Savings Account APIs

Savings Account APIs to Transform Retail Banking in India: Cashfree Payments Report

The report highlights that APIs can ‘decentralise’ banking, thus changing the way savings accounts of the future will be opened, accessed and managed. Savings account functionalities like deposits, cash withdrawals, payments, funds transfers, among others, can turn into a set of APIs, each of which then becomes Banking as a Service (BaaS) products to be leveraged.