In our last newsletter, we shared the Mono BVN Lookup API 2.0, highlights from this year’s Africa Tech Summit, and our video guide on facilitating payments with Open Banking.
In the month of March, we launched our new dashboard and subscription pricing, shared a breakdown of the recently released CBN Open Banking Guidelines, and more. Keep reading for the highlights.
Company & Product Updates
The Mono Dashboard 3.0 is live
We recently launched a new and improved version of the Mono partner dashboard. After months of working hard on this, we’re excited to see how this upgrade improves your experience with our services.
Some features we’ve added to help you better manage your business operations on the dashboard include a smoother onboarding flow, improved analytics for account linking insights, better security with 2FA, improved Data Sync management, and a new pricing structure. Log in to your dashboard to see how these features work.
New Mono Connect Pricing
We have introduced subscription-based pricing with the new dashboard, designed for developers and businesses, no matter their growth stage or API needs. To give your more value and flexibility when using Mono APIs, you can now pay a monthly, quarterly, or yearly subscription fee based on your preferred pricing plan.
To see what the pricing experience looks like across Nigeria, Ghana, Kenya, and South Africa, here’s a short video to guide you. Check out the pricing breakdown.
CBN releases Open Banking guidelines
On the 7th of March 2023, the Central Bank of Nigeria released the final operational guidelines and regulatory framework for Open Banking in Nigeria.
We wrote about the benefits of these guidelines, to both consumers of digital finance and businesses in the industry, when they come into play fully. Read more on this here.
Updates to the BVN Lookup service
A while ago, we updated our BVN Lookup API with the CBN-NIBSS consent layer to enable you and other businesses to meet the new requirement for retrieving customers’ BVN data.
We've also included an update to let your users receive an OTP via SMS by choosing any of the phone numbers registered on their BVN data.
If you're not subscribed to the Mono BVN Lookup service, you can reach out to our team via email@example.com, to request access.
Float introduces US bank accounts for businesses
Float has recently introduced its services to businesses incorporated in the US. This allows Float users to get a US bank account and debit card to make international transactions and receive payments from customers anywhere in the world. You can read more here.
Cova launches Cova Collaborations
Cova has launched Cova Collaborations, a new feature on the app that lets users securely manage and share their financial portfolio with a spouse or financial advisor and collaborate to make smarter investment decisions.