Mobicash offers the most open platform for third-party integrations. The decision to provide a comprehensive API (Application Programmer Interface) to developers of other Financial Technology companies (FinTechs) was made by Mobicash for easier integration with other financial platforms to offer more and improved services to customers.
“Third party partnerships have been critical to Mobicash’s continued success, as we look towards our goal of market leadership. By allowing FinTech companies easy integration with our financial system, we are removing barriers within the industry and directly contributing to the growth of the banked population,” said Aniqa Afzal Sandhu, Head of Mobile Financial Services at the Mobilink.
Mobicash API is open for Peer-to-Peer business (P2P), B2C (Business to Customers), C2B (Customer to Business) and B2B (Business to Business) applications. This will also open the financial services space for the smaller players entering the FinTech space and take advantage of Mobicash’s platform and distribution. Mobicash is evolving as the leader in the payments arena.
In this regard, a number of initiatives have already been rolled out, including the Passport Payment Collection service, which was introduced by the government two months ago, bill collection service for the Bahria Town with much more in the pipeline.