“Can a small Nigerian payment gateway bundle wallets, cards, POS and identity verification into a low-cost embedded finance stack for local SMBs?”
AutoCredit Payment (also branded AutoCredit Finance / MoniCredit) is a small Nigerian fintech founded in 2020 offering a payment gateway, digital banking wallet ('MoniCredit Banking'), bill payments, virtual naira and dollar cards, POS terminals, identity verification and a 'Fintech as a Service' layer. It positions itself as embedded financial infrastructure for Nigerian merchants, competing with Paystack/Flutterwave at the low end.
AutoCredit Payment discloses MoniCredit Banking (self-operated) as its banking provider, according to the Embedded Finance Index 2026.
AutoCredit Payment does not disclose a bank charter of its own; its banking services are provided through MoniCredit Banking (self-operated).
AutoCredit Payment processes payments through AutoCredit Payment Gateway (self-operated) and MoniCredit (self-operated).
AutoCredit Payment's cards run on Visa, Mastercard and Verve.
AutoCredit Payment uses AutoCredit Identity Verification (self-operated) for KYC and identity verification.
The Embedded Finance Index 2026 maps 4 layers in AutoCredit Payment's stack: Payments / PSP (AutoCredit Payment Gateway (self-operated) and MoniCredit (self-operated)); Banking / BaaS (MoniCredit Banking (self-operated)); Card network (Visa, Mastercard and Verve); KYC (AutoCredit Identity Verification (self-operated)).
AutoCredit Payment is founded in 2020 and headquartered in Nigeria.
Get a read on where your own stack stands against AutoCredit Payment and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.