specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: Kora
providerId: korapay
created: '2026-07-12'
modified: '2026-07-12'
reconciled: false
tags:
- Payments
- Payment Gateway
- Africa
- Nigeria
- Fintech
- FinOps
- Cost Management
- FOCUS
description: >-
  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.
notes: >-
  Per-transaction rates are NOT reconciled here and change over time and by
  market; several fees are disclosed only on request. Verify current pricing on
  korahq.com and support.korapay.com, or with your Kora account manager, during
  reconciliation. The merchant_bears_cost flag on charges and payouts determines
  whether the fee is deducted from the merchant or the customer.
sources:
- https://www.korahq.com/
- https://developers.korapay.com/docs/getting-started
- https://support.korapay.com/hc/en-us/articles/33567660971410-Card-Payments
- https://focus.finops.org/focus-specification/v1-3/
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: Kora
serviceCategory: Payments and Financial Services
billingModel:
  pricingCategory: Usage-Based
  billingFrequency: Per-Transaction
  billingCurrency: NGN
  chargeCategories:
  - Usage
  - Adjustment
focusColumns:
  ServiceName: Kora Payments
  ServiceCategory: Payments and Financial Services
  ProviderName: Kora
  PublisherName: Kora
  InvoiceIssuerName: Kora
  BillingCurrency: NGN
  ChargeCategory: Usage
  PricingCategory: Usage-Based
meters:
- name: payin_card
  description: Card pay-ins, billed as a percentage per transaction (indicatively ~1.5% for local NGN cards; international cards higher).
  unit: transactions
  aggregation: sum
  dimensions:
  - account
  - currency
  - card_scheme
- name: payin_bank_transfer
  description: Bank transfer / virtual bank account pay-ins, billed per transaction.
  unit: transactions
  aggregation: sum
  dimensions:
  - account
  - currency
- name: payin_mobile_money
  description: Mobile money pay-ins, billed per transaction by market.
  unit: transactions
  aggregation: sum
  dimensions:
  - account
  - currency
  - operator
- name: payout_transfer
  description: Payouts / disbursements to bank accounts and mobile money, billed as a flat fee per transfer by tier and destination.
  unit: transactions
  aggregation: sum
  dimensions:
  - account
  - currency
  - destination_type
- name: currency_conversion
  description: Multi-currency conversions, priced via the applied exchange-rate spread.
  unit: transactions
  aggregation: sum
  dimensions:
  - account
  - currency_pair
principles:
- name: Visibility
  description: Reconcile transaction fees from the Kora dashboard and webhooks; track fee per product, channel, currency, and market.
- name: Allocation
  description: Tag transactions with unique references/metadata per workload, customer, or team to map processing fees to internal cost centers.
- name: Optimization
  description: Route pay-ins to lower-cost channels where possible (for example bank transfer / virtual accounts vs card); batch disbursements via bulk payouts; use merchant_bears_cost deliberately; negotiate volume pricing at scale.
- name: Accountability
  description: Assign owners per product line; review monthly processing spend and effective take-rate against budget and against negotiated rates.
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com