Updated: May 30, 2022 10:35 p.m. STI
New Delhi [India]May 30 (ANI): Business expense management company EnKash on Monday launched a suite of card APIs that will allow non-bank financial companies (NBFCs), banks and Fintech companies to launch their own card hassle-free .
The new card application program interface (API) suite called “CardX” is designed to be developer-friendly and can enable multiple use cases for credit cards, prepaid cards and wallets, said EnKash, a B2B fintech company, in a statement.
CardX comes with a complete card management suite and built-in features such as real-time KYC solution, fraud and authorization checks, rewards management, multiple credit products like EMI, BNPL and Supply Chain Finance, data analytics and insights, among other essentials.
“India is poised to see accelerated growth in cards and financial products as customer adoption increases and new regulations allow more players like NBFC to issue cards. ‘an early entrant into the corporate card and spend management industry, we bring strong expertise that our customers can leverage in the development of their own card and other financial programs,’ said co- founder of EnKash, Naveen Bindal.
“CardX will help businesses use a customizable API to grow their Fintech product lines. It will also help businesses grow through better reach and customer engagement, with the launch of their card offerings,” added Bindal. (ANI)