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For online creators, monetizing content is increasingly complicated by a dense web of data privacy regulations like **General Data Protection Regulation (GDPR)** and **California Consumer Privacy Act (CCPA)**. Traditional revenue models, particularly advertising and subscriptions, often require the collection, storage, and protection of extensive user data, increasing the compliance burden and operational risk for creators.

This blog post explores how Web Monetization, implemented through a compliant-first platform wallet provider like Chimoney, offers a powerful alternative that reduces this compliance surface area through its **privacy by design** architecture. We will demonstrate how creators can access a new, global revenue stream while simultaneously enhancing their data privacy posture, turning a potential compliance liability into a competitive advantage.

## The Compliance Challenge of Traditional Monetization

Before exploring the solution, it's essential to understand the compliance challenges inherent in today's dominant revenue models.

- The Advertising Model: This model is fundamentally reliant on tracking user behavior across the web. To serve targeted ads, creators must deploy cookies and other tracking technologies, which requires them to manage complex consent banners and data processing agreements. This creates a significant compliance surface area and introduces privacy risks for users.


- The Subscription Model: When a creator offers a subscription, they typically become a "data controller" for their customers' **Personally Identifiable Information (PII)**. They are responsible for securely collecting and storing sensitive data such as names, emails, and payment information (like credit card details). This carries the significant overhead of managing customer records, implementing robust data security, and handling potential data breaches, all of which fall under strict regulatory scrutiny.

## Web Monetization's Privacy by Design Architecture
Web Monetization offers a fundamentally different approach that prioritizes user privacy and minimizes data collection for the creator.

### Anonymity as a Feature
The core principle of Web Monetization is that payments are anonymous to the receiver. When a supporter streams a payment, the creator's transaction history shows a "WebMo Deposit" originating from the supporter's non-personally identifiable wallet address. The creator does not receive the supporter's name, email, IP address, or any other PII that could be used to directly identify them.

![Web Mo 42.png](/uploads/Web_Mo_42_570f243b5f.png)

This directly aligns with the core data privacy principle of data minimization. The creator receives the value they need—the payment—without collecting or processing personal data that is unnecessary for the transaction, thereby reducing their regulatory responsibilities.

## The Role of a Regulated Provider: How Chimoney Manages Compliance
The privacy and anonymity of Web Monetization powered by Interledger protocol does not mean a lack of security or accountability. Instead, the compliance responsibilities are shifted to the regulated wallet providers who are equipped to handle them. This creates a crucial separation of concerns.

### Mandatory Identity Verification (KYC)
Before any user—whether a supporter or a creator—can send or receive funds using the Chimoney App, they must complete a mandatory **Know Your Customer (KYC)** identity verification process . This multi-step procedure involves:

1. Providing personal information like full name and country of residence.

![Web Mo 43 (1).png](/uploads/Web_Mo_43_1_6447914535.png)

2. Verifying a phone number via an OTP code.

![Web Mo 43.png](/uploads/Web_Mo_43_f1a2d3f77f.png)

3. Uploading a valid government-issued ID and taking a verification selfie holding the ID.

![WhatsApp Image 2025-10-10 at 00.32.36.jpeg](/uploads/Whats_App_Image_2025_10_10_at_00_32_36_2fa2947549.jpeg)

This robust, initial verification ensures that all participants in the ecosystem have been identified in accordance with global **Anti-Money Laundering (AML)** and financial compliance standards.

### The Separation of Concerns
This is where the model becomes so powerful for businesses. Chimoney, as the regulated financial entity, performs and manages the KYC/AML checks and maintains the secure link between a user's real-world identity and their digital wallet address.

The content creator, however, operates at a layer of abstraction above this. They are shielded from the need to conduct KYC on their thousands of potential supporters or to handle sensitive identity documents. Their role is simply to receive a payment from various verified supporters'. This structure allows the system to be both globally compliant and privacy-preserving. While the creator-supporter interaction is anonymous, the system remains auditable, and a regulated provider like Chimoney can comply with lawful requests from financial authorities.

### A Practical Comparison
| Compliance Task | Traditional Subscriptions | Web Monetization with Chimoney and Interledger |
|---|---|---|
| **User Data Stored by Creator** | Full Name, Email, Payment Info (PII) | None. Only a non-personally identifiable wallet address is seen in transaction logs. |
| **KYC/AML Responsibility** | Falls on the Creator and/or their Payment Processor. | Handled entirely by Chimoney as the regulated wallet provider for all users. |
| **Data Privacy Risk** | High. The creator is a data controller for sensitive user information. | Low. Data exposure is minimized, reducing the creator's role as a data controller for financial PII. |
| **Compliance Overhead** | High. Requires managing user consent, data security policies, and potential breach responses. | Low. The creator leverages Chimoney's existing compliant infrastructure to get paid. |


## Conclusion
Web Monetization powered by Chimoney and Interledger is more than just an innovative revenue model; it's a strategic choice for modern, privacy-conscious businesses. By separating the act of payment from the exchange of personal identity and shifting the compliance burden to a dedicated, regulated provider, creators can dramatically reduce their risk and operational overhead. This "privacy by design" approach allows creators to focus on what they do best creating valuable content while offering their audience a more private, secure, and seamless way to show their support.


For online creators, Web Monetization with Chimoney simplifies data privacy compliance. It reduces your risk by handling user verification (KYC/AML) and allows you to get paid without collecting sensitive user information like names or emails.

