Card Remittance Solution

Remittance Solutions

Overview

The Network Remittance solution offers plug-and-play integration that connects you to a high-volume remittance channel seamlessly. This gives you flexibility to choose the gateway or partner that suits your requirements based on quote rates and other preferences, allowing you to get the best possible foreign exchange rates to grow your revenue.

 

Convenience and Accessibility

Send money to virtually any country using multiple channels, including online platforms, mobile apps, physical locations, and bank transfers, ensuring flexibility and convenience for all users.

Cost-Effectiveness

Benefit from competitive fees and reduced transaction costs, offering affordable international fund transfers with efficient currency conversion and processing systems.

Speed and Efficiency

Experience expedited cross-border remittances, typically processed within minutes to a few hours, with the assurance of real-time transaction tracking for complete transparency and peace of mind.

Security

Ensure security and compliance with advanced fraud protection measures, encryption technologies, and adherence to regulatory standards, including anti-money laundering (AML) and know-your-customer (KYC) requirements.

Financial Inclusion

Services integrate with mobile wallets and payment systems, expanding financial access for users who rely on mobile technology.

Flexibility and Customization

Recipients can choose their preferred payment method, including direct bank deposits, cash pickups, or mobile money accounts, with the flexibility to send and receive money in multiple currencies.

Economic Benefits

Facilitating remittances not only supports families by providing quick and reliable funds but also boosts local economies, contributing to small businesses and overall economic development.

Customer Support

Cross-border remittance services provide round-the-clock customer support to address any issues or concerns, improving the overall user experience.

 

 

The remittance platform features a cutting-edge gateway engine. It provides cardholders with optimal foreign exchange rates through ecosystem partners. NI shall integrate with these partners and offer a unified set of APIs for cardholders. Integration efforts are minimal for funding institutions, ensuring a quick time to market.

It’s important to note that NI can assist in designing the UI/UX at the front end, provided the client agrees.

 

 

Remit to VISA - (Cards & Wallets) Remit to Visa Cards

 

 

Remit to Cards Remit to MC Cards Cards

 

Download
Version

Get Conversion Rate

Status:

Production

Version:

V2

Product:

Card Remittance Solution

Overview

This service is used to retrieve the current FX rates being used by scheme from the source amount/currency to the destination amount/currency.

https://api-sandbox.network.global

Get Conversion Rate

Download

Status:

Production

Version:

V2

Product:

Card Remittance Solution
/Remittance/Enquiry/V2/ForeignExchangeRates
curl --location --request POST '#{PARAM_URL}' --header 'Authorization: Bearer {{ access_token }}' {custom_headers} --data-raw '#{JSON_PAYLOAD}'
curl --location --request GET 'https://api-sandbox.network.global/v1/tokenkc/generate' \--data-raw '#{JSON_PAYLOAD}'
curl --location --request POST 'https://api-sandbox.network.global/v1/tokenkc/generate' \--data-raw '#{JSON_PAYLOAD}'

Node Child Node Type Length Description
Authorization* requiredBearer xxxx* requiredstringAuthorization Header (Bearer Token)
Content-Type* requiredapplication/json* requiredstringContent Type

Node TypeTypeLengthDescription
NISrvRequestrequest_foreign_exchange_ratesheadermsg_id* requiredstring12Message ID, this field should be unique id for each Api call. This will be generated from client side. If the same message ID is used the system will decline the API call with Error Description “Duplicate Message ID”
msg_type* requiredstring12Message Type – This can have either “TRANSACTION” or “ENQUIRY” As for this API the value expected is “ENQUIRY”
msg_function* requiredstring50Static Value - REQ_GET_EXCHANGE_RATE
src_application* requiredstring10Source Application: This is a free Text and the client can populate the source system from where the API is Initiated Example: IVR, IB, MB No Validations of these are kept at Network Systems
target_application* requiredstring10The target_application can hold any value from FI side, this can be used by FI to check the target system of the API call
timestamp* requiredstring30Timestamp of the request - Format YYYY-MM-DDtHH:MM:SS.SSS+04:00
tracking_id* requiredstring30Tracking_id of the request - Format YYYY-MM-DDtHH:MM:SS.SSS+04:00
bank_id* requiredstring4Bank Id is Unique Id 4 digit code for each client and the same will be provided once the client setup is completed in our core system. For sandbox testing – Please use “NIC”
bodyscheme* requiredstring1This identifier is used to indicate the scheme.'M' - MasterCard 'V' - Visa
destination_currency_code* requiredstring3Destination currency to know the exchange rate
source_currency_code* requiredstring3source currency code
destination_amount* requiredstring13Destination Transaction amount
source_amountstring13Source Transaction amount
markupstring6Percentage FX mark up rate

