₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,325,151 members, 8,420,574 topics. Date: Friday, 05 June 2026 at 03:00 AM

Toggle theme

Building A Payment Gateway - Programming - Nairaland

Nairaland ForumScience/TechnologyProgrammingBuilding A Payment Gateway (1162 Views)

1 Reply (Go Down)

Building A Payment Gateway by FTF2069(op):
...I'm not talking about strapping a custom Paystack / Interswith form to my deposit page. How do i get to relay info directly with the Card schemes like Verve, Visa, MasterCard etc., How do i get in contact with an acquiring bank, what procedures are needed, how much are we talking about in expenses.


Please help is welcome from Fintech Experts, Project Managers, Programme managers, programmers and anyone with insights into these area.

Thanks
Re: Building A Payment Gateway by spikesC(m): 7:28pm On Jan 19, 2019
This is a research you should actually have done before even touching code.
Research 'Payment facilitators' and 'Payment aggregators'

No card scheme is going to give you direct access cos you're too small a startup(high risk). In Nigeria, you'll need to go through Interswitch or Flutterwave. Licensing requirements is being drafted right now so expect huge capital requirements thanks to inept government policies
Re: Building A Payment Gateway by FTF2069(op): 7:34pm On Jan 19, 2019
spikesC:
This is a research you should actually have done before even touching code.
Research 'Payment facilitators' and 'Payment aggregators'

No card scheme is going to give you direct access cos you're too small a startup(high risk). In Nigeria, you'll need to go through Interswitch or Flutterwave. Licensing requirements is being drafted right now so expect huge capital requirements thanks to inept government policies
Thanks, I've always researched and read through the process. I just never really understood it in practical process how to take next steps in this regards.

Thanks. About the licensing requirements can you give a bit of heads-up in that area
Re: Building A Payment Gateway by spikesC(m): 8:08pm On Jan 19, 2019
FTF2069:
Thanks, I've always researched and read through the process. I just never really understood it in practical process how to take next steps in this regards.

Thanks. About the licensing requirements can you give a bit of heads-up in that area
Here's the draft document

[url]https://www.cbn.gov.ng/Out/2018/PSMD/Circular%20on%20the%20exposure%20draft%20of%20new%20CBN%20licensing%20regime%20(Licence%20tiering)%20for%20payment%20system%20providers%20.pdf[/url]

So basically, prepare to raise investment funds. A lot of funds!
Re: Building A Payment Gateway by FTF2069(op): 8:49pm On Jan 19, 2019
spikesC:
Here's the draft document

[url]https://www.cbn.gov.ng/Out/2018/PSMD/Circular%20on%20the%20exposure%20draft%20of%20new%20CBN%20licensing%20regime%20(Licence%20tiering)%20for%20payment%20system%20providers%20.pdf[/url]

So basically, prepare to raise investment funds. A lot of funds!
Thank you.
Re: Building A Payment Gateway by FTF2069(op):
.
1 Reply

Django Payment Gateway Integration How To Build A Payment SystemBuilding A Payment AppHelp!!!. What Language Is Best For Developing A Payment App.234

Professional Whatsapp Bot DeveloperProfessional Web Designing Training On WhatsappI Need A Shopify Expert Who Is Also A Sales Funnel Expert As Well.