How Web Monetization with Chimoney Reduces Your Compliance Burden

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Financial institutions face growing pressure to modernize payment infrastructure amid rising demand for fast, low-cost cross-border transactions. They must balance legacy systems with modern demands for instant, cross-border settlements while maintaining security, compliance, and cost-effectiveness. The fragmentation of global payment systems has created a complex ecosystem where institutions struggle to provide seamless experiences across different currencies, jurisdictions, and payment rails.

This article explores how Chimoney's integration with the Interledger Protocol (ILP) offers financial institutions a solution to these challenges, providing a technical analysis of the architecture, implementation considerations, and strategic advantages of adopting this technology stack.

## The Current State of Payment Infrastructure

Traditional payment infrastructure within financial institutions typically consists of:

- **Core Banking Systems**: Often decades-old technology handling account management and ledger operations.
- **Payment Processors**: Specialized systems for handling various payment types (ACH, wire transfers, cards).
- **Correspondent Banking Networks**: Relationships facilitating cross-border transactions.
- **Settlement Systems**: Mechanisms for finalizing transactions between institutions.

These systems frequently operate in silos, leading to inefficiencies such as:

- Long settlement times (_T+1 to T+3, where "T" refers to the transaction date and the number indicates how many business days until settlement_) for many cross-border transactions.
- High operational costs from maintaining multiple integration points.
- Liquidity management challenges across different currencies and systems.
- Complex reconciliation processes.
- Limited visibility into end-to-end transaction status.

## The Interledger Protocol: Technical Foundation

The Interledger Protocol represents a paradigm shift in payment infrastructure design. At its core, ILP is:

- **A packet-switching protocol for money**: Similar to how IP routes data packets across networks, ILP routes payment packets across financial networks.
- **Network-agnostic**: Operates across any payment system, cryptocurrency, or fiat currency.
- **Connectionless**: Does not require persistent connections between participants.
- **Settlement-agnostic**: Works with any settlement method agreed upon by adjacent nodes.

### Key ILP Components

- **Connectors**: Network nodes that forward packets between different ledgers.
- **Packets**: Small units of value transferred with accompanying data.
- **STREAM Protocol**: Application layer protocol for sending money and data.
- **Payment Pointers**: Standardized payment addressing scheme (similar to email addresses for payments).
- **Open Payments**: API standard for initiating and receiving payments.

## Chimoney's Interledger Implementation

![Architecture Diagram.png](/uploads/Architecture_Diagram_0d3138e0c8.png)

Chimoney has implemented ILP, allowing financial institutions to integrate directly with Chimoney's endpoints without needing to build their own Interledger implementation. This dramatically simplifies adoption, reducing technical complexity and accelerating time-to-market.

Chimoney provides two powerful API endpoints that make Interledger integration seamless:

- **Issue Payment Pointers**: Financial institutions can integrate the Interledger Protocol into their platform without deploying Rafiki or their own node. This endpoint allows institutions to issue custom Payment Pointers to their users, enabling use cases such as Web Monetization, Open Payments, and cross-border transactions.

- **Pay with Payment Pointers**: This endpoint enables users to send and receive payments using Payment Pointers across different currencies and jurisdictions without requiring financial institutions to deploy their own Rafiki node. Institutions can build powerful payment capabilities using Chimoney's Interledger API.

_Checkout [this blog to learn more about the real-world use cases of the 'issue payment pointer' and 'transfer between payment pointers' endpoints.](https://chimoney.io/blogs/building-the-future-of-cross-border-remittances-with-chimoney-and-interledger/)_


These endpoints are supported by Chimoney's comprehensive Interledger implementation consisting of three major components, all fully operational and ready for financial institutions to connect with:


- **Chimoney Identity Provider (Consent Screen)**: Manages user authentication and consent flows for third parties interacting with Chimoney's Rafiki deployment via Open Payments.

- **Account Service (Chimoney's API Interledger Service)**: Acts as the bridge between Chimoney's systems and the Interledger Protocol, handling all the complex interactions with the ILP network.

- **Chimoney's Rafiki Deployment**: The core ILP infrastructure that handles the routing, packet switching, and settlement processes.

## Technical Implementation Considerations

### Integration Approach for Financial Institutions

Financial institutions can connect to Chimoney's Interledger-enabled services through these straightforward methods:

- **Issue Payment Pointers API**: Integrate this endpoint to issue custom Payment Pointers to users, enabling numerous use cases without any Interledger infrastructure requirements.

- **Pay with Payment Pointers API**: Implement this endpoint to allow users to send and receive payments across currencies and jurisdictions using Payment Pointers.

- **Peering Relationship**: For institutions with more advanced requirements, establish a peering connection with Chimoney.

The integration process is streamlined since financial institutions don't need to:

- Deploy their own Rafiki nodes.
- Build consent screens.
- Implement complex ILP packet handling.
- Manage the technical complexities of the Interledger Protocol.

### Flow of Funds
![Flow of Funds.png](/uploads/Flow_of_Funds_1b82ea4ba6.png)

Chimoney's implementation supports several key transaction flows, all accessible through their simple API endpoints:

- **Between Chimoney Issued Wallet Addresses**:
  - A user initiates a payout to a supported Interledger Wallet Address.
  - The funds flow through Chimoney's pre-built Interledger infrastructure.
  - All complex routing and settlement is handled automatically.
  
- **Chimoney to Peer / Peer to Chimoney**:
  - Transactions between Chimoney and its peers are denominated in USD.
  - Financial institutions can leverage this existing infrastructure rather than building their own.
  
