Page tree

Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.


Signing Up

Before you can start integrating to Monnify, you will need to sign up on Monnify. Click this link here to sign up: https://app.monnify.com/



How it Works

Monnify Customer Reserved Accounts allows a merchant generate a virtual account number which is dedicated to each of his customers. Every payment to that virtual account number is thereby associated with the customer for which the account was reserved.

This is extremely useful for merchants whose customers can only pay for a single service or merchants whose payment process involves a wallet. Here are a few examples of scenarios where a customer reserved account is perfect:

  1. Merchants, Fintechs or Aggregators whose customers/agents have wallets (e.g. Super Agents, Investment Apps, Betting Sites, Schools, Logistics apps etc.). Reserve an account number for each wallet allowing customers top up by simply doing a transfer to that account.
  2. Merchants whose customers are known and can only pay for one particular service (e.g. Electricity Companies, Insurance Companies, Internet Service Providers etc.). Reserve an account number for each customer allowing them to pay for that service by simply doing a transfer to their reserved account.




Step by step guide

Monnify Customer Reserved Accounts Integration can be complete in three steps: 

  1. Plugging into the Monnify Customer Reserved Account APIs
  2. Optimizing your user experience
  3. Communicating to your customers




Related Articles

Content by Label
showLabelsfalse
showSpacefalse
cqllabel = "customer-reserved-accounts"