Live Breaking News & Updates on Rankas Sees This Asa New Revenue Stream For Businesses That Sell Through Micro Merchants By Onboarding Customers In Rural Areas

Brankas' Account Opening API is integrated with four banks in Indonesia and the Philippines, enabling an "embedded finance" experience in any app. JAKARTA, Indonesia, Feb. 29, 2023 /PRNewswire/ Open finance leader Brankas has today announced a new feature enabling instant bank account opening as an "embedded finance" experience on third-party applications. The API is the first of its kind in the region, launched first in Indonesia and the Philippines. As a bundle with Brankas' market-leading data and payment solutions, any merchant or consumer app can provide fintech experiences to their users. Using the new Account Opening API as part of Brankas' wider banking API suite, businesses such as Personal Finance Management apps can help their users to create and move funds into high-interest accounts. HRIS platforms and lenders can also allow users to create specific bank accounts quickly to disburse salary and loan payouts. In addition, Brankas sees this as ....

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