Supercharge Your Financial Services with Watu API

Supercharge Your Financial Services With Watu API

Housing

February 12, 2024

In the rapidly evolving world of financial technology, staying ahead of the curve is crucial. Whether you’re a startup or an established enterprise, Watu API offers a suite of robust, flexible, and user-friendly solutions designed to meet your financial service needs. From launching a complete banking platform to facilitating seamless transactions, Watu API provides everything you need to enhance your financial operations. Let’s dive into the key features of our comprehensive API suite.

1. Fintech-as-a-Service (FaaS)

Quickly launch your own no-code financial platform with our technology and straightforward approach.

Our Fintech-as-a-Service (FaaS) solution enables you to create a full-fledged web and mobile banking app with ease. No coding expertise is required, making it accessible for businesses of all sizes. With FaaS, you can offer your customers a comprehensive banking experience that includes secure transactions, account management, and more.

2. Wallet-as-a-Service (WaaS): Provide your users with a secure and user-friendly digital wallet, simplifying financial asset management and facilitating seamless transactions.

Our Wallet-as-a-Service (WaaS) solution allows you to integrate a digital wallet into your platform effortlessly. This feature enhances your users’ ability to manage their financial assets securely, offering a streamlined and efficient way to handle transactions.

3. Virtual Account API

Generate one-time virtual accounts to facilitate collections for your customers.

The Virtual Account API is a powerful tool for businesses needing dynamic or static virtual accounts. This feature simplifies the process of collection, providing a hassle-free way to manage payments and improve cash flow.

4. Transfer/Disbursement

Initiate transfers on behalf of your customers and sub-merchants with ease.

Our Transfer/Disbursement API enables businesses to initiate transfers seamlessly. Additionally, the Threshold Monitoring Notification Services alert you when balances are nearly depleted, ensuring transactions do not fail due to insufficient funds.

5. Terminal Management System (TMS): Our Terminal Management System powers client’s terminal with customisable TMS SDK to carry out POS payment services (both merchants and agency banking) without the needs to worry on the hassle of integrations with payment switches.

6. Verification Service: Our API offers a secure and reliable verification process for KYC (BVN, NIN, IDs) and KYB.

7	Bills Service	We have an aggregate of bills such as electricity, Airtime, Data, TV Sub, Airtime Voucher, betting etc
8	Agency Banking/POS Service	Our POS are enabled with card and cardless payment options – Card payment Direct bank transfer, USSD, Pay Attitude, QR etc.
9	Contest Management System	Our advanced contest management system streamlines the paid voting process by assigning Nuban accounts and USSD codes to each contestant, enhancing the convenience of engaging in multiple votes.
10	Checkout Service	Through our Checkout services, customers can easily integrate a variety of payment options into their website or app, allowing them to smoothly process payments with flexibility.