CoralPay Technology (Nig) Limited
“Can a Nigerian-licensed switch and non-bank acquirer become the default embedded payments rail for West African merchants, banks, and telcos?”
Founded2004
HQLagos, Nigeria
IndustryInfrastructure / Payments
The story
CoralPay is a Nigerian payments infrastructure company founded in 2004, operating as a CBN-licensed PSSP, non-bank acquirer, and switching company. Over time it has evolved from a pure switch/processor into a multi-channel payment platform offering a payment gateway, USSD payments (C'Gate), NQR, DigiPOS, billers aggregation, and pay-with-bank-transfer — positioning itself as a domestic Nigerian/West Africa infrastructure layer rather than a consumer-facing fintech.
Last 12 months
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Product timeline
2004
CoralPay founded in Lagos as a payments company· pivot
2021
In talks with MTN, 9Telecom, Globalcom to extend mobile phone insurance payments (AXA Mansard) beyond Airtel· banking
Regulated entities
4
regulatory licences held by CoralPay Technology (Nig) Limited
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in CoralPay Technology (Nig) Limited’s embedded-finance stack
Payments / PSP
CoralPay Payment Gateway (self-operated)CoralPay Switching & Processing (self-operated)C'Gate USSD (self-operated)NQR (self-operated)DigiPOS (self-operated)Pay With Bank Transfer / BankLink (self-operated)Payment Link (self-operated)CoralPay Instant Payment (self-operated)
Card network
in the full report
Insurance
in the full report
Accounting gap: none
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.