Verify Bank Accounts and VPA/UPI Id using Zwitch APIs

One of the crucial elements of the onboarding process is account verification. Before any financial transaction takes place, you need to verify that a customer has a valid funding source. It would also be best to verify that the customer has sufficient funds for the related transaction and that the individual using the app is authorized to use them.

This needs to be done accurately (so that the customer’s account is confirmed) and securely (so sensitive information is kept confidential).

Zwitch’s Plug and Play integrated account number verification API helps you confirm bank account validity without exposing data to a third party. By accessing updated data, the risk of identity fraud and the possibility of having incorrect or incomplete data is reduced.

What you'll learn

• Why does Bank account verification matters?
• How to verify a bank account?
• How to verify a Virtual Payment Address and a UPI ID?

What you'll build

In this codelab, you'll learn how to verify a user’s/vendor’s bank account. You can verify the bank account, VPA/UPI ID in minutes so that it reduces your launch time and transaction time for your customers by giving you the best opportunity to build the customer base you need

What you'll need

Access to Zwitch Sandbox Dashboard (no credit card required, available for free in test mode)

Click ‘Manage Keys’ on the Launchpad to generate your test access and secret keys to perform this lab