Kora · FinOps Profile

Korapay Finops

FinOps view of Kora spend. Kora is a payments processor, so cost is transaction-based rather than a subscription or per-API-call fee: you pay a percentage and/or flat fee per pay-in (card, bank transfer, mobile money, pay-with-bank), per payout/disbursement (single, bulk, remittance), and on currency conversions, plus any card-issuing and identity/verification usage. Fees vary by product, channel, currency, and market, and can be borne by the merchant or passed to the customer via the merchant_bears_cost flag. Test mode is free. Publicly referenced figures include local Nigerian card processing around 1.5% per transaction, with international cards higher and payout fees charged as flat per-transfer amounts by tier - but these are indicative only.

Korapay Finops is the FinOps profile for Kora on the APIs.io network, aligned with the FinOps Foundation Framework.

It defines 5 billable meters, billed in NGN, on a per-transaction cycle, and pricing category usage-based.

The profile maps 8 FOCUS columns for cost-allocation reporting.

Tagged areas include Payments, Payment Gateway, Africa, Nigeria, and Fintech.

Category: Payments and Financial Services Pricing: Usage-Based Billing: Per-Transaction FOCUS v1.3
PaymentsPayment GatewayAfricaNigeriaFintechFinOpsCost ManagementFOCUS

Framework Alignment

Framework
FinOps Foundation Framework
Data Spec
FOCUS v1.3

Charge Categories

UsageAdjustment

FOCUS Columns

BillingCurrency
NGN
ChargeCategory
Usage
InvoiceIssuerName
Kora
PricingCategory
Usage-Based
ProviderName
Kora
PublisherName
Kora
ServiceCategory
Payments and Financial Services
ServiceName
Kora Payments

Meters

payin_card
Unit: transactions
Card pay-ins, billed as a percentage per transaction (indicatively ~1.5% for local NGN cards; international cards higher).
payin_bank_transfer
Unit: transactions
Bank transfer / virtual bank account pay-ins, billed per transaction.
payin_mobile_money
Unit: transactions
Mobile money pay-ins, billed per transaction by market.
payout_transfer
Unit: transactions
Payouts / disbursements to bank accounts and mobile money, billed as a flat fee per transfer by tier and destination.
currency_conversion
Unit: transactions
Multi-currency conversions, priced via the applied exchange-rate spread.

Sources