In 2021, Mono announced that businesses could now access user-permissioned customer financial data with Mono’s Open Banking API product - 

. This account linking to securely access financial data was now possible via a widget; end users needed to interact with a UI-facing extension of the Connect API to express consent, select an institution, log in and link their financial accounts. Mono’s first widget opened up so many possibilities; over 3.5 million financial accounts as of 2023 have been linked by millions of users who have been able to make smarter payments and access more personalized financial services tailored to their profile and insights gleaned from their financial data.

Today, we are excited to launch a new version of the Mono widget with major updates since we announced v1. Powering African businesses these past few years with Mono APIs, we consistently observed the interactions of end users with the widget, allowing us to gather a lot of feedback. We wanted to know what worked for end users, what didn’t work, what it meant when an end user didn’t go through with an account linking process they had started, and if they clearly understood what this process meant. We also worked very closely with these businesses that use the 

products to access financial data and accept payments, to co-evaluate the experiences of their users even steps before they get on the Mono widget.

These observations and feedback we received made it possible to build a highly improved version of the widget that aims to achieve three significant things

Here are the exciting new updates that come in the new Mono widget. You can also 

watch our highlight video with all the features here

Consent clarity and privacy prioritization

In the new widget, your users are now more openly made aware of what specific data Mono and your business which they'll be linking an account to will be able to access and what actions can or cannot be performed with this data. In addition, we now instantly inform end users once they have successfully linked an account to a business using Mono. Before now, users would typically have to create an account on our consent management platform, 

, to see businesses they have given access to their financial data, what data has been shared, and the ability to review access to these data. Now, for increased security and broader transparency, users will receive an email letting them know they've just linked a financial account to your business.

In the first version of the widget, we often added new institutions as we received requests from businesses that use Mono. Now, your users can directly make

requests when their preferred institution isn't on the Mono widget, in turn, giving us feedback and the opportunity to improve on coverage much faster.

You can now spin up the Mono widget to test account linking on Mono Connect without the need for sandbox credentials. You can see sandbox account linking flows for a successful link, authentication with 2FA, and more, to get a view of what your users will experience in different scenarios. Try out a 

If you already use Mono Connect or DirectPay, you will need to upgrade your widget to version 2 to get access to these new features. To upgrade to v2, take the following steps:

If you would like to use the new widget and Mono's open banking APIs to build innovative solutions for your customers, you can 

get started by creating a Mono account here

Questions you might have and answers to them

Once you confirm your choice to switch to the new widget, your customers should begin to see the Mono widget v2 when they initiate account linking or payments from your business.

In your API implementation, you will now be required to add a '

' field containing each user's name and email address. We have updated the 

integration guide on our API documentation

 to walk you through this change whether you have the APIs or SDKs integrated.

The first version of the Mono widget will remain available for use until May 2024, however, to give your users a faster and more seamless account linking and payment experience, we advise that you 

upgrade to version 2 of the Mono widget today

Yes, all new features in Mono widget v2 are available in Kenya, Ghana, Nigeria, and South Africa.

Yes, you'll need to initiate an update on your Mono SDKs to get access to the new Mono widget.

While there are great updates in the new Mono widget, we've made these user experience changes in ways that do not disrupt your users' understanding of how the widget works. We have also updated all widget-related support resources in our knowledge base to ensure that your users have up-to-date answers to their questions when they have any.

We can't wait for you and your users to experience the new Mono widget and all its features. Mono remains committed to making Open Banking infrastructure more innovative and accessible to internet businesses in Africa. If you would like to use Mono's APIs to deliver more personalized financial services to your users, you can 

 to discuss tailored options for your use case.

We've just launched the first major update to the Mono widget! After over three years since the first widget was launched to enable users securely link their bank accounts to share financial data with businesses, this new update to the Mono widget comes with lots of innovative improvements to make the account linking and payment experience more seamless and secure.

The Mono Widget 2.0 is Live!

The Mono Widget 2.0 is Live

Here's why 250+ Businesses & Developers use Mono APIs

Why Choose Mono

Affordable pricing for developers, SMEs, and enterprises

Pricing

See a Demo

Connect

Statement Pages

DirectPay

DirectPay Pages

Portal

Percept

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Coverage

Overview

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Mono helps businesses to access high-quality 
financial data and direct bank payments.

Reliably access bank accounts

Carbon

Renmoney

Flutterwave

Evolve credit

Securely access financial accounts for statements, transactions, and identity

Collect bank payments in your web or mobile app. No cards. No chargebacks

Money operations and reconciliation for all your corporate accounts, in one dashboard



Bring tomorrow's solutions to life, with our customer-focused solutions, today.

Build for the future of digital finance.

Carbon wanted to make their risk assessment and borrower qualification better with high-quality data.

Using Mono's Statement Pages, Carbon can receive its users' bank statements in minutes. They get cash flow on the accounts for up to 12 months, all seamlessly without writing a single line of code.

Carbon's personalized loan offers

Inflow Finance, using Mono Connect, allows thousands of users to understand and manage their finances across multiple accounts all in one place.

Just by linking their financial accounts to the Inflow app using Mono, Inflow's users can now get a better view of their financial health by monitoring real-time balances and transactions across accounts, create budgets, and get personal insights on their spending habits.

Inflow's Personal Finance Manager

Renmoney needed to streamline the verification of new users during onboarding.

Using Mono Connect, Renmoney is able to verify users' account information in seconds by having them link their financial accounts.

Renmoney's secure onboarding

Lemonade finance makes it easy to send and receive money from Nigeria, Kenya, Ghana, Canada, and the UK. 
Using DirectPay, Lemonade enables its users to make secure direct cash deposits to be transferred to the country of their choice.

Lemonade Finance's cross-border transfers

Here are some of the interesting features and experiences powered by Mono.  

Businesses building with Mono

It's important to go with a data provider that inspires confidence in users to give consent to share their data; this is one of our favourite things about Mono. 

The onboarding and integration process with Mono was smooth. Our Engineering and Product teams use the dashboard to oversee our statement collection process.

We can trust Mono over 90% of the time which is better than our previous provider. This ease & reliability are our favourite things about Mono.

Migrating to Mono was seamless... The simplicity and stability of the Mono SDKs are top-notch.

Why Choose Mono

Pricing

See a Demo

Connect

Statement Pages

DirectPay

DirectPay Pages

Portal

Percept

About us

Blog

Tutorials

Coverage

Overview

Documentation

Why Choose Mono

Pricing

See a Demo

Connect

Statement Pages

DirectPay

DirectPay Pages

Portal

Percept

About us

Blog

Tutorials

Coverage

Overview

Documentation

Trusted by

Build for the future of digital finance.

Connect

DirectPay

Percept

Businesses building with Mono

Carbon's personalized loan offers

Why market leaders are choosing Mono

It's important to go with a data provider that inspires confidence in users to give consent to share their data; this is one of our favourite things about Mono.

Barima Effah-Adjei

The onboarding and integration process with Mono was smooth. Our Engineering and Product teams use the dashboard to oversee our statement collection process.

Emmanuel Ogunsola

We can trust Mono over 90% of the time which is better than our previous provider. This ease & reliability are our favourite things about Mono.

Daniel Osineye

Migrating to Mono was seamless... The simplicity and stability of the Mono SDKs are top-notch.

Peter Olusesan

Getting started

Powerful APIs and easy-to-use resources

Plug-and-play SDKs

Beautiful seamless UX

Always-on support