"Clauda Pay by Transfer NGN enables Nigerian merchants to accept direct bank transfers in Naira with fast settlement to Nigerian bank accounts, improving payment efficiency and cash flow.

Clauda Pay by Transfer NGN: Simplified Naira Payments with Direct Bank Settlements

In Nigeria’s growing digital economy, businesses need payment solutions that are not only secure and reliable but also efficient and cost-effective. At Clauda, we understand these needs and are proud to introduce Clauda Pay by Transfer NGN — a seamless payment method that allows merchants to accept direct bank transfers in Nigerian Naira (NGN) from their customers, with funds settling swiftly and securely into their Nigerian bank accounts.

Why Bank Transfers Are Critical for Nigerian Businesses

Bank transfers are the dominant payment method in Nigeria due to the widespread use of banking apps, USSD codes, and online banking channels. Despite this, many Nigerian businesses face challenges integrating bank transfers into their online payment workflows, often due to:

  • High transaction fees imposed by payment gateways and intermediaries, which reduce profit margins.

 

  • Delayed fund settlements that disrupt cash flow management and operational planning.

 

  • Complex reconciliation processes that consume time and resources, especially when payment details are inconsistent or incomplete.

 

Clauda Pay by Transfer NGN is designed to overcome these pain points by offering a direct, transparent, and low-cost bank transfer payment solution that improves cash flow and operational efficiency.

How Clauda Pay by Transfer NGN Works

The payment process with Clauda Pay by Transfer NGN is straightforward for both merchants and customers:

  1. At checkout, customers choose Pay by Bank Transfer (NGN) as their payment option.

  2. Customers initiate a local bank transfer using their preferred banking method — whether a mobile banking app, USSD code, or internet banking platform.

  3. Clauda securely verifies the payment and confirms the transfer in compliance with Nigerian banking regulations.

  4. Funds are directly credited to the merchant’s linked Nigerian bank account without unnecessary delays.

  5. Merchants receive real-time payment confirmation through Clauda’s API and dashboard, enabling quick order fulfillment and automated reconciliation.

 

This process eliminates the need for manual tracking and significantly reduces payment errors.

Benefits of Using Clauda Pay by Transfer NGN for Your Business

1. Lower Transaction Costs

By processing payments via direct bank transfers, merchants avoid high fees typically associated with card payments and third-party payment processors, increasing profitability.

2. Faster and Predictable Settlements

Clauda ensures that funds settle quickly and predictably into your Nigerian bank account, enabling better cash flow management and financial planning.

3. Enhanced Payment Security and Compliance

Our platform adheres strictly to Nigerian financial regulations, safeguarding your transactions and customer data with bank-grade encryption and compliance standards.

4. Developer-Friendly API Integration

Clauda provides comprehensive, well-documented APIs that make it easy for developers to add bank transfer payment options to any website or app, reducing integration time and costs.

5. Improved Customer Experience

Customers benefit from a payment method that leverages familiar banking channels, increasing trust and conversion rates.

 

Who Can Benefit from Clauda Pay by Transfer NGN?

Clauda Pay by Transfer NGN is suitable for a variety of Nigerian businesses, including:

  • E-commerce platforms looking to offer flexible, low-cost payment options.

 

  • Subscription-based services requiring reliable recurring payment collections.

 

  • Marketplaces that need to manage multiple transactions and vendor settlements efficiently.

 

  • Small and medium-sized enterprises (SMEs) seeking scalable payment solutions.

 

How to Get Started with Clauda Pay by Transfer NGN

Starting with Clauda Pay by Transfer NGN involves a simple four-step process:

  1. Link your Nigerian bank account securely through the Clauda dashboard.

  2. Integrate the Pay by Transfer NGN option into your checkout process using Clauda’s API and developer documentation.

  3. Test your setup in the sandbox environment to ensure a smooth user experience.

  4. Go live and monitor payments via the Clauda dashboard with real-time insights into transactions and settlements.

Our dedicated support team is available to assist you throughout onboarding and integration.

Why Choose Clauda for Your Payment Infrastructure?

Clauda is committed to delivering scalable, secure, and developer-friendly payment solutions tailored for Nigerian businesses. Our Pay by Transfer NGN product helps merchants optimize payment collection, reduce costs, and accelerate cash flow — all while providing an excellent user experience for their customers.

Conclusion

Clauda Pay by Transfer NGN offers Nigerian businesses a powerful, cost-effective alternative to traditional payment methods. By enabling direct bank transfers that settle quickly and securely into your local bank account, Clauda helps simplify payment acceptance and strengthens your financial operations.