Creating Virtual Accounts as a Wallet using Zwitch APIs
<p><span style="font-weight: 400;">Zwitch is an embedded finance platform that helps businesses create new avenues by embedding financial services in their products using our Banking APIs. You can embed different financial services such as digital banking & cards, lending, KYC, bank account verification, wallets, domestic & international payments and many more.</span></p> <p><span style="font-weight: 400;"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://json.commudle.com/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBb01XIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--6b044be1bc65b949c4f88ea360d56f492888802b/Screenshot%202021-08-10%20at%206.57.52%20PM.png" alt="" width="692" height="316" /></span></p> <p><span style="font-weight: 400;">This codelab gives you a hands-on walkthrough to create virtual accounts that can be used as interoperable wallets. You will use Zwitch APIs to create a virtual account with VPA handle on the fly and load money to this virtual account.</span></p> <h2><strong>What you'll learn</strong></h2> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">What are Virtual Accounts?</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">What is the Virtual Account Number (VAN) structure using Zwitch APIs?</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">What are the Virtual Account modes?</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">How to create a Virtual Account as a wallet?</span></li> </ul> <h2><strong>What you'll build</strong></h2> <p><span style="font-weight: 400;">In this codelab, you'll build a simple virtual account as a wallet. When you use a virtual account as a wallet, the customer can load the money to its virtual account via NEFT/RTGS/IMPS/UPI & use it to do transactions on the website. The merchants can use these wallets to transfer refunds to their customers instead of transferring them to their primary bank account.</span></p> <h2><strong>What you'll need</strong></h2> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Access to </span><a href="https://dashboard.zwitch.io/"><span style="font-weight: 400;">Zwitch Sandbox Dashboard</span></a><span style="font-weight: 400;"> (<span style="background-color: #fbeeb8;"><strong>no credit card required, available for free in test mode</strong></span>)</span></li> </ul> <p><img style="display: block; margin-left: auto; margin-right: auto;" src="https://json.commudle.com/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBc29XIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--77342f8ae5a56462b6f26c8d7c35c8cee6883f3a/Screenshot%202021-08-24%20at%2011.09.38%20AM.png" alt="" width="855" height="378" /></p> <ul> <li><span style="font-weight: 400;">Click ‘<strong>Manage Keys</strong>’ on the Launchpad to generate your test access and secret keys to perform this lab</span></li> </ul> <p><img src="https://json.commudle.com/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBbmtXIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--8227c7962e1b57ef48bac85fec3ed71f5f99f750/Screenshot%202021-08-09%20at%204.06.05%20PM.png" alt="" width="855" height="378" /></p>
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Creating Virtual Accounts as a Collection Tool using Zwitch APIs
<p><span style="font-weight: 400;">You can use Zwitch Virtual Account APIs to create a virtual account that can be used to collect money from your customers and is automatically transferred to your primary virtual account. Once the amount is collected in your primary virtual account, you can transfer the amount to your current bank account or savings account or even split the amount and make automated vendor payouts.</span></p> <p><span style="font-weight: 400;">This codelab gives you a hands-on walkthrough to create virtual accounts that can be used as a collection tool.</span></p> <h2><span style="font-weight: 400;">What you'll learn</span></h2> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">How to create Virtual Accounts for collecting recurring payments?</span></li> </ul> <h2><span style="font-weight: 400;">What you'll build</span></h2> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">In this codelab, you'll build a simple virtual account as a collection tool. </span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Customers can transfer money through NEFT/RTGS/IMPS/UPI to a virtual account number. </span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Zwitch then sends a webhook with the payment and remitter information to your configured webhook URL, notifying you about the incoming payment. </span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">All the amount collected will be accumulated in your primary virtual account number, and you can then transfer it to any bank account using our Transfers API.</span></li> </ul> <h2><span style="font-weight: 400;">What you'll need</span></h2> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Access to </span><a href="https://dashboard.zwitch.io/"><span style="font-weight: 400;">Zwitch Sandbox Dashboard</span></a><span style="font-weight: 400;"> (no credit card required, available for free in Sandbox mode)</span></li> </ul> <p><img src="https://json.commudle.com/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBc3NXIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--0962b09a1bd9f704c07da2949b86f38b3fedfa34/Screenshot%202021-08-24%20at%2011.09.38%20AM.png" alt="" width="855" height="378" /></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Click ‘Manage Keys’ to generate your test access and secret keys to test out this lab</span></li> </ul> <p><span style="font-weight: 400;"><img src="https://json.commudle.com/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBc3dXIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--4cfb649137979c3f6481b000644722cb240bd5a7/Screenshot%202021-08-09%20at%204.06.05%20PM.png" alt="" width="714" height="316" /></span></p>
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