FAQs about our APIs and Banking as a Service (BaaS)
About Bankly BAAS
Our Banking as a Service is a bouquet of API services uniquely developed to allow businesses to start receiving digital payments via mobile and web applications, carry out transfers and offer other value-added services.
What are your BAAS Product Offerings?
Our API bouquet of products are Wallet as a Service, Virtual Accounts, Transfer Service, POS as a Service, BVN validation and other value-added services like bills payments.
What is the purpose of the Virtual Account API?
The Virtual Account API allows seamless integration for creating and managing virtual accounts, facilitating easy fund transfers and transactions.
How do I authenticate requests to the Virtual Account API?
Authentication is achieved through API keys. You will receive a unique API key upon registration, which should be included in the header of your API requests.
Can I create multiple virtual accounts for different purposes?
Yes, you can create and manage multiple virtual accounts based on your business needs.
What type of transactions can be performed using the Virtual Account API?
The API supports various transactions, including fund transfers, balance inquiries, and transaction history retrieval.
How is the security of Virtual Account API ensured?
The API employs industry-standard encryption protocols, and sensitive data is handled securely. Regular security audits are conducted to maintain a high level of security.
What functions does the Funds Transfer API support?
The Funds Transfer API facilitates seamless transfer of funds between accounts, both within our system and external accounts.
How do I handle errors during fund transfer requests?
The API responds with error codes and messages. Detailed error handling instructions are provided in the API documentation.
Is there a limit to the amount I can transfer using the Funds Transfer API?
Transfer limits depend on your account type. You can find detailed information on limits in the API documentation or contact our support.