Partner RAKMoneyTransfer 2.0.0
Allow your customers to make instant transfers to their registered beneficiaries through RAKMoneyTransfer.
Overview
The Partner RAKMoneyTransfer API is available to partner institutions to allow their users to make instant payments to their overseas beneficiaries using RAKMoneyTransfer. The beneficiaries must be pre registered using Partner Beneficiary Management API.
Customers can make two types transfers depending on the beneficiary selected
- Instant Account Transfers to supported corridors- (beneficiary with transfer_type as OutsideUAE)
- Instant Cash Transfers to supported corridors- (beneficiary with transfer_type as RAKMoneyCashPayout)
Pre - requisites
- Before allowing their customer to utilize this service, partners must ensure that the customer is fully on-boarded at our end.
- The customer's beneficiaries must be pre registered using Partner Beneficiary Management API.
Use cases
Instant Account Transfers from Partner App
Let your customers make Instant Overseas Account Transfers to pre registered beneficiaries (in supported countries), using this API.
Instant Cash Transfers from Partner App
Let your customers make Instant Overseas Cash Transfers to pre registered beneficiaries (in supported countries), using this API.
Plans
Partner RAKMoneyTransfer API 2.4.0
PUT /transactions/{transaction_id}
GET /transactions/{transaction_id}
Default Planlock_open
2 rate limits *
2 rate limits *
2 rate limits *
Free