For CBN-Licensed Banks & PSSPs
Earn passive revenue from Nigeria's eNaira merchant ecosystem.
Partner with KREO as a Sponsor Financial Institution. Provide NIP settlement infrastructure, receive a share of MDR revenue on every merchant transaction, and become the banking backbone of Nigeria's eNaira economy.
Your Projected Revenue
72 Million
Year 1 annual MDR share (20% of net MDR on settled transactions)
720M
Year 2
15M+
NIP fees/mo
T+1
Reconciliation
Based on 50,000 merchants × 5Bn monthly GTV. See full model →
What you provide
- Letter of Introduction to NIBSS (iGree, NIP, NQR)
- Letter of Sponsorship to CBN for eNaira API access
- NIP Outward API access (5,000+ transfers per window)
- NIBSS Name Enquiry API (NUBAN validation at onboarding)
- Dedicated merchant settlement current account
What you receive
- 20% of net MDR revenue on all settled transactions
- NIP Outward transaction fees on all daily settlement sweeps
- First-mover position in Nigeria's eNaira merchant banking
- Daily T+1 reconciliation report and compliance summary
- SME merchant data insights for credit product design