Getting Started with Open Banking Nigeria APIs

Open Banking Nigeria is tailored for various stakeholders within the financial services sector such as banks, Fintechs, and regulators.

 

Banks

Customers are demanding much more from financial services providers that banks can hardly keep up. Open Banking provides a means by which a bank can transform how it serve these customers and a sustainable part to innovation.

Open Banking Nigeria has lifted a significant burden of Open Banking with the implementation of an API standard for Nigerian banks to adopt and also provided sandbox from which testing and certification can be done.

The best part of this is that everything is free to adopt and use.

Open Banking Nigeria API standards is at this time can only be implemented and supported for duly licensed financial services provides in Nigeria.

To get started, please email [email protected].

You can view the different companies that are already developing solutions such as API gateways and digital banking products at https://openbanking.ng/partners

To know more about Open Banking and Open Banking Nigeria, visit https://openbanking.ng

Test drive the sandbox at https://api.openbanking.ng while you can read up on the documentations of the APIs are at https://doc.openbanking.ng/v1.0/reference

 

Financial technology companies

Open Banking levels the playing field to allow you develop innovative products and services. It also significantly reduces the cost and time it takes to integrate to each bank. As a small fintech, time and speed to market is everything.

The API standards will enable application that do transactions, analyze transaction history, get details of ATMs, POS, bank products, etc.

To get started, please email [email protected].

To know more about Open Banking and Open Banking Nigeria, visit https://openbanking.ng

Test drive the sandbox at https://api.openbanking.ng while you can read up on the documentations of the APIs are at https://doc.openbanking.ng/v1.0/reference

 

Government and other stakeholders

Open Banking opens the financial services industry to innovation in the most secure and responsible manner. The last few years has witnessed a rapid expansion of digital payments through the deliberate efforts of the Central Bank of Nigeria, the Bankers Committee, local and international NGOs, etc. to ensure that payments become ubiquitous and cost of transactions is affordable by everyone.

Open Banking is transforming the way innovation in payments and financials services work everywhere and Nigeria is not different.

While Open Banking has been originated and backed by regulations in other economies, Nigeria has adopted an advocacy method to kickstart the adoption of Open Banking within our economy.

For more information and how you can contribute to Open Banking in Nigeria, please email [email protected].

To know more about Open Banking and Open Banking Nigeria, visit https://openbanking.ng