In our previous newsletter, we shared that we had added new bank connections in Kenya and Ghana and two product updates — search for DirectPay payments and Account number in exports feature on the dashboard.
Today, we will be sharing updates from July which include our expansion into a new African market, the Mono Issuing product, new data connection, and more. Keep reading for the highlights.
Company and Product Updates
We launched in Kenya
We’re happy to share that Mono is live in Kenya to empower growing businesses in Kenya with secure and user-permissioned access to customers’ financial data, so they can offer innovative and more personalized financial services to users.
If you’re looking to serve your users in Kenya, you can now use our APIs and no-code tools to easily retrieve customers' transactions, statements, and income data from top financial institutions in Kenya, and improve your underwriting or credit decisions.
Telco Data is live!
Our telco data connection is now available for all partners on Mono. With this connection, you can securely access customers’ mobile network data such as their airtime balance, data balance, airtime balance, and account number, and open up more financial service opportunities using these insights. Currently, this data can be retrieved from two telco providers in Nigeria (MTN and Airtel).
To access the telco data endpoint and integrate it into your product, you can check out our API documentation.
Mono Issuing for virtual accounts and cards
With our Mono Issuing product, you can now issue virtual USD and Naira cards and virtual Naira deposit and collection accounts to your users securely, to enable your users pay for online purchases and subscriptions, anywhere in the world.
Transaction Count on the credit/debit endpoint
We’ve made some updates to our credit/debit endpoint and included transaction count as part of the API response object. This allows you to retrieve and filter the average amount per transaction so you can easily assess customers’ spending/financial behaviour.
This feature is useful for businesses like digital lenders or BNPL services that need to easily determine users’ verified income and make faster underwriting decisions.