Governance Standard
MAN-STD-PAY-001
Draft

Payment Progression Standard

Establishes the governance conditions under which a transaction may progress through MANIDASO-supported payment stages.

Document standing

Authority and Standing

These Platform Standards are issued by MANIDASO LTD as the operator and governing authority of the MANIDASO Trade Governance Platform. Each published Platform Standard forms part of the official MANIDASO Platform Standards Register and establishes the governance requirements applicable within its defined scope. Unless expressly stated otherwise, the current published version constitutes the sole authoritative version of the standard.

CURRENT OPERATING POSITION

How this standard currently applies

MANIDASO Pay governs payment progression through approved providers and does not itself operate as an unauthorised deposit-taking or escrow service.

IMPLEMENTATION STATUS
Under review
DELIVERY MODEL
Provider-supported
CURRENT PLATFORM COVERAGE

Applies where MANIDASO Pay is enabled and payment progression is supported through approved third-party payment providers.

OPERATING LIMITATIONS

Execution, settlement, safeguarding and availability of funds remain subject to the relevant regulated payment provider and banking infrastructure.

CURRENT APPLICATION

This standard is applied to activity conducted through official MANIDASO services and recorded platform processes, subject to the relevant service, route, provider and transaction conditions.

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Publication and control record

This record identifies the current version, publication status, ownership, approval and implementation position of this standard.

STANDARD REFERENCE
MAN-STD-PAY-001
DOCUMENT TITLE
Payment Progression Standard
DOCUMENT CLASS
Governance Standard
DOCUMENT STANDING
Draft Standard
VERSION
1.0
PUBLICATION STATUS
Draft
EFFECTIVE DATE
13 August 2026
LAST UPDATED
13 August 2026
DOCUMENT OWNER
MANIDASO Platform Governance
APPROVAL AUTHORITY
MANIDASO Platform Governance
Approval Date
13 August 2026
01

Purpose of this standard

To ensure payment progression occurs only when applicable transaction, participant and provider conditions have been satisfied.

02

Scope

This section defines the operational boundaries, platform components, routes and markets to which this standard applies.

Operational Scope

This standard applies to payment stages recorded, coordinated or governed through MANIDASO-supported transaction workflows.

Applicable Markets
United Kingdom
Ghana
03

Principles

The principles governing the interpretation, application and operation of this standard.

No items found.
04

Definitions

Terms used within this standard that require a defined meaning for consistent interpretation and application.

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05

Standard requirements

Mandatory and conditional requirements established under this standard.

No items found.
06

Control framework

Control activities supporting the implementation, monitoring and assurance of this standard.

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Related requirements
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07

Responsibilities and accountability

Roles, responsibilities and authorities relevant to the implementation, operation and oversight of this standard.

No items found.
08

Evidence and records

Evidence and records required to demonstrate implementation, compliance and effective operation of this standard.

No items found.
09

Exceptions and approved departures

Any departure from this standard must be identified, assessed, authorised and recorded in accordance with the applicable governance process.

Non-standard payment progression requires documented authority and must remain within the permitted capabilities of the relevant payment provider.

Exception authority
MANIDASO Platform Governance
Approval requirement
Prior approval is required for any material departure unless immediate protective action is necessary; any retrospective approval must be documented promptly.
 Recording requirement
Record the exception, rationale, affected requirement, approver, conditions, duration and outcome in the applicable governance record or Trust File.
Review requirement
Review the exception before expiry, when circumstances materially change, or sooner where required by risk, law, provider conditions or governance direction.
10

Compliance and non-compliance

Compliance with this standard is required within its defined scope. Identified non-compliance must be assessed, recorded and addressed through the applicable governance process.

Payment activity inconsistent with the approved transaction state must be stopped, corrected or escalated.

Escalation framework

Escalation stages apply where non-compliance is material, repeated, unresolved or otherwise requires governance intervention.

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13

External references and authorities

External legislation, regulatory guidance, recognised standards and other authoritative sources relevant to this standard.

Reference register
References are provided for context and should be read in their current authoritative form.
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14

Revision history

A chronological record of revisions, amendments and publication updates to this standard.

No items found.
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Questions and enquiries

Questions relating to the interpretation, application or implementation of this standard should be submitted through the official MANIDASO governance contact channels.