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Jenga API Proposal - Finserve Africa

Finserve Africa provides an integrated payments solution called Jenga APIs that allows merchants to access various payment options through a single integration. The Jenga APIs provide access to services like sending money to bank accounts, mobile wallets, and purchasing airtime through a simple pricing structure. Merchants can get started with Jenga APIs through a three step onboarding process that includes selecting channels, signing agreements, paying fees, integrating systems, and going live.

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241 views9 pages

Jenga API Proposal - Finserve Africa

Finserve Africa provides an integrated payments solution called Jenga APIs that allows merchants to access various payment options through a single integration. The Jenga APIs provide access to services like sending money to bank accounts, mobile wallets, and purchasing airtime through a simple pricing structure. Merchants can get started with Jenga APIs through a three step onboarding process that includes selecting channels, signing agreements, paying fees, integrating systems, and going live.

Uploaded by

Herbert
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Jenga APIs

Integrated Payments Solution


Introduction to Finserve Africa

Who we are
Finserve was borne out of a deep-seated need to break down financial barriers. Finserve
addresses these complex financial and lifestyle obstacles by employing a data & insight driven
culture, and efficiency to build products that produce richer customer experiences.
We are Finserve and we are here to build relevant consumer-focused financial technology
solutions for you and your organization.

What we do
Finserve combines deep knowledge of financial systems and wide-ranging technology experience
to deliver quality solutions for the finance sector.

[email protected]
Jenga APIs
Features

• API stands for Application Programming Interface. An API is a software intermediary that allows
two applications to talk to each other. In other words, an API is the messenger that delivers
your request to the provider that you’re requesting it from and then delivers the response back
to you.
• Jenga APIs are a set of APIs designed to give you a convenient way of doing any payment
option available at the convenience and comfort of your system.

Jenga APIs range from;


 Send Money - To Equity Bank accounts(Internal Funds Transfer)
 Send to other banks - Pesalink
- RTGS/ EFT
- Swift
 Send to mobile wallets – Equitel
- MPESA
- Airtel money

[email protected]
Jenga APIs
Features

 Account Services – Balance enquiry


- Mini statement
- Full statement
 Instant payment notifications
 Receive money queries - Get Eazzy Pay merchants
- Get payment status
- Query transaction details
- Get Billers
 Virtual wallet creation
 Billers
 Airtime - Purchase Airtime
 Loans - Get credit score
 KYC - ID search and verification

[email protected]
Jenga APIs
Architecture
Float account = Merchant Bank Account
Send Money &
Deposit APIs Billers, Airtime APIs
eCommerce Payments: Equity Bank (IFT) Accounts:

Bank Accounts:

mCommerce Payments:
Mobile Payments:

Physical Payments: VAS – Airtime & Billers:

Single Login
Merchant can
integrate & transact
from their platform
[email protected]
Jenga API
Benefits

The benefits of Jenga API include but not limited to:

 Jenga API provides multiple connections to telcos, mobile wallets, card associations, governments, credit

bureaus and banks by taking complex processes and abstracting them with just a few lines of code

 We have the highest level of security of standard, we are PCI-DSS level 1 compliant

 From your Equity Bank account (our banking partner) you are able to send money, receive money, check your

account balances and statements, open accounts and much more.

 Single integration and on-boarding process

 Variety of payment options- Mastercard, VISA, AMEX, JCB, UP, Diners, Equitel, MPESA, Airtel Money ,TIGO

,MTN and more

 Provides a dashboard that enables a merchant to view all transactional activity and download reports.

 Dedicated support-24 hour contact center.

 Services are available across countries where Equity Bank Group has presence

[email protected]
Jenga API
Pricing Structure
Send Money to Mobile Wallets (Equitel, Send Money to Bank Accounts Send Money via Pesalink Card Acquiring & Mobile Collections
MPESA, Airtel)
Range Charge (KES) Item Charge (KES) Range Charge (KES) Item Charge (KES)

10 - 999 20 Internal Funds Transfer 15 1 – 99,999 20 Card Processing 3.5%


(Equity) (Visa, MasterCard, AMEX & more)
1,000 – 1,499 30 RTGS 550 100,000 – 249,999 30 PayPal 3.5%

1,500 – 70,000 40 Swift 1,800 250,000 – 499,999 50 Mobile Money (Equitel, MPESA, Airtel) 1%

EFT 360 500,000 – 999,999 100

Account Activity Value Added Services Setup Fee

Item Charge (KES) Airtime Discount Rate Item Charge (KES) Item Charge (KES)

Balance Enquiry/ Mini Statement Free Equitel 6% CRB Check 50 One off KES 25,000

Full Statement 100 Safaricom 5% IPRS – ID Check 10

Instant Notifications Free Airtel 5% Billers 15

Account/ Name Lookup Free


On-Boarding Steps

• Select channels required


• Approve proposal & provide KYC
1 • Execute Agreement

• Pay one off fees


• Register on Jenga Platform
2 • System Integrations

• User acceptance Tests (UATs)


• Go Live
3

[email protected]
THANK YOU
www.finserve.africa

[email protected]

Finserve Africa Limited – Global Centre Equity Kilimani, 3rd Floor, Argwings-Kodhek Road, Kilimani, Nairobi, Kenya

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