In Africa’s fast-paced fintech ecosystem, payment systems meant to facilitate the growth of businesses often become their biggest bottlenecks. A thirty-minute outage, for instance, is not just a technical glitch, but a breach of customer trust and a logistical nightmare for finance teams.
Most payment providers are built for the average user. However, when a business processes thousands of transactions daily, the average infrastructure fails. Platnova Business is built to step in, shifting the narrative from basic payment to scalable infrastructure.
The invisible ceiling of traditional payments
The struggle many large corporations and fintechs have with existing providers is the limited transaction volumes during peak periods to protect their own systems. In addition, the rigid settlement schedules that trap liquidity and fragmented tools that force teams to jump between different dashboards for collections and payouts further contribute to the challenges large corporations, SMEs, and fintech firms face.
The result is a “patchwork” system. Developers spend more time fixing broken APIs than building new features, and finance teams lose hours to manual reconciliation because automated systems cannot keep up with the scale. Platnova Business was built specifically to dismantle these barriers, offering a platform where high volume is the expectation, not the exception.
Engineering reliability with NGN virtual accounts
At the core of the Platnova solution is its NGN Virtual Account system. Platnova allows businesses to provide up to five virtual accounts per customer. These accounts are designed for automated reconciliation, allowing businesses to track ₦10 billion in transactions as easily as they would track ₦10,000.
Flexibility and transparent pricing for scale
Platnova Business provides custom settlement schedules, allowing businesses to decide when and how they receive their money—daily, multiple times a day, or on a fully tailored timeline.
By removing the unnecessary holding of funds, businesses gain better liquidity management, which extends to payouts as well. Whether it is bulk disbursements for a payroll platform or frequent transfers for a gaming site, Platnova’s API ensures that NGN transfers are fast, reliable, and optimised for operational efficiency.
Also, Platnova has a competitive, clear-cut pricing model. Standard collections are charged at 1% plus ₦100, capped at ₦5,000. Payouts are streamlined at a flat rate of ₦107.50 (including VAT).
However, for high-volume players processing over 2,000 transactions daily, Platnova offers a dedicated high-volume pricing tier, including a flat fee of ₦500 per transaction on collections, a move designed to significantly reduce overheads as a business scales into the billions.
More than an API: A payment partner
Platnova assigns a dedicated integration specialist during onboarding, followed by a dedicated account manager to handle ongoing relationship needs. It is a human-centric approach to a technical product, demonstrated in Platnova’s capacity by helping a single business process over billions of transactions within months. If the infrastructure can handle that intensity without breaking, it can handle the needs of any ambitious enterprise looking to scale globally.
Stop patching broken systems. It is time to build on infrastructure that actually works. Try the Platnova business app today by visiting www.platnova.com/business or downloading the app on the iOS and Android stores.