- **Chimoney to Third Party App**:
  - Third parties can communicate with Chimoney's Interledger Infrastructure using Open Payments.
  - The entire consent flow and transaction processing is handled by Chimoney's components.

### Peering with Chimoney

For financial institutions that want to establish a direct peering relationship with Chimoney (rather than just using their API endpoints), the process is well-defined:

- Running an Interledger connector (e.g., Rafiki).
- Agreement on USD as the asset for the peering relationship.
- Communication of static ILP addresses.
- Exchange of connector endpoints and authentication tokens.

However, many institutions can benefit from Chimoney's Interledger capabilities without needing to establish a peering relationship, simply by integrating with their API endpoints.

## Strategic Advantages for Financial Institutions

Implementing Chimoney's ready-to-use Interledger solution provides financial institutions with several competitive advantages:

1. **Rapid Time-to-Market**:
  - Avoid the complexity of building their own ILP implementation.
  - Integrate Payment Pointers functionality in days or weeks, not months.
  - Focus resources on their core business rather than technical infrastructure.
  - Leverage Chimoney's expertise in Interledger technology.

2. **Reduced Settlement Risk and Costs**:
  - Benefit from Chimoney's pre-charge approach that minimizes settlement risk.
  - Take advantage of established event-driven processing.
  - Access optimized liquidity management across different corridors.
  - Reduce operational costs through streamlined integration.

3. **Enhanced Interoperability**:
  - Issue and accept Payment Pointers across different systems.
  - Access Chimoney's established network of peers.
  - Leverage Open Payments compatibility.
  - Future-proof their payment infrastructure.

4. **Improved Customer Experience**:
  - [**Web Monetization**](https://chimoney.io/blogs/introduction-to-web-monetization-on-chimoney/) for content creators.
  - Frictionless P2P payments.
  - Cross-border transactions without complexity.
  - Support for diverse use cases.

## Implementation Roadmap for Financial Institutions

Financial institutions looking to leverage Chimoney's Interledger capabilities should follow this streamlined approach:

### Phase 1: Assessment and Planning
- Identify specific use cases that would benefit from Payment Pointers functionality.
- Determine whether to implement Issue Payment Pointers, Pay with Payment Pointers, or both.
- Define success metrics and integration timeline.
- Engage with the [**Chimoney team**](https://chimoney.io/?book_a_demo=1) to access documentation and support.

### Phase 2: Integration
- Implement the necessary API connections to Chimoney's endpoints.
- Configure webhook handlers for event processing.
- Establish the appropriate authentication mechanisms.
- Test basic transaction flows in Chimoney's sandbox environment.

### Phase 3: Limited Production Deployment
- Process transactions for a limited user base.
- Monitor transaction flows and performance.
- Gather user feedback.
- Optimize integration as needed.

### Phase 4: Full-Scale Deployment
- Expand to additional use cases.
- Scale transaction volume.
- Develop new product offerings leveraging Payment Pointers.
- Consider establishing a peering relationship if transaction volumes warrant it.

## Sample Use Cases

Chimoney's ready-to-use Interledger infrastructure enables several powerful use cases for financial institutions:

- **[Web Monetization](https://chimoney.io/blogs/introduction-to-web-monetization-on-chimoney/)**: Provide seamless micropayments for content creators using Payment Pointers.

- **[Cross-Border Transactions](https://chimoney.io/blogs/building-the-future-of-cross-border-remittances-with-chimoney-and-interledger/)**: Facilitate seamless payments between international customers and vendors using Payment Pointers without currency conversion complexity.

- **Open Payments**: Enable real-time, low-cost transactions across different financial networks.

- **Frictionless P2P between Account Servicing Entities**: Provide customers with instant, low-cost peer-to-peer transactions.

## Conclusion

Chimoney’s Interledger integration provides financial institutions with a better way to modernize their payment infrastructure, enabling fast, low-cost, and interoperable transactions without the complexity of building from scratch. By leveraging Chimoney’s Issue Payment Pointers and Pay with Payment Pointers endpoints, institutions can enhance cross-border payments, improve liquidity management, and reduce operational overhead.

For financial institutions ready to embrace innovation, Chimoney’s ILP integration provides a scalable, cost-effective, and future-proof payment solution. Transform your payment infrastructure today—visit [**chimoney.io**](https://chimoney.io/?book_a_demo=1) to get started.


Discover how Chimoney’s Interledger Protocol (ILP) integration optimizes payment infrastructure for financial institutions. Learn about seamless cross-border transactions, reduced costs, and enhanced interoperability with Chimoney’s ready-to-use ILP solutions.

Optimizing Payment Infrastructure for Financial Institutions: A Technical Deep Dive into Chimoney's Interledger Integration

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In developed markets like the U.S. and Europe, consumers have already embraced digital wallets, contactless payments, and instant transfers. But for businesses with global ambitions, payments are anything but straightforward.

Every region has its own unique preferences—mobile wallets dominate in Africa, while account-to-account transactions are favored in parts of Asia and Europe. Managing these diverse payment systems means juggling multiple integrations, navigating complex currency conversions, and ensuring compliance with ever-changing regulations. The result? A logistical nightmare that can slow expansion and increase costs.

[Chimoney’s Interledger-enabled](https://chimoney.io/blogs/building-the-future-of-cross-border-remittances-with-chimoney-and-interledger/) services simplify this challenge. By providing a unified platform for seamless cross-border transactions, Chimoney removes the friction of entering new markets. Businesses can integrate once and gain access to a global payments network, making international expansion faster, easier, and more efficient.

