platforms looking to build custom financial experiences.
Why Use It:
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Comprehensive developer docs
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Virtual accounts & disbursement tools
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USD & NGN support
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Secure and scalable
7. Paylink – Best for Freelancers and Creators
Paylink by SystemSpecs helps individuals and small teams receive payments via personalized links or embedded forms.
Highlights:
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No website required
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Payment links & invoice tools
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Great for creatives & freelancers
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Integration with Remita
8. Interswitch Webpay – Best for Corporates
A pioneer in Nigerian e-payments, Interswitch Webpay is widely used by banks, insurance firms, and universities.
Top Features:
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Enterprise-grade security
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Trusted by major institutions
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Ideal for legacy platforms
9. Chipper Checkout – Best for Cross-Border Transfers
Chipper offers a payment checkout feature that supports USD and NGN. It’s popular among freelancers and businesses dealing with global clients.
Pros:
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No setup fees
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Receive USD payments
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Mobile & web dashboard
10. Opay for Business – Best for POS and Offline Sales
Opay, famous for its POS network, now supports online payment collections. Great for merchants who also need mobile POS devices.
Key Features:
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Low transaction fees
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Bulk payments & withdrawal
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POS machine integration
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Easy onboarding
FAQs About Payment Gateways in Nigeria
1. What is the best payment gateway in Nigeria?
Paystack and Flutterwave are considered the top options in 2025 due to their reliability, international support, and low fees.
2. Can I receive USD payments in Nigeria?
Yes, Flutterwave, Korapay, and Chipper support international and USD payments, perfect for freelancers and exporters.
3. What is the average payment gateway fee in Nigeria?
Most gateways charge between 1.0% and 1.5%, with some capping fees at ₦2,000 for local transactions.
4. Do I need a website to use a payment gateway?
No. Platforms like Paylink, Squad, and Flutterwave allow you to receive payments via custom links, even without a website.
Conclusion
The Nigerian digital economy is thriving, and these top 10 payment gateway apps are at the center of it. Whether you’re launching an e-commerce store, freelancing internationally, or running a physical shop, choosing the right payment gateway will make or break your revenue flow.
For general e-commerce, Paystack leads the pack. If you're targeting international clients, Flutterwave or Korapay is your best bet. For small businesses and offline merchants, Squad and Opay deliver solid options with fast settlements and minimal fees.
