Instant Cash rolls out Open API solution to simplify payment services

By Delisha Fernandes

Instant Cash, a company within the FINTX portfolio, the FinTech arm of Emirates Post Group, has launched its new Open API platform (IC API). The new API simplifies the process of integrating money transfer capabilities especially for digital partners, making money transfers more accessible and efficient for end-customers.

The IC API delivers an array of features and benefits that distinguish it as the ideal solution for companies in search of money transfer solutions. The 70+ countries within Instant Cash’s network are now more accessible than ever.

Ahmed Al Awadi, Managing Director and CEO of FINTX, and Chairman of Instant Cash said, “At FINTX, our aim is to ensure our companies become fintech-first. With our Instant Cash portfolio company, the focus is to transform and improve money transfer services between and within nations and we are proud to announce a significant step toward this goal with the launch of the IC API. The Open API platform will enable our partners to provide their customers with seamless, effective, and cutting-edge money transfer services, in keeping with the vision of making every financial transaction convenient and accessible.”

In building these new APIs, a developer-first approach was used which led to the creation of the IC API Developer Portal where developers can easily access all the documentation needed for a faster integration. A sandbox is also available for developers to ‘play’ with the APIs and understand the benefits it would bring to their own applications before fully committing to an integration.

The new platform launched will be the basis for a range of new services allowing partners to grow their businesses by providing more unique services to their end-customers. The platform will be developed further as well with software development kits (SDKs), targeted at digital partners and FinTech startups to ease the integration with their digital customer-facing applications.