## The Cross-Border Payment Challenge for Expanding Businesses
Different regions exhibit distinct payment preferences, which can vary significantly from one market to another. For instance, some markets favor OEM wallets like Apple Pay and Google Pay, while others rely heavily on retailer-specific payment apps. Many regions have adopted local payment solutions built on account-to-account rails, and global technology wallets like PayPal dominate in certain areas.

This fragmentation poses significant barriers to entry for businesses seeking to expand globally. Managing multiple payment integrations, handling currency conversions, adhering to diverse compliance requirements, and navigating settlement processes across different markets can be overwhelming. The complexity of these tasks not only increases operational costs but also demands substantial resources to ensure seamless transactions. Furthermore, the need to comply with varying regulatory frameworks and manage risks such as fraud and security breaches adds to the challenge, making it essential for businesses to find innovative solutions to streamline cross-border payments effectively.

## Chimoney's Interledger-Enabled Solutions for Global Expansion
Chimoney has integrated with ILP to provide Interledger-enabled services specifically designed to solve these challenges. By leveraging the Interledger Protocol—an open, neutral standard for cross-border payments—Chimoney provides businesses with a single integration point that connects to multiple payment ecosystems worldwide.
Chimoney’s Interledger-enabled services include:

### Issue Payment Pointers
Businesses can integrate the Interledger Protocol into their platform without deploying Rafiki or their own node. With Chimoney, companies can issue custom Payment Pointers to their users, enabling use cases such as:

- **Web Monetization** – Providing seamless micropayments for content creators. [Learn more here](https://chimoney.io/blogs/introduction-to-web-monetization-on-chimoney/)

- **Open Payments** – Enabling real-time, low-cost transactions across different financial networks.

- **Cross-Border Transactions** – Facilitating seamless payments between international customers and vendors.

### Pay with Payment Pointers
Businesses can allow users to send and receive payments across different currencies and jurisdictions using Payment Pointers without deploying their own Rafiki node. This simplifies global transactions by:

- Reducing currency conversion complexity since payments are automatically routed using Interledger.

- Improving transaction speed as payments settle faster with optimized routing.

- Expanding financial inclusion by enabling cross-border payments in underbanked regions.

## Strategic Ways to Use Chimoney for Market Expansion
Chimoney's Interledger-enabled services offer businesses a platform to expand into new markets by simplifying cross-border payments and enhancing financial inclusion. Here are strategic ways businesses can leverage Chimoney for market expansion:

### 1. Cross-Border Payments

Use Case: Facilitate transactions between international customers and vendors by leveraging [Interledger Payment Pointers](https://chimoney.io/blogs/building-the-future-of-cross-border-remittances-with-chimoney-and-interledger/).

Benefits: Reduces currency conversion complexity, improves transaction speed, and expands financial inclusion in underbanked regions.

### 2. Enable Web Monetization

Use Case: Provide [micropayments for content creators](https://chimoney.io/blogs/introduction-to-web-monetization-on-chimoney/), allowing real-time compensation for digital content.

Benefits: Enhances engagement and transparency by rewarding users instantly for their contributions.

### 3. Simplify Payment Integration

Use Case: Integrate [Chimoney's Interledger-enabled endpoints](https://chimoney.io/api-use-cases/?activeCategory=4) to connect to multiple payment ecosystems worldwide with a single integration point.

Benefits: Reduces the complexity of managing multiple payment integrations, currency conversions, and compliance requirements.

### 4. Expand into Underbanked Regions

Use Case: Utilize Chimoney's [multi-currency wallets](https://chimoney.io/multi-currency-wallets/) to enable consumers without bank accounts to send and receive money globally.

Benefits: Bypasses significant bank fees and exchange rates, making cross-border payments more cost-effective.

### 5. Optimize Payment Routing and Settlement

Use Case: Fine-tune routing and settlement preferences to optimize payment flows across target markets.

Benefits: Ensures faster settlement times and reduced transaction costs by optimizing payment routes.

### 6. Gradual Market Rollout

Use Case: Gradually roll out services to new markets with Chimoney's support, ensuring smooth expansion.

Benefits: Allows businesses to test and refine their payment strategies in new markets before full-scale deployment.

## Getting Started with Chimoney's Interledger-Enabled Services
Businesses ready to leverage Chimoney for international expansion can follow this process:

- **Assessment**: [Chimoney's team](https://chimoney.io/?book_a_demo=1) evaluates your current payment needs and international expansion goals
- **Integration**: Implementation of [Chimoney's Interledger-enabled API](https://chimoney.io/api-use-cases/?activeCategory=4) with your existing systems
- **Testing**: Validation of payment flows across your target markets
- **Optimization**: Fine-tuning of routing and settlement preferences
- **Expansion**: Gradual rollout to new markets with Chimoney's support

_For developers who want to dive into the technical setup, you can learn more on [**A Developer's Guide to Enabling ILP Payments with Chimoney**](https://chimoney.io/blogs/a-developer-s-guide-to-enabling-ilp-payments-with-chimoney/)._

## Conclusion

As digital payments continue developing beyond simple checkout options, Chimoney's Interledger-enabled services provide the technical foundation businesses need to navigate this complexity across global markets.

Through Chimoney, even mid-sized businesses can now access enterprise-grade payment infrastructure that was previously available only to multinational corporations, democratizing access to global markets and creating new opportunities for expansion.
Ready to simplify global payments and expand your business effortlessly?
Chimoney's Interledger-enabled services provide the infrastructure you need to enter new markets, streamline transactions, and reduce payment complexities.
Visit [**chimoney.io**](https://chimoney.io) to learn more or [**book a meeting**](https://chimoney.io/?book_a_demo=1) with our team to discuss how Chimoney can support your business.



