Q: Flow of Funds

Step 1: Fund Your Plumter Wallet: Fund your business wallet with naira. Step 2: Swap Your Currency: Swap your naira to save your preferred rates. **Step 3: **Create a Payment Ticket: Create a payment ticket successfully by providing payment details and proper beneficiary details. Step 4: Compliance Verification: Plumter will verify the provided details and ensure compliance with regulatory requirements. Step 5: Transfer to Beneficiary: Plumter will execute the fund transfer to the beneficiary. Step 6: Confirmation and Tracking: Plumter will provide confirmation of the fund transfer to both the importer and the supplier. Also, a tracking number will be provided on the receipt to ensure transparency and visibility of the payment process.

Question 1

Plumter's Settlement Countries

Accepted Answer

Algeria
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belgium
Belize
Benin
Bhuta
Bolivia
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Côte d'Ivoire
Cabo Verde
Cambodia
Cameroon
Canada
Chad
Chile
China
Colombia
Comoros
Costa Rica
Croatia
Cyprus
Czechia (Czech Republic)
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Estonia
Eswatini (fmr. "Swaziland")
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guyana
Holy See
Honduras
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
Laos
Latvia
Lesotho
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Maldives
Malta
Marshall Islands
Mauritania
Mexico
Micronesia
Moldova
Monaco
Mongolia
Morocco
Namibia
Nauru
Nepal
Netherlands
New Zealand
Nicaragua
Niger
North Macedonia
Norway
Palau
Panama
Papua New Guinea
*

Question 2

Why Do I Need to Submit My Directors BVN?

Accepted Answer

BVN is required by all banks and financial institutions by CBN before an account can be opened, so we need your BVN for this purpose. Basically, Plumter will provide you with an account number for funding purposes. Also, the information helps us confirm your directors identity and approve your business as fast as possible. We use your details only for identity verification purposes and we do not share your details with any external parties.

Question 3

Plumter's Prohibited Countries

Accepted Answer

Afghanistan
Balkans
Belarus
Burma (Myanmar)
Central African Republic
Cuba
Ethiopia
Iran
Iraq
Lebanon
Libya
Mali
Mauritius
Nigeria
North Korea
Oman
Pakistan
Palestine state
Republic of Congo
Russia
Somalia
South Sudan
Sudan
Syria
Ukraine(Crimea, Donetsk, Zaporizhzhia, Kherson and Luhansk)
Venezuela,
Yemen
Zimbabwe

Question 4

About Plumter

Accepted Answer

Plumter is a fintech company that processes B2B cross-border payments. We are a simple, robust and compliant way to pay your business partners in global currency swiftly and safely.

At Plumter, we allow importers submit their payment details and initiate cross-border transactions securely and with ease. Our technology streamlines this process by automating the necessary KYC documentation, compliance, and foreign exchange calculations, ensuring efficient and accurate payments.

Question 5

What Currencies Does Plumter Support?

Accepted Answer

Plumter supports over 120 global currencies, allowing you to make payments in the currency of your choice. Our app handles the necessary foreign exchange calculations seamlessly.

USD
CNY
INR
AED
EUR
UGX
XOF
ZAR
KES
GHS
GBP
CAD
AUD
JPY
CHF
BSD
BDT
BBD
BWP
DZD
AOA
ARS
AMD
ALL
ZAR
KES
AWG
AZN
XCD
BSD
BHD
BDT
BBD
BYN
BZD
BMD
BTN
BOB
BAM
BWP
BRL
BND
BGN
MMK
BIF
KHR
CVE
KYD
XAF
CLP
COP
KMF
NZD
CRC
HRK
ANG
CZK
DKK
DJF
DOP
EGP
BTC
ERN
ETB
FKP
FJD
GMD
GEL
GIP
GTQ
GNF
GYD
HTG
HNL
HKD
HUF
ISK
ILS
JMD
JPY
JOD
KZT
KWD
KGS
LAK
LBP
LRD
LYD
MOP
MKD
MGA
MWK
MYR
MVR
MXN
MDL
MNT
MAD
MZN
NAD
NPR
NAF
NIO
NGN
NOK
OMR
PAB
PGK
PYG
PEN
PHP
PLN
QAR
RON
RWF
SHP
WST
STN
SAR
RSD
SCR
SLL
SGD
SBD
SOS
KRW
SSP
LKR
SDG
SRD
SZL
SEK
SYP
TWD
TJS
TZS
THB
TOP
TTD
TND
TRY
TMT
UGX
UAH
UYU
UZS
VUV
VED
VND
XPF
YER
ZMW
ZWL

Question 6

Flow of Funds

Accepted Answer

Step 1: Fund Your Plumter Wallet: Fund your business wallet with naira.

Step 2: Swap Your Currency: Swap your naira to save your preferred rates.

**Step 3: **Create a Payment Ticket: Create a payment ticket successfully by providing payment details and proper beneficiary details.

Step 4: Compliance Verification: Plumter will verify the provided details and ensure compliance with regulatory requirements.

Step 5: Transfer to Beneficiary: Plumter will execute the fund transfer to the beneficiary.

Step 6: Confirmation and Tracking: Plumter will provide confirmation of the fund transfer to both the importer and the supplier. Also, a tracking number will be provided on the receipt to ensure transparency and visibility of the payment process.

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