Verify And Disburse
A 3-step recipe with Moniepoint. We can help you get access.
Recipe · 3 steps
Verify And Disburse
with Moniepoint · KYC & Customer Due Diligence Management
Verify a beneficiary account by Name Inquiry, then disburse to it and poll for completion.
- Resolve the registered account name for the beneficiary account number and bank code before paying out.
- Initiate a single NIP transfer carrying the beneficiary account name resolved by Name Inquiry.
- Poll the single transfer summary until it reaches a terminal status of SUCCESS, FAILED, or REVERSED.
What you'll need to have ready
- destinationAccountNumber: Beneficiary bank account number to pay out to.
- destinationBankCode: NIP bank code of the beneficiary bank.
- amount: Amount to transfer.
- reference: Unique merchant reference for the transfer.
- narration: Narration shown on the transfer (max 100 chars).
- currency: ISO currency code for the transfer (e.g. NGN).
- sourceAccountNumber: Merchant disbursement wallet account number to debit.
For your developer
Arazzo workflow moniepoint:verify-and-disburse, 3 operations: validateAccount → initiateSingleTransfer → getSingleTransferStatus. Specs on APIs.io.