Eko a mobile-based fintech company, has launched Domestic Money Remittance Service through API integration in partnership with 10 plus companies in mobile recharge, travel & ticketing domain.
With this, the partner companies will plug in Eko’s API to leverage the platform for direct connectivity with NPCI, UIDAI, banks and aggregators. During a three-month beta testing phase, Eko has helped its partners process over Rs. 100 crore of remittances over these APIs.
Eko has released APIs for its domestic money transfer business which allows companies who have similar business models to plug in these APIs and extend the same to their channel partners. The APIs also allow development of payment & financial services such as digital wallets, P2P transfers and in store & online payments.
Abhishek Sinha, Co-founder & CEO, Eko Financial Services said, “We would like the developer community to leverage Eko’s PPI license & framework of payment APIs and build their own innovative use-cases/products. This is really to further push the agenda of ‘Make in India’ and also contributing towards ‘India Stack’ which is trying to bridge the digital divide in our country.”
Eko currently has more than 5000 agents across 13 states and 80 cities.