Expand into global markets with Chimoney’s Interledger-enabled services. Simplify cross-border payments, reduce costs, and enhance financial inclusion with seamless integration and real-time transactions. Discover how Chimoney can help your business grow globally.

How Businesses Can Use Chimoney's Interledger-Enabled Services to Expand into New Markets

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Micropayments, transactions typically valued under $5, have long been a challenge for the digital economy. Traditional payment systems were designed for larger transactions, with fees that often make small-value payments economically unfeasible. However, with Interledger and Chimoney, businesses can now fully leverage the full potential of small-value transactions, enabling new revenue models and ideal global payments.

## Why Traditional Micropayments Haven't Worked

While digital payments are now mainstream—90% of consumers in the U.S. and Europe have made digital transactions in the past year (McKinsey’s Digital Payments Survey)—the infrastructure for micropayments has lagged behind. Here’s why:

- **High Transaction Costs**: Most payment processors charge a fixed fee + a percentage of the transaction value. For small payments, these fees can eat up 20-30% or more of the transaction amount, making micropayments financially unviable.

- **Settlement Delays**: Many payment systems process transactions in batches, resulting in delays of 24-72 hours before funds are available. For real-time micropayment use cases, this timing gap creates significant operational challenges.

- **Technical Limitations**: Legacy payment networks weren't designed to handle high volumes of tiny transactions, creating scalability issues for micropayment-based business models.

- **Cross-Border Friction**: International micropayments face high fees, unfavorable exchange rates, and compliance challenges, limiting global adoption.

## Accept Global Micropayments with Interledger and Chimoney
Chimoney provides one of the most comprehensive implementations of Interledger Protocol, enabling businesses to accept micropayments worldwide through a single payment solution. Offering customers a checkout experience that supports tiny transactions in their local currency can be the difference between abandonment and completion of digital microtransactions.

Interledger Protocol serves as the underlying technology that makes efficient micropayments possible by:

- **Connecting Different Payment Networks**: Interledger functions as a protocol for routing payments across any two ledgers or payment networks, similar to how the internet protocol routes data packets.

- **Packet-Switching for Money**: By breaking payments into small packets that can be routed independently, Interledger dramatically reduces the cost and increases the speed of transactions.

- **Conditional Transfers**: Using cryptographic holds, Interledger ensures that funds move securely between parties without requiring trust between intermediaries.

Chimoney builds upon these capabilities to provide businesses with accessible tools for implementing micropayment solutions, including a checkout service with Interledger as an option and Web Monetization integration.

## Web Monetization: Micropayments for Content Creators
Chimoney has integrated web monetization powered by Interledger, allowing content creators and users to earn directly from the web. This implementation represents a significant advancement in micropayment technology for content creators, bloggers, and digital artists.

## Drive Conversions by Implementing Micropayment Solutions

Offering customers the ability to make small purchases increases engagement and builds new revenue streams. With diverse payment preferences around the world, businesses also need a global micropayment solution that works across currencies and payment methods.

With Interledger's universal protocol and Chimoney's implementation expertise, launching micropayment capabilities is faster and more accessible than ever before. 

### Option 1: Accept Micropayments via Chimoney Checkout

You can implement Chimoney’s Checkout service by:
- Integrating the ‘[Initiate Payment](https://chimoney.readme.io/reference/post_v0-2-4-payment-initiate) endpoint into your product or service:
- The endpoint will generate a payment link for the user.
- The payment link will include various payment options, including Interledger.
- This allows the user to make payments via Interledger seamlessly.

### Option 2: Set Up Web Monetization with Chimoney
You can get started with web monetization on Chimoney by following these steps:

- Create a [Chimoney Account](https://dash.chimoney.io/) 
- Obtain a Payment Pointer by logging into the Chimoney Dashboard.
- Click "Create Interledger Wallet Address" to generate your Payment Pointer.
- Install the latest version (≥ 0.3.0) from the Chimoney Web Monetization page [here](https://chromewebstore.google.com/detail/web-monetization-extensio/oiabcfomehhigdepbbclppomkhlknpii)
- Enter Your Interledger Wallet Address
- Copy and paste your Payment Pointer into the WebMo extension.
- Follow the on-screen instructions to complete the setup.

## Additional Benefits and Considerations when Implementing Micropayments
When integrating micropayment capabilities through Interledger and Chimoney, these are some of the additional advantages businesses can realize:

- **New Business Models**: Micropayments enable innovative approaches like pay-per-use, incremental content access, and granular service tiers that weren't previously possible.

- **Global Reach**: With Interledger's universal connectivity and Chimoney's implementation, businesses can accept micropayments from customers worldwide without establishing banking relationships in each country.

- **Reduced Fraud Risk**: The packet-switching nature of Interledger reduces exposure to fraud by limiting the amount at risk in any single transaction.

- **Instant Settlement**: Unlike traditional payment systems, Interledger-powered solutions provide near-real-time settlement, enabling time-sensitive micropayment applications.

## Conclusion

Micropayments represent one of the most promising frontiers for business innovation. By removing the economic and technical barriers to small-value transactions, Interledger and Chimoney are enabling entirely new business models and revenue streams that simply weren't possible in the traditional payment ecosystem.

Want to explore new revenue streams with micropayments? Sign up for [Chimoney](https://chimoney.io/?book_a_demo=1) and integrate Interledger-powered payments today.




