Introduction

Last edit: Apr 11, 2022

TerraPay’s API offers a comprehensive solution for online remittances for various businesses - from start-ups to global enterprises. With just one integration, B2B businesses are completely automated reducing overhead in payment collection. One time integration ensures businesses achieve reduced processing and delivery costs.

The APIs can be plugged in seamlessly and are compatible with all systems. Single API integration to channel diverse payment types and instruments along with customised solutions to its clients. The APIs come with methods for accessing real-time forex rates to ensure the businesses are empowered with real-time information about multiple currencies along with their current real-time value.

TerraPay systems are hosted on AWS across regions where available. This ensures that the system is secure, reliable, and flexible. TerraPay systems are hosted as primary (Live) site, Disaster recovery (DR) site and GR (Geographical Redundant) site. DR and GR sites ensure that the business continues to function as normal when primary sites are down thereby improving the end-user experience. TerraPay will also connect to receiving partners’ DR and GR systems to ensure seamless and continuous service.

TerraPay API supports all types of business transactions as listed below:

• Business to Business (B2B)
• Business to Person (B2P)
• Person to Business (P2B)
• Person to Person(P2P)

Services

The services offered by the TerraPay system can be broadly classified into:

Remit to Mobile:

This service enables the sender to instantly send money to a beneficiary's mobile number that has an associated payment instrument.

Remit to Bank:

This service enables the sender to send money to a beneficiary's bank account.

For both services, the sender can initiate a money transfer based on the interface provided by the sending partner. Money transfer can be initiated from a mobile wallet, bank account or cash over the counter

Implementation Overview

Send Partner

The Inbound APIs will be used by sending partners to integrate with TerraPay to send transaction requests.

The process of integration for send partners is depicted below.

The Inbound APIs will be used by sending partners to integrate with TerraPay to send transaction requests like:

• View Account Status
• Create a Quotation
• Create a Transaction
• View a Transaction
• Cancel Transaction

More Details click here.