NEWIntroducing the new Mono Dashboard

Recover loans across all customer accounts

Global Standing Mandate lets your borrowers authorize automatic debits across every bank account linked to their BVN, not just one!

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Get to know about Global Standing Mandate

Maximum repayment collection coverage

Access every account automatically with one authorization, and avoid chasing payments across scattered funds

Get complete account visibility

See all BVN-linked accounts upfront during repayment setup and seamlessly collect from backup accounts.

Ensure faster collections

Don't wait for borrowers to manually transfer funds to their primary account. Debit from any account with available balance for immediate recovery.

Reduce write-offs dramatically

Recover loans that would otherwise default. Multiple account access means you get paid even when borrowers move money between accounts to avoid repayment.

Making bank to bank payments

Experience the user journey

Set up a single mandate that covers all customer accounts with your borrower’s consent, then let our system handle intelligent fund recovery.

See a demo

Product benefits

Why smart lenders trust 
Global Standing Mandate

We’ve built comprehensive API endpoints to retrieve financial data from your customers’ bank accounts

Intelligent fund routing

Identify which accounts have sufficient funds and debits in priority order. Get paid faster without manual account monitoring or borrower chasing.

Higher recovery rates

Stop losing money to empty primary accounts. Automatically debit from any of your borrower's linked accounts when funds are available.

Improve borrower experience

No embarrassing declined debits or repeated collection attempts. Seamless payment from available funds maintains good borrower relationships.

Testimonials

From businesses using Global Standing Mandate

We can trust Mono over 90% of the time which is better than our previous provider. This ease & reliability are our favourite things about Mono.
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Barima Effah-Adjei

CEO, Float

Migrating to Mono was seamless... Mono's customer support efforts have helped us to create a much better UX for our users.
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Peter Olusesan

CEO, Inflow

What Global Standing Mandate offers

What’s in Global Standing Mandate

Start collecting direct bank payments with developer-friendly APIs

Global Standing Mandate API

Full programmatic control over mandate initiation, BVN account discovery, and debit execution. Integrate directly into your loan management system.

BVN account discovery

Automatically identify all bank accounts linked to customer BVN. Get complete visibility into users’ existing banking accounts before setting up mandates.

Priority-based debits

Set debit priority across accounts. Try primary account first, then systematically attempt backup accounts based on your collection strategy.

How your business can build with Mono Direct debit

Perfect for every lending scenario

Mono is the open banking platform for the fastest-growing businesses in Africa.

Personal Loans

Secure repayment across all borrower accounts for salary loans, personal advances, and consumer credit, where borrowers have multiple bank accounts.

FlutterwaveSterling

SME/Business Loans

Cover both business and personal accounts of business owners. Global Standing Mandate ensures repayment regardless of which account receives business income.

FlutterwaveSterling

Asset Financing

Secure high-value loans with comprehensive account coverage. Reduce default risk on auto loans, equipment financing, and other asset-backed lending.

FlutterwaveSterling

More ways to use Global Standing Mandate

Other ways to collect loan repayments

Secure and innovative payment methods all powered by Open Banking

Direct Debit

Your customers authenticate with Mono before payment is approved, reducing fraud risk and increasing transaction success rates.

Learn more

Direct Debit Pages

Your customers authenticate with Mono before payment is approved, reducing fraud risk and increasing transaction success rates.

Learn more

Integrating Global Standing Mandate

Getting started with Global Standing Mandate

Get access to developer and business-friendly APIs that ensure comprehensive loan repayment collection.

Powerful APIs and easy-to-use resources
Plug-and-play SDKs
Beautiful, seamless UX
Always-on, Slack support

Solving Problems

Build with best-in-class Open Banking APIs

Create an account

Connect to millions of customers across Africa:over 10+ million users have connected a financial account.

Meet your customers where they are:Connect across multiple institutions with access to over 50+ bank connections

Maintain data privacy with Open Banking standards:all connections are user permission-based only.

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Contact us

Ready to improve loan recovery?

Let's talk about how Mono’s Global Standing Mandate can improve your repayment collections.

Blog posts regarding Global Standing Mandate

Learn more about Global Standing Mandate

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Direct Debit

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

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Prove

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

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Mandate

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

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FAQs

Answers to questions you might have about Mono Global Standing Mandate

Start building with Mono today

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