Learn how Interledger and Chimoney are changing micropayments. Their tools make small payments fast, cheap, and easy, helping businesses and creators earn more.

Interledger and Chimoney’s Impact on Micropayments in the Digital Economy

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# Introduction

The rise of digital finance has revolutionized global payments, enabling seamless transactions across borders. However, this rapid growth has also introduced new risks such as money laundering, fraud, and financial crimes that regulators seek to mitigate. **Anti-Money Laundering (AML)** and **Know Your Customer (KYC)** regulations are at the core of financial compliance, ensuring that fintech companies operate securely while preventing illicit activities.

At Chimoney, compliance is embedded in our operations. As we expand our footprint globally, including in Canada, we remain committed to maintaining robust AML and KYC frameworks that align with Canadian regulatory standards under the **Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)** and oversight by the **Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)**.

# Understanding AML and KYC in the Canadian Fintech Ecosystem

## What is Anti-Money Laundering (AML)?
AML regulations are designed to prevent financial institutions and payment companies from being used to launder illicit funds or finance criminal activities. These laws require fintech companies like Chimoney to:

- Monitor and report suspicious transactions.
- Conduct due diligence on customers and businesses.
- Implement strong internal controls to prevent money laundering.

In Canada, AML laws are primarily enforced under the **PCMLTFA**, with oversight from **FINTRAC**.

## What is Know Your Customer (KYC)?

KYC is a subset of AML that requires financial institutions to verify customer identities before they can access financial services. This ensures that fintechs like Chimoney:

- Verify users' identities using government-issued documents.
- Assess the risk level of customers and monitor transactions.
- Prevent fraud by ensuring only legitimate individuals and businesses access financial services.

Under Canada’s AML regime, KYC is mandatory for businesses engaging in financial transactions, including those categorized as **Money Services Businesses (MSBs)**.

# Key AML & KYC Regulations in Canada

## 1. The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)

The PCMLTFA is Canada’s primary AML law, requiring fintechs like Chimoney to:
- Register with FINTRAC as a Money Services Business (MSB).
- Conduct customer due diligence (CDD) to verify customer identities.
- Monitor and report suspicious transactions that could be linked to money laundering.
- Implement record-keeping requirements for transactions over CAD $10,000.

## 2. FINTRAC (Financial Transactions and Reports Analysis Centre of Canada)

As Canada’s financial intelligence unit, FINTRAC oversees AML compliance and requires fintech companies to:

- Submit Suspicious Transaction Reports (STRs) when identifying potential money laundering activities.
- Submit Large Cash Transaction Reports (LCTRs) for transactions over CAD $10,000.
- Develop AML compliance programs, including employee training and internal risk assessments.

## 3. The Retail Payment Activities Act (RPAA) and AML Compliance

Under the Retail Payment Activities Act (RPAA), which Chimoney has completed registration for, specifies that payment service providers must meet AML/KYC obligations similar to those of banks, ensuring all users and transactions comply with Canada’s financial security standards.

# How Chimoney Ensures AML & KYC Compliance in Canada

At Chimoney, we have implemented a comprehensive AML & KYC framework to comply with FINTRAC and RPAA requirements while providing a secure and seamless payment experience.

## 1. Customer Verification and KYC Procedures

![Chimoney KYC process](/uploads/image_9_9eb76a2bfa.png)

- Identity Verification: We require customers to submit valid government-issued IDs (e.g., Canadian passports, driver’s licenses).

- Automated Document Checks: Our system cross-verifies ID documents using the automated KYC technology.
- Address Verification: Users may need to submit proof of address (utility bill, bank statement) for additional security.
- Enhanced Due Diligence (EDD): High-risk users undergo deeper background checks before account approval.

## 2. Transaction Monitoring & Fraud Detection
![Chimoney Transaction Monitoring tools](/uploads/image_10_f478f5fe5f.png)

- Risk Assessment: Our system analyzes transactions in real time to detect unusual patterns.
- Suspicious Activity Reporting: We report flagged transactions to FINTRAC as required by Canadian law.
- Geofencing & IP Monitoring: We block high-risk jurisdictions from accessing our platform.
- Blacklist & Watchlist Screening: We screen users against global sanctions lists (OFAC, Interpol, etc.).

## 3. Secure Business and Merchant Onboarding

![Chimoney Know Your Business (KYB) process](/uploads/image_11_45391d7d5a.png)

**Business KYB (Know Your Business)**: All corporate clients must provide:
- Business registration details.
- Beneficial ownership information.
- Proof of compliance with AML/KYC regulations: Each merchant is assigned a risk level based on industry, location, and transaction volume.

We continuously review our merchant accounts to ensure compliance.

# The Future of AML & KYC Compliance in Canadian Fintech

Regulations are evolving, and Chimoney is proactively adapting to ensure full compliance. Some trends shaping the future of AML & KYC in Canada include:

- Open Banking Regulations: Expected to bring stricter data-sharing and fraud prevention standards.
- Real-Time Transaction Monitoring: Regulators may require fintechs to enhance AI-driven fraud detection.
- Increased Cross-Border Scrutiny: With globalization, AML enforcement agencies are focusing on multi-country compliance frameworks.

Chimoney is at the forefront of these changes, ensuring that we remain compliant while delivering seamless global payouts and collections.

# Conclusion

AML and KYC compliance are non-negotiable for fintechs operating in Canada. With growing regulations under PCMLTFA, FINTRAC, and RPAA, Chimoney is committed to staying ahead by implementing cutting-edge compliance technologies and ensuring that all transactions are secure, compliant, and fraud-free.

