A Direct Debit mandate gives businesses the authorization to collect scheduled payments directly from customers' accounts. Here's a look at how they typically work and how to set up one on a customer's account.
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Direct Debit is a safer and more convenient method for businesses to collect recurring payments from customers at agreed intervals. This guide will help you to better understand what Direct Debit is exactly, how it works, and why they may be a better payment option for your business.
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The adoption of Account-to-Account payments for online transactions is rapidly increasing. When powered by Open Banking, this payment method offers businesses the ability to provide their users with a more secure, convenient, and faster payment experience. We explore all of these in this article.
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Here's how Buy Now Pay Later services can securely and more accurately access better customer financial data points, and scale their credit-decisioning processes with Mono.
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In this article, we explore the challenges that digital lenders face in Africa and how Mono’s infrastructure can help them solve these problems and scale their lending processes.
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The Central Bank of Nigeria (CBN) published the final regulatory framework and operational guidelines for Open Banking in Nigeria. We break down what this means, and how everyday consumers and industry players can benefit from innovation in Open Banking
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Open Finance, a next step in the Open Banking principle, is one where users can leverage their financial data footprints (from insurance and mortgages to pensions and investments) to access more innovative and personalized financial services. Open Finance benefits both users and businesses. We break it all down in this article.
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In this piece, we share Mono's role in building infrastructure and tools that leverage Open Banking, to enable businesses and developers to build better financial services for users across Africa.
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This article is the first in a series of short and simple guides that explain what open banking is in plain English, and how it can be used to build the next generation of financial services
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