In our last newsletter, we shared Mastercard's partnership with us, the new widget customization feature, the Carbon partner story video, a replay of the Mono developer workshop, and updates to the Mono NIN Lookup API.
In April, we announced version 2 of the Mono Connect and DirectPay APIs, Settlement webhook notifications feature, and more. Keep reading for the highlights.
Company & Product Updates
The Mono Connect and DirectPay v2 APIs are live
Our Mono Connect and DirectPay APIs have been upgraded to version 2 to improve the experience for your users whenever they link their accounts or make payments to your business. Built to match the Mono widget v2, these updated endpoints helps you better manage customer entities, onboard users more securely, and achieve improved success rates for account linking and payments.
To access the Mono Connect and DirectPay v2 APIs, please note that you’ll need to upgrade to version 2 of the Mono widget, as the previous version will no longer be available after 31st May 2024.
Webhook notifications for DirectPay settlements
Partners who use the Mono DirectPay product can now enable Settlement webhook notifications on their Mono dashboard so they are notified when DirectPay payouts are successfully processed into their accounts.
To do this, navigate to Settlement settings and click on the Choose app under the Settlement webhook section to select which app with a webhook address you’d like to receive settlement alerts. Set up settlement webhook notifications here.
Building a seamless KYB verification flow with the Mono CAC Lookup API
As a financial services business, the way your customers want to be onboarded to your service is changing, they expect a faster and more secure process. To meet these expectations and step up your KYB verification process, here’s a quick refresher on how your business can use the Mono CAC Lookup API to verify the identity information of registered Nigerian businesses and power a more seamless onboarding flow within your product. Watch the video here.
Improving your credit-decisioning system with Mono Lookup
We recently wrote a technical guide to break down how integrating the Mono Credit History Lookup API, along with other Mono APIs can help your business access more robust customer financial data to inform and improve your credit-decisioning process.
