Overview
Bani is a comprehensive payment platform that enables businesses to collect and reconcile payments easily across Africa. The platform serves as a foundation for seamless payments through expert technology and dedicated partnerships, operating across 16 African countries, including Nigeria, Ghana, Kenya, Uganda, and Tanzania.
Bani targets various sectors, including fintech, e-commerce, healthcare, restaurants, travel agencies, and digital creators, making it suitable for businesses of all sizes looking to expand their payment capabilities across the African continent. The platform focuses on providing reliable processing with instant transaction alerts and comprehensive reconciliation features.
Key Features
Multi-Collection Channels
Access to local payment channels across Africa with customer payment flexibility
Fast Processing
Direct bank integration ensuring bank-grade security and faster transaction confirmations
Easy Tracking & Reconciliation
Accurate transaction verification without disrupting real-time operations
Instant Settlement Flexibility
Choice between scheduled or immediate settlements with anytime transaction completion
Cloud-Based API
Customizable experiences for online and in-store payment collections
Mobile App Integration
Instant scan-to-pay and payment confirmation through Bani Shopper app
Pros & Cons
Advantages
- Wide African market coverage (16 countries)
- Multi-channel payment acceptance
- Instant settlement options
- Bank-grade security integration
- No hidden fees or chargebacks
Limitations
- Limited app store rating (2.7/5 stars)
- User complaints about withdrawal issues
- Limited transparency on the exact fee structure
- Relatively new platform with limited reviews
- French language support was only recently added
Security Features
Bank Integration: Direct integration with banks, ensuring bank-grade security
Data Protection: The platform collects financial info, contact info, and identifiers linked to the user's identity
Privacy Compliance: Maintains a privacy policy outlining data handling practices
Transaction Security: Instant payment notifications and confirmations reduce fraud risk
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Local Transactions | 0.5% - 2.5%* | Standard processing fees for domestic payments |
| International Transactions | 2.0% - 3.5%* | Cross-border payment processing |
| Settlement Fees | Free - 0.5%* | Depends on settlement speed preference |
| API Integration | Free | Cloud-based API access |
| Mobile App | Free | The Bani Shopper app is available at no cost |
Getting Started
Detailed Ratings
Final Verdict
Bani offers a promising payment infrastructure for African businesses seeking multi-country coverage and instant processing capabilities. However, user concerns about withdrawal issues and limited transparency around pricing require careful consideration.