Enkash launches API suite to enable fintechs launch their own card
Corporate spend management firm EnKash launched a card application programme interface suite called CardX with plug-and-play integration that will enable non-fintech and fintech companies and Banks, NBFCs to launch their own card, BNPL, reward programs, in a hassle-free manner.
CardX comes with a complete card management suite and integrated functionalities such as real-time KYC solution, fraud and authorisation controls, reward management, multiple credit products like EMI, BNPL & Supply Chain Finance, data analytics and insights, among other essential elements.
The new card API suite is designed to be developer-friendly and can enable multiple use cases of credit card, prepaid cards, and wallets. Using EnKash’s open API stack, businesses can issue credit and prepaid cards to their customers, users, agents, employees, and others, for their respective use cases.
CardX also comes with a curated set of partners which clients can leverage for their customer communication, operations and customer service setup. CardX can enable card launch on any of the networks provided in the country, and is currently integrated with SBM Bank as its strategic issuing partner, with more banks in the pipeline.
EnKash Co-Founder, Naveen Bindal said, “India is poised to see accelerated growth of card and financial products as the customer adoption increases and new regulations allow more players like NBFC to issue cards. CardX will help companies use a customisable API to develop their fintech product lines. It will also help businesses to scale up through better customer reach and engagement, with the launch of their card offerings. We are already seeing interest amongst fintechs digital marketplace-based companies to empower their customers with cards. Our vision is to make the launch of cards and other fintech products, as simple as a website launch.”
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