Business verification
Use a guided KYB process appropriate to the company, authorized persons, ownership structure and payment purpose.
Business payments to Nigeria
Manage verified business payments to Nigeria with clearer NGN payout records.
Elephant FX supports eligible verified businesses that need to review beneficiaries, submit Nigeria-focused payment instructions, track order status and retain transaction evidence.
What you can do
Beneficiary review
Review the Nigerian beneficiary, bank account, amount and payment purpose before confirming an instruction.
Order and receipt records
Track each eligible order and retain available payment references and receipts after completion.
How it works
STEP 1
Describe the payment use case
Share the expected currencies, payment purpose, beneficiary type and anticipated transaction pattern with the onboarding team.
STEP 2
Complete KYB review
Provide the company and authorized-person documents required for eligibility and compliance review.
STEP 3
Confirm and track each order
Review the applicable rate, fee, limit and beneficiary details before execution, then follow the order status in the portal.
Frequently asked questions
Which businesses can use this service?
Availability depends on the business profile, completed KYB, payment purpose, supported corridors, transaction review, banking partners and applicable Nigerian requirements.
What company documents are required?
Requirements vary by entity and use case. They may include incorporation, ownership, authorized-person, address, tax and payment-purpose information. The onboarding team confirms the applicable list.
Are public exchange rates and processing times guaranteed?
No. Public rates are references only, and processing time varies with verification, review, banking availability, network conditions and service limits. Confirm the final order details in the verified portal.
Compliance Notice
Secure and reviewable transactions
Elephant FX applies account verification, transaction monitoring, secure payout controls, and audit records to support responsible Nigeria-focused inbound money transfer and payout services.