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Virtual Account

Streamline collections, reconciliation, and account management with our APIs for virtual account creation, transaction tracking, and automated notifications.

Key Features

Advanced tools to simplify collections, virtual account management, and real-time reporting.

Virtual Account Creation & Management

Easily create, update, and manage virtual accounts for seamless digital operations.

  • Quick setup
  • Quick setup
  • Flexible account controls

Real-time Collections

Automated collection notifications from bank to TPP for faster settlement.

  • Instant updates
  • Automated alerts
  • Reduced manual tracking

Transaction Insights

Access real-time details of transactions across all virtual accounts.

  • Transaction history
  • Status tracking
  • Instant visibility

Balance Enquiry

Get up-to-date balance information for each virtual account anytime.

  • Real-time balances
  • Accurate reporting
  • Multi-account support

Reconciliation Made Simple

Automated reconciliation with accurate transaction mapping and reporting.

  • Faster reconciliation
  • Error reduction
  • Improved auditability

Integration Ready

Seamlessly integrate with core banking, ERP, and treasury systems.

  • API-first design
  • ERP connectivity
  • Third-party compatibility

API Endpoints

Comprehensive set of APIs for virtual account lifecycle, collections, and reconciliation.

POST

Create Virtual Account

Create new virtual accounts for customers.

/virtual-accounts
PUT

Update / Disable Virtual Account

Modify or deactivate existing virtual accounts.

/virtual-accounts/{AccountId}
POST

Collection Notification (Bank to TPP)

Send automated collection alerts to TPP.

/collections/notify
GET

Get Transaction Details

Retrieve transaction history for a virtual account.

/virtual-accounts/{AccountId}/transactions
GET

Get Virtual Account Balance

CFetch real-time balance details.

/virtual-accounts/{AccountId}/balance
GET

Get Reconciliation Detailst

Access reconciliation reports for transactions.

/virtual-accounts/{AccountId}/reconciliation

Why Choose Our Virtual Account Solutions?

Operational Efficiency

Reduce manual work with automated account creation and reconciliation.

Reduced Risk

Minimize reconciliation errors with accurate transaction mapping.

Real-time Visibility

Track collections, balances, and reconciliations instantly.

Scalability

Easily scale to handle large volumes of virtual accounts.

Success Metrics

85%
Faster Reconciliation
99.9%
Accuracy Rate
60%
Cost Reduction
24/7
Availability

Ready to Transform Your Guarantee Operations?

Join leading financial institutions that have digitized their Letter of Guarantee processes with our APIs.