Converting one currency to another is quick, easy, and seamless using Fincra. All you have to do now is ensure that your wallet contains sufficient funds to perform the transaction. Following a successful conversion, the equivalent of the currency you converted to will be settled in your account.

How to convert currencies

To convert one currency to another, the following steps must be taken.

1 - Topup

You can fund your account by making deposits into your account or by requesting a manual top-up. You can create a virtual account to fund your account using our virtual account creation endpoints.


For more details on virtual account creation and funding please read the following sections :

We will send a notification to your webhook URL whenever your account is funded.

  "event": "collection.successful",
  "data": {
    "business": "61602d2950139ad72e619a91",
    "virtualAccount": "61dc08222d2cc64836c5a591",
    "sourceCurrency": "NGN",
    "destinationCurrency": "NGN",
    "sourceAmount": 200000,
    "destinationAmount": 200000,
    "amountReceived": 100,
    "fee": 100,
    "customerName": "Ultimate Global Ventures",
    "settlementDestination": "wallet",
    "status": "successful",
    "initiatedAt": "2022-03-28T07:15:19.402Z",
    "createdAt": "2022-03-28T07:15:19.403Z",
    "updatedAt": "2022-03-28T07:15:19.403Z",
    "reference": "f9121b33-7e15-409e-b588-36c6146d5823"

2 - Generate a quote

For details on how to generate a quote please see the generate quote endpoint . For conversions, the payment destination must always be fliqpay_wallet

    "transactionType": "conversion",
    "feeBearer": "business",
    "business": "{{businessId}}",
    "sourceCurrency": "GHS",
    "destinationCurrency": "USD",
    "amount": "1000",
    "action": "send",
    "paymentDestination": "fliqpay_wallet"
    "success": true,
    "message": "Quote generated successfully",
    "data": {
        "sourceCurrency": "GHS",
        "destinationCurrency": "USD",
        "sourceAmount": 200000,
        "destinationAmount": 500,
        "action": "send",
        "transactionType": "disbursement",
        "fee": 30,
        "initialAmount": 200000,
        "quotedAmount": 500,
        "rate": 0.0025,
        "amountToCharge": 212000,
        "amountToReceive": 500,
        "reference": "336307af-4ab3-4842-ab09-1dee6e5ee6ee",
        "expireAt": "2022-04-02T15:28:05.692Z"

3 - Request conversion

Kindly ensure you fill out all the necessary fields for your payment to be processed. If the wrong payload is sent, the transaction will fail and you will receive a failed response. Please see the conversion API for the required payload that should be sent.

  "business":"{{your business ID}}",
  "quoteReference": "{{the quote reference}}"

4 - Receive and validate webhook notification

Listen for webhook events. We will send a notification to your webhook URL that indicates the status of the conversion. Read our guide on securing and validating the webhook notification on your end.

  "event": "conversion.successful",
  "data": {
    "business": "61aa4e72cc67b6f04d97f874",
    "amountCharged": 450000,
    "amountReceived": 846.45,
    "fee": 8.55,
    "sourceCurrency": "NGN",
    "destinationCurrency": "GBP",
    "rate": 0.0019,
    "settlement": null,
    "status": "successful",
    "createdAt": "2022-02-20T18:53:59.310Z",
    "updatedAt": "2022-02-20T18:53:59.310Z",
    "reference": "883beb04-551b-4114-8ed9-12cb196b67c1"
import crypto from "crypto";

const encryptedData =  crypto
      .createHmac("SHA512", merchantWebhookSecretKey)
const signatureFromWebhook = req.headers['signature'];

if(encryptedData === signatureFromWebhook) {
else {

5 - Verify conversion

It is critical that you confirm the transaction using the reference. Just because the webhook URL was visited doesn't prove that the transaction was successful. In case the webhook notification fails to hit your server, you can confirm the conversion by using the Fetch a conversion endpoint.