- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- ZAR
- Network Participant
- Partner
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All major banks in South Africa (list available)
- Cutoff & delivery timing
-
Same day delivery subject to cutoff 2:30 PM Local time
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remit Purpose Code Beneficiary Name Beneficiary Country Code Beneficiary Email Remitter Account Type Remitter Identification Number Remitter Country Code Beneficiary Account Type Beneficiary Account Number Beneficiary Bank Code Beneficiary Contact Number
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Visibility of Statement Narration is missing.
- Proof of Payment
-
Proof of payment can be provided upon request.
- Notes
-
If notified the beneficiary needs to sign a mandate within seven working days. Phone number should be in E164 format. Universal Bank Code for the beneficiary bank should be provided as it allows to make payouts to all the branches of the respective banks To check the supported banks, please use the API given on the link: https://docs.nium.com/apis/reference/searchroutingcodeusingbankname or get in touch with your respective AM.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | ZAR 0.01 | ZAR 0.01 | ZAR 15 | ZAR 0.01 |
| Max | No limit | No limit | ZAR 100,000 | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- ZAR
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All major banks enabled with SWIFT
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 7:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country code Remit Purpose Code Beneficiary Name Beneficiary Account Number Beneficiary Account Type Beneficiary Country Code Beneficiary Address Beneficiary City Beneficiary Postcode Routing Code Type 1 - SWIFT CODE Routing Code Value Beneficiary Bank Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
For WIRES, NIUM supports transactions with SHA Fee Type. Senders must sender either a swift code or beneficiary bank code
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | ZAR 100,000 | ZAR 100,000 | ZAR 100,000 | ZAR 100,000 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address (Recommended) Beneficiary City (Recommended) Beneficiary Postcode (Recommended) Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |