Virtual accounts let you receive payments directly into your business.

How to create a virtual account

1. Open the app and go to Business > Virtual Accounts.
2. Tap Create New.
3. Choose a currency:

• NGN: Nigerian Naira
• USD: US Dollar (for international payments)

1. Select a bank partner.
2. Enter a name for the account (e.g., "Sales", "North Region").
3. Tap Create.

The account number is generated instantly.

What you can do with virtual accounts

• Receive payments from any Nigerian bank
• Share the account number with customers
• Track payments by account
• Segregate funds for different purposes

Features

• Instant creation — no paperwork required
• Multiple accounts — create as many as you need
• Real-time notifications — get alerted when money arrives
• Easy reconciliation — track which customer paid

Tip: Create separate virtual accounts for different products, services, or regions.

Need a hand? Email hello@cashmatrix.ng.