Revolutionizing Payment Gateway Integration in Africa
Project Brief
Africa faces a significant challenge with the availability of reliable, secure, and scalable payment gateways. To address this gap, our client developed a payment aggregator API that combines multiple payment methods into a single, secure gateway. The platform integrates diverse digital financial services such as MTN Mobile Money, Orange Money, MoonPay, Transak, Paytrie, PayPal, Stripe, and manual crypto payments (USDT, USDC, BTC).
Additionally, the solution offers multicurrency support, platform banking, crowdfunding services, and features like payment requests and inter-wallet transfers.
Project Type: Payment platform development and optimization
Location: California, USA
Engagement Period: September 2023 - Present
Engagement Model: Dedicated team consisting of Software Architects, Business Analysts, Developers, UX Designers, Quality Assurance Executives, and a Scrum Master.
Services Offered
Full-stack development
API Integration
Payment Gateway Setup
Security Implementation
User Experience Design
Technologies Used
MySQL
AWS
Angular
Laravel
Third-party Integrations
MoonPay
MTN Mobile Money
OkLink
Orange Money
PayPal
PayTrie
Stripe
Transak
The Problems
Diverse Technical Requirements
Each payment service had unique APIs and technical requirements, creating complexity in unifying them into a single platform. Ensuring seamless integration and consistent functionality across different payment methods was a key challenge.
Payment Requests and Inter-wallet Transfers
Developing functionalities that ensured convenience for users, operational efficiency, and high levels of security was essential for processing transactions smoothly.
Security and Scalability
The platform needed to ensure top-tier security to protect sensitive financial data while also being scalable enough to handle increasing transaction volumes and user growth.
Automated Crypto Transaction Validation
Manual validation of crypto transactions was time-consuming and error-prone. Automating this process was crucial to maintaining transaction integrity.
Multicurrency Support
Managing multiple currencies required accurate currency conversion and efficient record-keeping to avoid financial discrepancies.
Adapting to Compliance and Business Needs
The platform had to remain flexible and responsive to new regulatory requirements and evolving business needs.
Platform Banking and Crowdfunding Services
The platform needed to provide users with additional financial tools, enhancing its value proposition and creating a comprehensive financial ecosystem.
The Solution We Created
Unified Payment Aggregator Platform
We integrated multiple third-party payment methods, including MTN Mobile Money, Orange Money, MoonPay, Transak, Paytrie, PayPal, Stripe, and manual crypto payments. The platform was built to handle varying payment status updates, ensuring accurate tracking and seamless data flow to merchants.
Multicurrency Support
The platform managed currency conversion using a dynamic service integrated through external APIs, with a two-step process for unsupported currency pairs. Regular updates ensured that transactions reflected current market rates.
Platform Banking & Crowdfunding Services
We developed and integrated ready-to-use banking and crowdfunding services, allowing merchants to create subdomains for their services. Features like loan requests and fund withdrawals were supported, with digital signature validation ensuring secure processing.
Payment Requests
A REST API was created to allow merchants to generate payment request URLs with social sharing options, streamlining the payment collection process.
Crypto Automation
We integrated OkLink’s API to automate the validation of crypto transactions, reducing manual effort and ensuring secure processing of USDT, USDC, and BTC transactions.
Flexible Gateway Management
A comprehensive admin panel was built to give administrators control over transaction fees, API URLs, and API keys, allowing for quick adaptation to new business needs or regulatory requirements.
Results
Unified Platform
Successfully integrated diverse payment methods into a cohesive and streamlined payment processing solution, improving user experience.
Multicurrency Support
Enabled efficient handling of transactions in multiple currencies, broadening the platform's appeal across global markets.
Increased Efficiency
Automated crypto transaction validation reduced processing times and improved accuracy.
Enhanced Control
Gateway owners gained advanced control through the admin panel, offering better management of payment processes.
Better User Experience
Secure inter-wallet transfers, payment requests with social sharing, and ready-to-use banking and crowdfunding services significantly improved usability and security.
Client Feedback
The client was impressed with the platform's flexibility and security, particularly appreciating the multicurrency support and automated crypto transaction validation.
They noted that the solution met all their requirements for integrating various payment methods and additional banking and crowdfunding features and were satisfied with the team's ability to deliver a scalable solution aligned with their business goals.
Ready to Get Started?
Are you looking to overcome performance challenges or ensure regulatory compliance in your financial platform? Tech Exactly specializes in building scalable, secure, and efficient solutions tailored to your business needs. Reach out to us today to learn how we can help drive your success.
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