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Brazil-based Celcoin launches automatic debit API

Wednesday 31 March 2021 14:53 CET | News

Fintech Celcoin, a company providing infrastructure for financial services, has announced the inclusion of automatic debit on their APIs package offering, according to Finsiders.

After six months of development, the new API is now available to the base of 140 institutions - digital banks, fintechs, brokers, telephone operators, retailers, among others - that use the startup's Open Finance platform. The user accesses the automatic debit function through the app or website of the institution in which he is a customer, selects the services he wants to leave on automatic debit and, after that, Celcoin validates the data and proceeds to sequence the entire scheduling process and effecting payments.

Automatic debit is now added to the other APIs offered by the fintech, such as bill payment, taxes, transfers via TED, Pix, cell phone recharges, withdrawals, and deposits in the Banco24Horas Network, among others. Recently, Celcoin also started to make Open Banking APIs available to institutions that want to access user data and, at the other end, for companies that need to open data within the scope of OB.


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Keywords: Open Banking, Open Finance, API, fintech
Categories: Banking & Fintech
Companies:
Countries: Brazil
This article is part of category

Banking & Fintech