Virtual Account

    PAYMENT

    A unique bank account number issued to a user or transaction for the sole purpose of receiving funds that are then routed to a master account.

    See also

    Bank Transfer

    An electronic movement of funds from one Nigerian bank account to another, typically via NIBSS Instant Payment.

    Wallet

    A user balance held on the BERLVIS SPACES platform that can receive payments, hold escrow, and be withdrawn to a verified bank account.