Having seen tremendous success in its foray into the B2B Cross-border Payments market since the start of 2019, MoolahGo intends to make further inroads into B2B payments by announcing the launch of its enhanced Application Programming Interfaces (APIs) integration platform.
The MoolahGo API allows software developers, businesses and partners to easily connect to MoolahGo’s platform and instantly gain access to award-winning, licensed cross-border payment capabilities to over 40 countries and counting.
The full suite of APIs available as part of this launch enables integrators to perform functions including authentications, obtain market data such as exchange rates, manage recipients, submit and monitor payment transactions.
“Our APIs have been developed with developers in mind, with clear documentations and sample codes in 3 different programming languages. The idea is to make it as plug-and-play as possible for software developers,” said Jodi Junan, Chief Systems Engineer at MoolahGo.
MoolahGo’s API integration platform is a RESTful API that conforms to all the standard principles of software architecture for machine-to-machine information transfers. It accepts standard HTTP commands (GET, POST and PUT) and returns JSON responses.
MoolahGo ensures strong security in its API platform by deploying tokenized authentication methodology and data exchanged through its APIs are encrypted.
For businesses looking to automate their payments process, MoolahGo’s API platform is a perfect solution. By integrating with MoolahGo using its APIs, businesses can send payment instructions directly from their systems which reduces the workload of finance and accounting staff. Automation also increases speed while reducing or eliminating payment errors typically associated with manual data entry.
MoolahGo also makes its APIs available to any partners that wish to enhance their service offerings and to generate additional revenue opportunities by embedding MoolahGo’s powerful cross-border payment solution into their platforms. MoolahGo’s API platform is currently used by Financial Institutions (FIs) as well as non-FIs.
“As a Fintech company, we aim not only to make financial transactions faster, cheaper and better for our customers, we also strive to make financial services easily accessible through a wide channel network,” said John Hakim, CEO of MoolahGo.