Monieswitch’s Wallet System is the core of our platform, offering businesses and merchants a comprehensive way to manage funds, integrate with services, and track transactions in real time.
Key Benefits
- Centralized Financial Management: Each wallet acts as a virtual account, providing a seamless way to oversee business and customer finances.
- Flexible Transaction Control: The customer’s tiered wallet structure enables merchants to tailor transaction limits and verification requirements based on usage needs.
- Service Integration: Wallets are connected to Monieswitch’s range of services, enabling payouts, collections, and card issuance directly from wallet balances.
- Real-Time Tracking and Notifications: Every transactions are instantly tracked and reflected in wallet balances, allowing for transparent and up-to-date financial monitoring.
Wallet Types
The Monieswitch platform offers two main wallet types, each designed to meet the unique needs of merchants and their customers:Merchant Wallets
Automatically created upon merchant registration and KYC approval
Customer Wallets
Created based on merchant workflow requirements to manage individual customer funds
Some Use Casess
- Customer Account Management: Create 1-to-1 mappings of wallets for each customer, allowing for precise tracking and individualized account control.
- Business Operations: Use the wallet as a primary account for payments, bulk payouts (e.g., salary distributions), and schedule or recurrent transactions.
- Integrated Financial Services: Link wallet balances directly with cards, child accounts, and external payment services for streamlined operational efficiency.
Start building
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Example Demos
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Monieswitch SDKs
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Monieswitch API Documentation
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