Onboarding

How to onboard a financial institution into PAPE?

Onboarding Workflow

Onboarding your financial institution is a manual process. You will have to contact Interswitch who will do all the necessary checks before onboarding your financial institution.

From a technical perpective, PAPE works with payment gateways, not financial institutions. Payment Gateways refers to a specific financial institution, in a specific country, using a specific currency.

paymentGateway = country +  financialInstitution + currency

  • Country of operation: The country your financial institution runs from. If you are a multinational financial institution, you will have to onboard each country your financial institutions runs from.

  • Currency: The currency your financial institution issues. If you are a multi-currency financial institution, you will have to onboard each currency as a separate payment gateway.

  • Fee Structure: How much you’d like to charge for each off-ramp from PAPE to individual accounts in your financial institution. Read more about fee structures here

  • Contact Information: Email and website.

  • RSA Public Key: You, the financial institution will have to generate an RSA 2048 public/private keypair. You will send PAPE the public key, while securing the private key on your end. Your private/public keys will be used to generate digital signatures to secure communications between your financial institution and PAPE.

  • Account Verification Endpoint: This is the only API we will need from you. We will send you an account number, and you will respond with the full name of the account in your financial institution. Read more about the account verification endpoint here

Points of Contact

Your points of contacts to onboard into PAPE will be:

  • Akeem: akeem@interswitch.com. DCEO, Interswitch.
  • Kingsley: kingsley@interswitch.com. Product Manager, Interswitch.
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