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Accounts by Cashfree — Create bank accounts for your users instantly
[Built for Neo banks, Fintechs, Gig economy & Internet businesses]
Use Accounts by Cashfree to create & manage digital bank accounts for your users instantly. Expedite user onboarding by opening bank A/Cs & offer embedded banking experience.
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Hi folks!
Today team Cashfree is excited to share our latest product straight from the oven - Accounts 💸
Accounts by Cashfree is built for neo-banks, fintechs, and other platforms looking to offer financial services. Using Accounts, businesses can open bank accounts for their users instantly and enable users to carry out day to day banking transactions like adding funds, money transfer, check balance etc.
Accounts lets businesses quickly integrate banking services from leading banks into their product.
Businesses can use Accounts Dashboard to add users and create digital accounts for them or embed API into their product and offer native banking experience to users.
Another challenge we want to fix for businesses is user onboarding.
Using Accounts, Neo banks & other platforms can create bank accounts instantly for first time users not having a bank account Or extend account creation facilities to existing users and offer them the benefits of new age banking experience.
Why Cashfree Accounts?
✅ Offer banking services without integrating with banks - We have integrated with our bank partners so that you don't have to invest in bank integration, compliance and other processes.
✅ Easy integration - Our developer friendly REST APIs are easy to integrate and offer utmost security. The APIs are built to help you scale and support thousands of account creation requests per day. The APIs also offer flexibility in building other solutions over the stack we have provided.
✅ Real-time notifications - Get notified in real time on all the activities related to accounts creation, money transfer and other day to day operations.
Want to know more about the product and features relevant for your business? Contact our team, we will connect with you within 24 working hours.
Got any questions? Shoot!
Like the idea? Please show us your support
Looks great! Who can create an account? Is this available for users from all countries?
This is game changing, congrats on the launch 🚀 - what countries are covered? My current focus is on the African creator economy as this is a big pain point.
@sha26 Looks good. About the KYC verification, for most of the cases, is it realtime or it takes time?
@ravidhavlesha It does take somewhere between 24-72 hours to fully activate the account and also depends on the bank you choose to create the account at. However, as a developer your job is done as soon as you send us the KYC data. Everything else happens in background where Cashfree and bank do the heavy lifting.
Awesome to see this, Akash! Can this also extend to current accounts for businesses as the end user?
@shivam_gupta17 Let us know how our team can reach you. They will assist with the testing - https://www.cashfree.com/banking...
Hi Akash, this is excellent, well done! It is exactly what I have been searching for. I'd like to test your APIs and learn more about the services and functionality. What's the best way to take this forward?
You can let us know how to connect you. Will help you with sandbox testing and more context around the product and it’s features.
Looks great. I am curious to see how many banks (and which ones) are you supporting? (I wish this existed a year ago, we (www.eVitalRx.in) literally had to create complete ledger system for our customers for their bank accounts.
PS - I have spoken to Siddharth Sehgal and Pritesh Patil regarding some product that we wish to integrate on our platform.
@kaushalvshah We are supporting 2 of them right now. Plan is to have upto 8 banks on the platform by end of this FY. Good to know that you are already in touch with our team.
@sha26 Sounds good. The conversation with them was regarding other products/services, but this could also be a potential add-on! Certainly looking forward to have more banks included.
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