Wallet as a Service API

In this post, we will discuss Wallet as a service API in brief.

What is wallet as a service API?

Wallet as a service API is an Application Programming Interface (API) that enables developers to build digital wallets. Using a Wallet as a service API is time-efficient and budget friendly. Today we are using the digital version of finance where we do need not to carry cash or any equipment for payment. We can easily pay anywhere anytime by using any digital wallet and Wallet as a service API is the backbone of this digital finance. Cryptocurrency is one of the best examples in this topic where there is no physical body of your money. Besides the WAAS API changes the face of banking industries.
Through the help of WAAS (Wallet as a Service), you can easily get paid from any place in the world by using just a mouse click or a single touch. From the side of security, digital wallets are more secure than any other physical payment method.

How Does Wallet as a service API work?

Wallet as a Service API is used to create Digital wallets which is the place where you can manage your money without touching it physically. When a user wants to use Digital wallets, the first step is to open an account. After that, he can save or manage their money in digital currency. Now if the user works with cryptocurrency then using the Digital wallet is major for them because the cryptocurrency doesn't contain any physical body. Making any payment through Digital wallets, it is very safe in comparison with other physical methods.
With the power or wallet as a service API, digital wallets can track your payment and also save sensitive information. Also, there is a record of your payment that you can use if any unwanted situation happens. Besides, the Wallet as a service API enables you to create a connection between your digital wallet account and Bank account through which you can easily deposit or withdraw money without going to the bank physically.

Some recommended Wallet as a Service API

Let's take a look to some mostly used and popular Wallet as a Service APIs:

IntaSend WAAS API

IntaSend offers wallets as a service API to customers, developers, and businesses. IntaSend provides a suite of products and services for developers, which includes a platform for building, testing, and managing digital currency-based applications on the IntaSend network. IntaSend provides a suite of tools for building and executing payment flows on the IntaSend network, including a payment console for building and testing payments, a balance API for accessing a digital currency balance, and a secure messaging API for sending over-the-air transaction notifications. The platform also offers a suite of developer-focused services including a set of APIs (wallet as a service and payments API) for building digital wallets. For more details visit IntaSend homepage and Wallet As A Service API - 9 Best Use Cases.

Google Pay WAAS API

Google Pay is a WAAS API that use to create digital wallets. It provides you fast access to offers by using the Google Wallet API. It makes it straightforward for your customers to add offers to Google Wallet on their phones, providing easy access at the right time. It allows you to connect your bank account with your digital wallet. The most interesting feature of google pay is the group payment. This feature allows you to send or request money from a private group. It is easy to use and simple. It is available for both IOS and Android. Learn more about Google Pay.

MataMask WAAS API

MetaMask is mostly used as a digital wallet for crypto through which you can easily manage cryptocurrencies. These digital wallets contain more than ten millions active users. MetaMask is available as a browser plugin for Firefox and Chrome. It also available for Android and IOS platforms. Metamask is best for interacting with the Ethereum blockchain as it comes pre-loaded with fast connections to Ethereum. MetaMask is a global community of developers and designers dedicated to making the world a better place with blockchain technology. Learn more about MetaMask here.

Conclusion

Wallet as a service is a new trend in digital payment systems. It is highly secured and updated day by day. Wallet as a Service API contains all the necessary services and mechanisms to build a digital wallet system. You can easily integrate a payment system into your business by using Wallet as a service API and make it easier for your customer to pay.