Customer Wallets are created by merchants to provide their customers with dedicated accounts for secure fund management and seamless transactions within the Monieswitch ecosystem.
Customer Wallets allow merchants to create and manage individual accounts for their customers, enabling secure transactions, recurring payments, and efficient fund management. These wallets are designed to integrate seamlessly with services like collections and recurring billing, providing merchants with a robust system for handling customer funds.

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Key Features

Tiered Capabilities

Merchants can select different wallet tiers to: Set appropriate transaction limits, Define creation requirements, Manage risk levels efficiently.

Dedicated Account Number

Each Customer Wallet comes with: Unique account identifier, Individual balance management, Personal transaction history, etc.

Automatic Compliance

Built-in features ensure: AML compliance, Transaction monitoring, Risk assessment, etc.

Service Integration

Direct integration with: Payment collections, Recurring billing, Automated transfers, etc.

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Implementation Examples

Investment platforms can use Customer Wallets to:
  • Manage individual investor accounts
  • Process investment contributions
  • Handle dividend distributions
  • Track investment returns
  • Facilitate withdrawals

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Security & Compliance

All transactions are monitored for suspicious activity and automatically flagged for unusual patterns.

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Transaction Monitoring

  • Automatic suspicious activity detection
  • Real-time transaction validation
  • Compliance with AML regulations
  • Daily limit enforcement

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API Integration

  curl --location 'https://nini.monieswitch.com/wallet' \
    --header 'Authorization: Bearer {{merchantAPIKey}}' \
    --form 'name="Baba Rabby"' \
    --form 'email="[email protected]"' \
    --form 'phoneNumber="09088331131"' \
    --form 'tier="3"' \
    --form 'dateOfBirth="26-01-2000"' \
    --form 'bvn="23456789031"' \
    --form 'address="10, Wibby Street Aguda Lagos"' \
    --form 'documentId=@"/Users/neyosoft/Desktop/Background [email protected]"'

API

Refer to our API Documentation for integration details