Monnify Wallets API is an infrastructure service designed to empower businesses with the capabilities to create and manage digital wallets for their operations and customer service needs. The functionalities provided include wallet creation, retrieval, top-up, disbursement, and balance checking.
The Monnify Wallets API allows you to carry out the following key functionalities for your customers:
Check Balance:Retrieve the current balance of a wallet, providing real-time financial information for accurate transaction management.
The Monnify Wallets API serves various use cases across industries. Here are a few examples:
Embedded Wallets for Financial Applications: FinTech businesses can integrate Monnify Wallets into their applications, leveraging the API capabilities to offer wallet services to their customers. This is especially beneficial for budgeting tools, personal finance management apps, and investment platforms, reducing development time and effort.
Expense Wallets for Other Business Platforms: Monnify Wallets can be integrated into different commercial platforms, allowing users to own a wallet and pre-fund it for spending on the respective platforms. This integration enables businesses to manage ledger systems for each customer, track incoming payments, and maintain transaction history. Examples include ride-hailing applications and restaurants.