Direct Debit: A guide for lenders and BNPL operators

Compared to cards, Direct Debit offers lenders and BNPL operators, a faster and more secure way to collect repayments. Here's a how Direct Debit works and the benefits of managing your recurring payments with Mono.

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  Martha Obike

  Growth

Standing Order vs Direct Debit: Which is best for your business?

Standing Orders and Direct Debit are both used for recurring payments, but they work differently. This guide explains the key differences, when to use each, and how Mono Direct Debit can help make recurring payments easier.

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  Kome Olomu

  Growth

Cards vs Direct Debit for Recurring Payments

Card and Direct Debit payments are two of the most common ways to accept recurring payments but choosing the right payment method for your business depends on several factors. Here's a detailed breakdown of when you should use cards or Direct Debit for automated, regular payments.

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  Martha Obike

  Growth

Introduction to Direct Debit Mandates

A Direct Debit mandate gives businesses the authorization to collect scheduled payments directly from customers' accounts. Here's a look at how they typically work and how to set up one on a customer's account.

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  Martha Obike

  Growth

What is Direct Debit? A complete guide to Direct Debit payments

Direct Debit is a safer and more convenient method for businesses to collect recurring payments from customers at agreed intervals. This guide will help you to better understand what Direct Debit is exactly, how it works, and why they may be a better payment option for your business.

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  Martha Obike

  Growth

What are Account-to-Account Payments?

The adoption of Account-to-Account payments for online transactions is rapidly increasing. When powered by Open Banking, this payment method offers businesses the ability to provide their users with a more secure, convenient, and faster payment experience. We explore all of these in this article.

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  Martha Obike

  Growth

How BNPL services can build a robust risk assessment process with Mono

Here's how Buy Now Pay Later services can securely and more accurately access better customer financial data points, and scale their credit-decisioning processes with Mono.

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  Martha Obike

  Growth

How Mono is powering seamless lending in Africa with Open Banking

In this article, we explore the challenges that digital lenders face in Africa and how Mono’s infrastructure can help them solve these problems and scale their lending processes.

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  Martha Obike

  Growth

CBN's Open Banking regulation and what it means for you

The Central Bank of Nigeria (CBN) published the final regulatory framework and operational guidelines for Open Banking in Nigeria. We break down what this means, and how everyday consumers and industry players can benefit from innovation in Open Banking

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  Jennifer Onwudiwe

  Growth

Open Banking and Open Finance

Open Finance, a next step in the Open Banking principle, is one where users can leverage their financial data footprints (from insurance and mortgages to pensions and investments) to access more innovative and personalized financial services. Open Finance benefits both users and businesses. We break it all down in this article.

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  Martha Obike

  Growth