At Chimoney, compliance is more than just a requirement. It’s our promise to users, businesses, and regulators. By adhering to Canada’s AML & KYC regulations, we continue to build a trusted, secure, and compliant payment ecosystem for all.

Stay updated with Chimoney’s compliance journey by following our blog and [LinkedIn ](https://www.linkedin.com/company/chimoney/?viewAsMember=true)updates!


As financial regulations evolve, Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance have become essential pillars in the fintech industry. In this blog post, I explore how AML and KYC regulations shape the modern fintech landscape, particularly within the Canadian ecosystem under the Retail Payment Activities Act (RPAA). I also highlight Chimoney’s approach to ensuring compliance, from robust identity verification processes to transaction monitoring, reinforcing trust, security, and regulatory adherence. Learn how fintech companies can navigate these requirements while fostering innovation and financial inclusion.

The Role of AML and KYC in Modern Fintech: Chimoney’s Approach to Compliance

large_Payment API 103 Automating Invoices with Chimoney's AI Invoice Data Generator.png

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Payment API 103 Automating Invoices with Chimoney's AI Invoice Data Generator.png

## Introduction

Billing and monetization are key factors that can determine the business success of AI platforms. The challenge lies in finding a pricing model that is scalable, easy for customers to understand, and simple for engineers to implement. One standout model that has gained popularity in AI services and SaaS businesses is the credit-based system. This article will explain how to create a credit-based pricing system tailored for AI platforms and organizers, examining different approaches and showing how to build this system using [**Chimoney**](https://chimoney.io/).

A credit-based model offers flexibility and simplicity, making it suitable for various applications, including AI-driven SaaS, collaborative platforms with human and AI contributors, AI agent marketplaces, or products that charge based on task usage. This approach benefits both your company and your customers by providing a clear and manageable pricing structure.

_This guide includes detailed, practical examples to help you implement this system so let's dive in!_

___

## What Is a Credit-Based Pricing Model?
A credit-based pricing model allows users to pre-purchase units (credits) that they can use for various services or tasks on your platform. Unlike traditional pay-per-use models, this approach offers flexibility for users to buy credits in bulk, use them as needed, and manage costs more effectively. It also provides a clear, predictable revenue stream for businesses.

### Why Is It Ideal for AI Platforms?
AI platforms, whether for automation, data processing, or collaborative work, often perform tasks with variable complexity and cost. Charging per task directly can be complicated, as tasks might have different levels of AI involvement and resource consumption. 
With a credit-based model:

- Users know exactly how many credits a task costs before committing.
- Credits can be scaled to represent any unit of value, such as the complexity or type of AI service being used.
- Bulk credit purchases incentivize higher spending and user commitment.

___

### Options for Implementing a Credit-Based Model
Before diving into the specifics, let’s explore the different options for implementing a credit system:
1. **Native Accounting System:** Build your own internal system to track user credits.
- **Pros**: Full control over credit logic, expiration, and special features.
- **Cons**: Complex, time-consuming, and requires strict security measures.
2. **Third-Party Payment Processors:** Use systems like Stripe to handle payments and credit purchases.
 - **Pros**: Good for one-time credit purchases with seamless checkout experiences.
 - **Cons**: Might require custom tracking systems to manage credits after purchase.
3. **Chimoney for [Multi-Currency Wallet](https://chimoney.io/multi-currency-wallets/) and Credit Management:** Use Chimoney’s API to leverage multi-currency wallets and transaction metadata to manage credits securely.
- **Pros**: Simplifies the process, integrates with existing wallet infrastructure, and provides robust tracking and audit capabilities.
- **Cons**: Limited to Chimoney’s transaction and metadata management capabilities.

While a native system gives you full control, it comes with heavy development overhead. Third-party processors like Stripe are great for payment handling but fall short on integrated credit tracking. Chimoney strikes a balance by allowing you to handle credit purchases and tracking through its multi-currency wallet and metadata features.
___

## Step-by-Step Guide to Building a Credit-Based Pricing System with Chimoney

### Step 1: Understanding Chimoney’s Capabilities
Chimoney offers a [**powerful API**](https://chimoney.io/developers-api/) for managing wallets and multi-currency transactions, making it an excellent choice for building a credit-based system without heavy custom development. Here’s what you can use:

- **Wallets**: Each user can have a wallet to hold balances.
- **Transactions**: Securely handle deposits, withdrawals, and metadata.
- **Metadata**: Attach custom data to transactions for tracking credits.

_For more details, refer to the_ [_Chimoney API Documentation_](https://chimoney.readme.io/reference/introduction)

___
### Step 2: Setting Up User Wallets and Managing Credits

**1. Create a User Wallet**

Each user or business will need a Chimoney wallet for credit purchases. [**Chimoney’s Multicurrency Wallet**](https://chimoney.io/multi-currency-wallets/) allows users to hold value and transact in multiple currencies. Credits purchased by users will not be held as traditional currency but represented through transaction metadata.

**Code Example: Issue a Multi-currency Wallet**

_Checkout the Create Multi-currency Wallet endpoint on Chimoney API Docs_ [_here_](https://chimoney.readme.io/reference/post_v0-2-multicurrency-wallets-create)

![carbon (4).png](/uploads/carbon_4_464564334d.png)

**2. Purchase Credits:** 

Credits can be bought in two ways:
- **Directly Debit User Wallets**: Deduct USD balances and track the transaction via metadata.

