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Mono adds Credit History Lookup and Upgrades BVN Endpoint

Mono has just introduced the Consumer Credit History Lookup API and upgraded the BVN endpoint, allowing instant access to customer credit history and linked bank accounts in Nigeria.

mono adds credit lookup endpoint and upgrades bvn lookup endpoint

Consumer Credit History Lookup:

Mono’s latest addition, the Consumer Credit History Lookup API, is now a live feature in the Mono Lookup product suite. This powerful endpoint empowers businesses and developers to retrieve customers’ credit information through their BVN, with the customer’s explicit consent. Users gain access to both recent and historical credit data spanning over five years, directly sourced from two of Nigeria’s largest credit bureaus.

How it Works:

  1. The customer provides consent with their BVN.
  2. Businesses make a call to the Credit History endpoint, receiving comprehensive credit information associated with the customer’s BVN.

Pricing:

  • N300 per API call to one institution
  • N600 per API call to both institutions

BVN Endpoint Upgrade:

The upgraded BVN Lookup endpoint now encompasses all bank accounts linked to a BVN, providing businesses with a comprehensive view of their customers’ BVN identity details or associated bank accounts, with proper consent. This improved endpoint, powered by the NIBSS iGree consent layer, offers enhanced uptime and reliability for seamless data retrievals.

How it Works:

  1. Business submits the customer’s BVN number with the bank_accounts scope.
  2. Customer selects their preferred OTP method (Email, phone, or alternative phone number).
  3. NIBSS sends OTP to the customer.
  4. The customer completes the OTP Verification.
  5. Account numbers and bank information are returned based on the BVN Lookup scope.

Pricing:

  • N4.5 for each OTP sent to the user
  • N10.5 for each customer identity detail retrieved
  • N300 per API call for Bank Account details

Product Improvements:

In addition to these groundbreaking features, Mono has addressed authentication outages with major financial institutions, ensuring a smooth experience for users linking their accounts via Mono Connect and DirectPay widget.

The Mono API has also undergone significant enhancements, introducing capabilities like verifying a customer’s account and returning their BVN using their account number, releasing the NIP Bank Listing API, and introducing the Delete a Customer API for Direct Debit payments.

As Mono continues to evolve its offerings, these updates underscore its commitment to providing innovative and reliable financial solutions in the ever-evolving landscape of digital finance. Stay tuned for more updates from Mono as they pave the way for seamless financial interactions in Nigeria.

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FAQ

What is the latest addition to Mono’s product suite?

The latest addition is the Consumer Credit History Lookup API, allowing businesses and developers to retrieve customers’ credit information using their BVN.

How does the Mono Consumer Credit History Lookup API work?

Customers need to consent with their BVN, and businesses can make a call to the Credit History endpoint to retrieve comprehensive credit information associated with the customers’ BVN.

What is the pricing for the Consumer Credit History Lookup API?

The pricing is N300 per API call to one institution and N600 per API call to both institutions.

What upgrade has been made to the BVN Endpoint?

The BVN Endpoint upgrade now includes all bank accounts linked to a BVN, providing businesses with a comprehensive view of their customers’ BVN identity details or associated bank accounts.

How can I reset my password for Mono?

To reset your password, go to the login page and click on the “Forgot Password” link. Follow the instructions sent to your email.

Is there a refund policy for Mono’s services?

Yes, Mono has a 30-day refund policy. Please review the refund policy page for more details.

Can I still get bank account details through the 360view Lookup endpoint?

No, this service will be deprecated and only accessible via the BVN Lookup endpoint.

Is the scope field required for BVN details API calls?

No, it’s an optional field to ensure backward compatibility for our users.

What payment methods do you accept for API calls?

We accept major credit cards and PayPal for API call payments.

How can I upgrade my Mono account to a business plan?

You can upgrade your account to a business plan by logging into your Mono account, navigating to the account settings, and selecting the desired business plan.

What security measures are in place to protect customer data?

Partna employs industry-standard encryption and follows best practices to ensure the security of customer data. Our systems undergo regular security audits and assessments to maintain a high level of protection.

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Can I test the APIs in a sandbox environment before going live?

Yes, Mono provides a sandbox environment for testing APIs. You can obtain sandbox credentials and simulate transactions to ensure seamless integration and functionality before implementing them in a production environment.

What documentation and resources are available for developers?

Mono offers comprehensive documentation, including API reference guides, tutorials, and sample code. Visit our Developer Portal for all the resources you need to integrate and optimize our services.

Are there any additional fees for using the sandbox environment?

No, using the sandbox environment is free of charge for developers to test and explore Mono’s APIs.

Can I get a custom pricing plan for high-volume usage?

Yes, Mono offers custom pricing plans for high-volume usage. Contact our sales team to discuss your specific needs and get a tailored pricing plan.

What customer support channels are available?

For customer support, you can reach out to our team via email at support@mono.com or through our live chat feature on the Mono dashboard.

Is there an API rate limit for Mono’s services?

Yes, there is an API rate limit to ensure fair usage. Refer to our API documentation for details on rate limits and usage guidelines.

Can I use Mono’s services for personal use, or are they only for businesses?

Mono’s services are primarily designed for businesses, but individual developers and personal projects are welcome to explore and use our APIs within the specified terms of use.

How often are product updates and new features released?

Mono strives to provide regular product updates and introduce new features. Stay tuned to our announcements and release notes for the latest developments.

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