Mono Disburse gives businesses a faster, safer way to handle payouts in Nigeria. You can send bulk or single transfers instantly or on schedule, without the risk of floats. Whether it's salaries, loans, vendor payments, or cashback, Mono Disburse makes payouts simple, secure, and reliable. All disbursement transactions are handled in batches, and each batch contains one or more individual distributions.
Here's a breakdown of the pricing for Mono Disburse:
Action | Fee |
Disbursement initiation | 35 NGN + 7.5% VAT |
Transfers 5000NGN and below | 25 NGN + 7.5% VAT |
Transfers between 5,001 NGN and 50,000 NGN | 30 NGN + 7.5% VAT |
Transfers between 50,001 NGN and 100,000 NGN | 35 NGN + 7.5% VAT |
NOTE: All fees are deducted from the businesses' Mono wallet, so you will need to fund your Mono wallet to access this service.
You can refer to this article to learn how to fund your wallet on the Mono dashboard.