The Customer Reserved APIs are really easy to implement. To get up and running, all you really have to do is implement the following endpoints:
- Authenticate
- Reserving An Account
- Add a Linked Account
- Update BVN for a Reserve Account
- Webhook URL
- Get transaction Status
- Getting all transactions on a reserved account
- Deallocating a reserved account
Integration Credentials
Specially Regulated Business Categories
The following business categories are specially regulated on monnify with BVN restrictions for reserved accounts.
i. Cryptocurrency
ii. Digital Banking
iii. Microfinance Bank
iv. Savings and Investment
v. Super Agent/ MMOs
BVN Restriction - This allows you to specify the BVN(s) of the individual(s) permitted to successfully make a payment to a virtual account they are assigned to. (i.e. If Mr. Olu Musa Emeka is issued a virtual account by XYZ Limited, his BVN is mapped to the assigned virtual account, and transactions from accounts without the same BVN would be rejected and automatically reversed to sender.
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