Payments API
by Akahu · Payments · New Zealand
An API that enables third-party applications to initiate bank account payments on behalf of connected users at a fraction of the cost of card payments.
What Payments API does
- Payment initiation via a single API call from a connected account
- Pay-as-you-go pricing per successful payment
- Faster settlement compared to cards
- Simple reconciliation
- Supports enduring payment consent for recurring variable amounts
What Payments API is used for
- Payroll disbursement
- Investment account funding
- E-commerce and bill payment
- Recurring subscription payments
Who Payments API is for
- Fintech developers
- Payroll providers
- Investment platforms
- E-commerce businesses
About Akahu
Open finance API platform for New Zealand: account connectivity, payment initiation, transaction enrichment (Genie), and loan application processing (Akahu Apply).
Akahu in the vendor registry: its products, features and similar vendors.
Also by Akahu
- Payments: Initiate payments directly from connected bank accounts via simple API calls.
- Data: Request one-off or ongoing access to transactions, balances, and account metadata from multiple financial institutions.
- Verification: Use bank-held data for KYC, AML, and other compliance use cases.
- Genie: Transaction enrichment engine that enriches raw transaction descriptions with merchant details without requiring connected accounts.
- Akahu Apply: Optimises loan applications and financial assessments combining open banking connectivity, PDF processing, and data enrichment.
- Transaction Data: Unified stream of standardised and enriched transaction data across financial institutions.
More in this category: Payments software and infrastructure.
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