Africa · XOF · 3 routes

Payouts to Benin

Route catalog · BJ

Choose a payout method

Supported currencies

XOF

Cutoff & delivery timing

T+2 processing subject to cutoff of 7:30 UTC

Scroll horizontally to compare supported modes

Transaction limit per end-user	B2B	B2P	P2P	P2B
Max	No limit	No limit	No limit	No limit
Min	Not specified	Not specified	Not specified	Not specified

Route details

Select a supported mode

Beneficiary statement narrative

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

Network participant

Bank

Channels

All major banks enabled with SWIFT

Routing code

SWIFT

Proof of payment

pacs.008 can be considered as a proof of payment and can be provided on request

Notes

For WIRES, NIUM supports transactions with SHA Fee Type

Mandatory data requirements

Remitter

Remitter Account Type
Remitter Identification Type
Remitter Identification Number
Remitter Address
Remitter Country code
Remit Purpose Code

Beneficiary

Beneficiary Name
Beneficiary Account Number
Beneficiary Account Type
Beneficiary Country Code
Beneficiary Address
Beneficiary City
Beneficiary Postcode

Routing

Routing Code Type 1 - SWIFT
Routing Code Value 1

Other

Destination Amount

Supporting documents

Remitter Beneficiary Relationship
Nature of Business
Duration of Contract
Commercial Agreement
Current Invoice

Beneficiary account type

CORPORATE

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