In the last few months, we have been in beta in South Africa, providing open banking infrastructure and APIs to several growing and ambitious businesses in South Africa. Working with these businesses and developers to better understand their needs, we have been able to power secure financial data sharing and help them build innovative financial solutions for their users.
We are excited to work with more businesses and developers to fine-tune our infrastructure and offerings in South Africa and iterate with valuable feedback, to ensure that we build reliable open banking experiences that growing businesses can leverage. If you’re building smart financial services for users in South Africa and would like to participate in our beta phase, get started here.
What Mono offers businesses and developers in South Africa
With Mono, you get;
Reliable open banking APIs for secure access to customers’ financial data (transactions, income, identity, statements) with the Mono Connect API from the following financial institutions:
Standard Bank
Absa Bank
Ned Bank
FNB
Capitec Bank
Tyme Bank
Bidvest
Easy-to-integrate APIs and well-documented developer resources.
Simple, no-code Mono Statement Pages, to collect users’ bank statements
A powerful dashboard to track and manage your connections.
Reliable coverage across 7 financial institutions in South Africa.
Transparent, subscription-based pricing to fit your API needs.
Personable, timely integration support.
How to get started with Mono
To sign up to use Mono in South Africa, visit mono.co/signup to create a free account.
As a developer:
To activate your account on Mono, follow this guide.
As a registered business:
To activate your account on Mono, follow this guide.
Questions you might have and answers to them
What documents do you need to get started on Mono?
To complete compliance and go live on Mono as a developer, you will need to submit the following documents:
A valid personal ID; Driver’s License or International Passport.
As a registered business, you will need to submit the following documents:
A valid personal ID: Driver’s License or International Passport.
Corporate registration certificates.
Proof of business address.
Certificate of business name.
Return of allotment/Post incorporation (for Liability Limited Companies).
Regulatory licenses that apply to your use case in your country. Here’s a list of regulatory licenses required for different industries.
2. How much does it cost to use Mono in South Africa?
To use our Mono Connect services in South Africa, we offer simple pricing plans billed on a monthly, quarterly, or yearly basis, letting you choose what works best for your API needs. Check out our pricing breakdown here.
3. How long does it take to go live on Mono?
After sending an account activation request, we will review it and send an update to your email within 24 - 48 hours. If your request is approved, your business should go live on Mono immediately.
4. Can I use Mono without a developer?
Yes, you can use Mono without having a developer on your team. The Mono Statement Pages allows you to securely collect financial statements from your users without writing a single line of code. Here’s how to set up a Statement Page.
If you also use our API products and need any help, our Integration team is available to guide you through your integration process.
5. Can I use Mono in test mode?
We offer a sandbox environment where you can test our features and make API requests to our products, with our test credentials. However, to retrieve live customer data, you will need to activate your account and create a live App on the dashboard.
Need any assistance?
If you have questions about Mono’s services in South Africa or require assistance, you can always reach out to our support team via email at support@mono.co. You can also speak with someone from the team by clicking on the support tab at the bottom right corner of your Mono dashboard.
