RAKMoneyTransfer Beneficiary Banks 1.0.0
Utilitarian API to search and fetch Beneficiary Banks supported for RAKMoneyTransfer.
Overview
The RAKMoneyTransfer Beneficiary Banks API is available to partner institutions to allow their users to search for supported overseas banks during the registration of their RAKMoneyTransfer Instant Account Transfer beneficiaries.
The bank search is a two step process:
- dynamically fetch and display the bank search parameters corresponding to a supported country code, to the customer
- fetch and display the list of banks that match the search criteria entered by the customer
Pre - requisites
- Before allowing their customer to utilize this service, partners must ensure that the customer is fully on-boarded at our end.
Next Steps
Create a RAKMoneyTransfer Outside UAE account transfer beneficiary by passing the bank identifier codes corresponding to the bank selected by the customer and other details of the beneficiary to the Partner Beneficiary Management API.
Use cases
Fetch Beneficiary Banks list from Partner App
Let your customer search and select a beneficiary bank using this API and instantly register a RAKMoneyTransfer beneficiary with us, using the Partner Beneficiary Management API.
