Regulatory disclosure
Rainpay is operated by RAINPAYTECH LTD (RC 9895163), a financial technology company. RAINPAYTECH LTD is not a bank and does not hold a banking licence.
Banking, payment and deposit services referenced on this website are provided by licensed financial institutions and licensed payment service providers regulated by the Central Bank of Nigeria. Rainpay currently operates in partnership with Beamer Microfinance Bank (a CBN-licensed microfinance bank), Platnova (a licensed payment service provider registered with FinTRAC and FinCEN and holding an FMLL licence) and Red Biller Technologies (a licensed International Money Transfer Operator). Customer funds are held with our licensed partner institution and are not held by Rainpay.
Deposits held with a CBN-licensed deposit-taking partner are insured by the Nigeria Deposit Insurance Corporation (NDIC) to the applicable statutory limit, subject to NDIC rules. All services are provided in Nigerian Naira and are subject to Rainpay's Terms of Service, Privacy Policy and applicable customer identification (KYC/AML) requirements, including BVN and NIN verification. Nothing on this website constitutes financial or investment advice, and no service is offered where it would be unlawful to do so.
Partner arrangements may change. Rainpay will publish any change to its licensed partners on this website.
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