Transaction types

The following transaction types are commonly used in on Lipila.

Collection

• This involves gathering or accumulating funds from mobile money in to your Lipila wallet.
• Often used in contexts like payment collection or Deposits.

Disbursement

• This involves the payment or distribution of funds from the lipila wallet in to a clients mobile money Wallet.
• Common in payroll processing or payment processing or Withdraws.

Settlement

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• This involves resolution of payments, Funds that are collected in the lipila wallet are settled in to the bank account of the Merchants choice .
• Often used in payment processing, banking, or financial transactions to transfer funds to a merchant's Bank account.

Allocation

• This involves assigning or distributing funds in to merchant wallet account.
• Used mainly in resource managemengment for merchants doing disbursements only.

Transfer

• Involves moving funds, from one wallet to another.
• Common in moving funds between parties or wallet accounts.