Lync virtual account APIs

Expanding into the vibrant African market presents immense opportunities for global businesses. However, navigating local payment systems and currency exchange can be complex. That’s why we’re thrilled to announce the launch of Lync’s Dedicated Virtual Account APIs, a solution designed to streamline your local payment operations.

What are Dedicated Virtual Account APIs?

Our APIs enable enterprise businesses to generate unique, dedicated virtual local currency (for example, KES & NGN) accounts for their merchants. This means your merchants can easily pay into these accounts, allowing you to collect local payments seamlessly.

Exchange local currencies
Once you receive, say, KES & NGN payments, you can effortlessly convert them to USD directly within your Lync dashboard, that is, swap your naira to a USD, GBP, or EUR using the Lync currency swap feature. Say goodbye to the complexities of external bureau de change services and enjoy competitive conversion rates.

Benefits of Virtual Account APIs for Your Business:

  • Global Expansion Made Easy: Break down barriers to entry in the African market by accepting local payments with ease. Receive payouts in hard currencies, mitigating currency fluctuation risks.
  • Enhanced Reconciliation: Gain complete visibility into your transactions with dedicated virtual accounts, ensuring accurate and efficient reconciliation. Know exactly who paid what and when.
  • Accelerated Settlement: Experience faster settlement times with automated conversions directly within the Lync dashboard. No more waiting for external third parties.
  • Cost Efficiency: Competitive rates for currency conversion.

Businesses Who Need Virtual Account APIs

  • E-commerce Platforms: Streamline payments from African merchants and simplify your payout processes.
  • Enterprise PSPs: Expand your service offerings by enabling your partners to accept local payments.
  • Fintech Companies: Offer seamless local currency acceptance and USD payouts to your customers.
  • Subscription-Based Businesses: Collect local subscriptions and receive payouts in your preferred currency.

How to Get Started:

Ready to revolutionize your payment operations? Visit https://docs.lync.global/docs/introduction to start or mail us at support@lync.global.