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.

The Wallet System allows businesses to create both internal and customer-specific wallets, each with tiered capabilities to suit their needs. Wallets serve as the core account structure for handling payments, managing customer funds, and conducting essential financial operations.

​
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

Merchant Wallets are business-centric accounts, created upon successful KYC verification of a registered business. This wallet is designed for the merchant’s personal and operational transactions, allowing them to manage their core finances directly within Monieswitch.

Customer Wallets

Created based on merchant workflow requirements to manage individual customer funds

Customer Wallets are created by merchants to provide their customers with dedicated accounts, allowing customers to securely manage, fund, and access their balances through Monieswitch.

​
Some Use Casess

  1. Customer Account Management: Create 1-to-1 mappings of wallets for each customer, allowing for precise tracking and individualized account control.
  2. Business Operations: Use the wallet as a primary account for payments, bulk payouts (e.g., salary distributions), and schedule or recurrent transactions.
  3. Integrated Financial Services: Link wallet balances directly with cards, child accounts, and external payment services for streamlined operational efficiency.

​
Start building

Learn how to manage, distribute and integrate your payment application with our API and SDKs.

Tutorials

Learn how to work with Monieswitch and your favorite language or framework.

Example Demos

Learn from our demos and start building your payment application.

Monieswitch SDKs

coming soon

Build seamless integrations with our official SDKs for your preferred programming language.

Monieswitch API Documentation

Explore our comprehensive API reference guide to understand and build custom integrations with our payment infrastructure.

Transfer chargesMerchant