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POST
Initiates a redemption: cNGN is burned and the equivalent Naira is paid out to the specified bank account.
Requires the Redeem permission. The request body must be encrypted. Verify the destination account first with Verify Account Details.

Body parameters (plain payload, pre-encryption)

number
required
Amount of cNGN to redeem. Minimum 1.
string
required
CBN bank code of the destination bank, from Get Banks.
string
required
10-digit destination account number.
boolean
Save these bank details for future redemptions.

Response (decrypted data)

string
Redemption transaction reference. Track it via Get Transactions.
string
The deposit address associated with the redemption.