{
    "NISrvRequest": {
        "request_foreign_exchange_rates": {
            "header": {
                "msg_id": "{{$timestamp}}",
                "msg_type": "ENQUIRY",
                "msg_function": "REQ_FOREIGN_EXCHANGE_RATES",
                "src_application": "MOA",
                "target_application": "ALL",
                "timestamp": "2024-07-29T16:07.44+04:00",
                "tracking_id": "528",
                "bank_id": "REM"
            },
            "body": {
                "scheme": "V",
                "destination_currency_code": "GBP",
                "source_currency_code": "USD",
                "rate_product_code": "A",
                "destination_amount": "50"
            }
        }
    }
}

Node Child Node Type Length Description
Content-Typeapplication/jsonstringContent Type

Node TypeTypeLengthDescription
NISrvResponseresponse_foreign_exchange_ratesheadermsg_id* requiredstring12Message ID, this field should be unique id for each Api call. This will be generated from client side. If the same message ID is used the system will decline the API call with Error Description “Duplicate Message ID”
msg_type* requiredstring12Message Type – This can have either “TRANSACTION” or “ENQUIRY” As for this API the value expected is “ENQUIRY”
msg_function* requiredstring50Static Value - RES_GET_EXCHANGE_RATE
src_application* requiredstring10Source Application: This is a free Text and the client can populate the source system from where the API is Initiated Example: IVR, IB, MB No Validations of these are kept at Network Systems
target_application* requiredstring10The target_application can hold any value from FI side, this can be used by FI to check the target system of the API call
timestamp* requiredstring30Timestamp of the response Date & time Format DD/MM/YYYY HH:MM:SS
tracking_id* requiredstring30Tracking ID of the response Date & time Format DD/MM/YYYY HH:MM:SS
bank_id* requiredstring4Bank Id is Unique Id 4 digit code for each client and the same will be provided once the client setup is completed in our core system. For sandbox testing – Please use “NIC”
exception_detailsapplication_name* requiredstring20Application Name
date_time* requiredstring30Timestamp of the response Format “YYYY-MM-DD HH:MM:SS”
status* requiredstring1Status of the request (S/F)
error_code* requiredstring4EAI Internal Error Code (Check error codes section for the complete list of error codes and error code descriptions)
error_description* requiredstring100Error Description (Check error codes section for the complete list of error codes and error code descriptions)
transaction_ref_idstring20The tracking_id sent in the request will be sent back in response in this field.
bodyBankIDstring4Identifier assigned by NI to uniquely identify the client
ExchangeRatestring14exchange rate applied to convert source currency to destination currency
source_amountstring14Transaction amount in source currency
destinationAmountstring14Transaction amount in destination currency
settlement_amountstring1status code of the transaction
custom_fieldskeystring100
valuestring100

{
    "NISrvRequest": {
        "request_foreign_exchange_rates": {
            "header": {
                "msg_id": "{{$timestamp}}",
                "msg_type": "ENQUIRY",
                "msg_function": "REQ_FOREIGN_EXCHANGE_RATES",
                "src_application": "MOA",
                "target_application": "ALL",
                "timestamp": "2024-07-29T16:07.44+04:00",
                "tracking_id": "528",
                "bank_id": "REM"
            },
            "body": {
                "scheme": "V",
                "destination_currency_code": "GBP",
                "source_currency_code": "USD",
                "rate_product_code": "A",
                "destination_amount": "50"
            }
        }
    }
}

Code Description
200Sample Description
400Bad Request
401Unauthorized
403Forbidden
500Internal Server Error
502Bad gateway
503Scheduled Maintenance
504Gateway Timeout
596Service Not Found