Transactions are classified into credits and debits and all transactions are processed via users' wallets.

  • Credit transactions are transactions deposited into a user’s wallet such as;

    • Loan disbursement

    • Card activation

    • Wallet funding

  • Debit transactions are transactions deducted from the user’s wallet such as;

    • Bank transfers

    • Loan repayment


Transaction statuses

There are four transaction statuses and each has a unique color code indicating its status. You can easily tell the status of a transaction by the color code shown. 

Transaction Status

Description

Color Code

SUCCESSFUL 

This means the transaction has been processed successfully

Green

PENDING

This means the transaction is neither failed nor successful, the exact status is yet to be determined. Typically, the exact status is updated within a few hours

Yellow

FAILED  

This means the transaction failed i.e. funds were not debited from the originating account/wallet. If funds were debited, then there would be a reversal.

Red

revrsed  

This means the transaction was reversed to the originating account/wallet

Grey

ABANDONED 

This means the transaction was initiated by the user but was not completed

Grey