This dashboard, sponsored by the CGAP Open API Program, provides industry information on the availability of open APIs by Digital Financial Service (DFS) and related providers in Africa, East Asia, South Asia and Latin America.
Open APIs in DFS are important because they connect third-parties to established financial service providers, essentially turning providers’ platforms into “digital rails” that third-parties can leverage to deliver innovative services that address needs of many customers.
The data in this dashboard showcases which businesses are already beginning to open up their digital rails, how they are engaging with third party developers, and what apps and products are being built that are relevant for low income citizens, businesses and households.
What Types of Apps and Products Are Being Built using these APIs?
Apps built with DFS APIs
What Are Some Examples of Apps and Products Being Built using these APIs?
|Lending||User Experience (UX)||Savings|
Name: Moon Money Online
APIs used: MercadoLibre Marketplace
Overview: Uses data on online sales from MercadoLibre APIs to calculate new credit scores and offer microloans to previously undeserved small businesses
APIs used: Kiva
Overview: A new user interface that makes use of Kiva data to better display available loans and current repayments data in order to support new lenders to make loan decisions
APIs used: Flutterwave Pay
Overview: A savings app that debits user’s bank account at agreed intervals to store in a “locked account” that then uses Flutterwave to disburse the savings payment in total on an agreed set date.
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What communications channels are used by the Best Practice Leaders in the emerging API economy?
Top Communication Channels
How are API Providers Monetizing these new API products?