- **Initiate a Payment Request**: Allow users to pay via cards, Interac, or Mobile Money, with the amount settling in your Chimoney account.


**Code Example: Initiate a Payment Request**

_Checkout the Initiate Payment Request endpoint on Chimoney API Docs_ [_here_](https://chimoney.readme.io/reference/post_v0-2-payment-initiate-1)

![carbon (5).png](/uploads/carbon_5_d286c66f97.png)


**3. Direct Transfer from their Wallet to your Wallet**

Another option is to facilitate a direct Transfer of funds from their Wallet to your Wallet.

**Code Example: Direct Debit to the Platform Wallet**

![carbon (6).png](/uploads/carbon_6_56595d4e88.png)

The example you chose above depends on several factors:
1. If your platform allows users to earn money or rewards to their Chimoney Wallet, then they should be able to convert this to AI credits.
2. If you want to give users the flexibility to pay for Credit using multiple options including local currency, payment rails like Interac and alternative payment methods like Mobile Money.

___
### Step 3: Tracking and Deducting Credits

**Credit Structure** 

To manage credits, mantain a credit ledger in your system with entries referencing Chimoney transaction IDs and tracking `creditsPurchased` and `creditUsed`.

**Code Example: Credit Entry**

![carbon (7).png](/uploads/carbon_7_681a3602ea.png)


**Deducting Credits (LIFO Approach)** 

When users spend credits, use the "Last In, First Out" (LIFO) approach; start deducting from the most recent credit purchase. This ensures newer credits, which customers often expect to use first, are consumed before older ones.

**Code Example: Deduct Credit**

![carbon (8).png](/uploads/carbon_8_426d05e78b.png)
___

### Step 4: Implementing Top-Ups and Balance Management
**Top-Up Workflow:**
1. The client initiates a top-up request.
2. The corresponding amount is deducted from their Chimoney wallet.
3. A new record is created in the credit ledger to track the transaction.

**API for Adding Credit Entries**

This process updates the user’s balance by logging the credits purchased into the system. The credit ledger is updated with a new entry, associating the transaction ID with the credits purchased.

**Code Example: Top-up credit**

![carbon (9).png](/uploads/carbon_9_5af535b92c.png)
___
### Step 5: Displaying Credit Balance to Users
To show users their credit balance, follow these two steps:

**1. Calculate the Total Remaining Credits**

For each credit entry, subtract `creditsUsed` from `creditsPurchased` and sum up all the remaining credits across entries to get the total.

**Code Example: Calculate Credit Balance**


![carbon (10).png](/uploads/carbon_10_b96d8004fe.png)

**2. Create an Endpoint to Display Credit Balance**


Use an API endpoint to fetch the calculated credit balance for a specific user and respond with the user's available credits.

**Code Example: Credit Balance Endpoint**

![carbon (11).png](/uploads/carbon_11_ea080e6a7c.png)
___
### Step 6: Ensuring Security and Auditability

To maintain a secure and reliable credit system, follow these practices:

**1. Maintain an Audit Trail:**
- Use Chimoney’s [chiRef](https://chimoney.readme.io/reference/knowing-the-api#chiref) in your `CreditEntry` to tie credit purchases to secure transactions.
- Regularly reconcile credit entries with Chimoney’s transaction logs for consistency.

**2. Ensure Data Integrity:**
- Implement atomic updates to ensure that `creditsUsed` changes are safe and conflict-free.

**3. Integrate Real-time Webhooks:**
- Set up webhooks to handle real-time updates when payments are made, ensuring your credit ledger stays up-to-date.
- Chimoney offers [**Webhooks**](https://chimoney.readme.io/reference/webhooks-and-events) to notify you of transaction states.

**Code Example: Monitor Chimoney Webhooks**

![carbon (12).png](/uploads/carbon_12_ebe25cca81.png)
___
### Comparing Chimoney to Other Credit Management Approaches

When deciding on a credit management solution, here’s how Chimoney stacks up against other common approaches:


**1. Building a Native System:**
- **Pros**: Full control over the system, allowing you to define custom rules and workflows.
- **Cons**: Complex to build, high maintenance, security risks.

**2. Using Third-Party Payment Processors:**
- **Pros**: Great for handling payments, limited credit management capabilities.
- **Cons**: Often requires custom solutions for credit tracking.

**3. Chimoney-Based Approach:**
- **Pros**: Simplifies credit handling with wallet management, secure transactions, and metadata capabilities. Easy integration for auditing and tracking.
- **Cons**: Dependent on Chimoney’s services, but highly reliable for businesses.
___
## Conclusion
Building a credit-based pricing system for your AI platform doesn’t have to be daunting. By leveraging [**Chimoney’s multi-currency wallet infrastructure**](https://chimoney.io/multi-currency-wallets/), you can implement a secure, scalable, and easy-to-manage credit system without building everything from scratch. The key is understanding how to integrate Chimoney’s transaction metadata and wallet management to track credit purchases and deductions seamlessly.

For platforms monetizing task-based AI services, collaborative AI-human interactions, or SaaS products that benefit from flexible billing structures, this guide and Chimoney’s integration steps provide a solid foundation to create a robust solution that scales with your business.

Ready to build your credit-based pricing system with Chimoney? Check out the [**Chimoney API documentation**](https://chimoney.readme.io/reference/introduction) or [**book a demo**](https://chimoney.io/?book_a_demo=1) with us to get started today!

___
## Appendix: Code Snippets
Below are the code snippets referenced in this guide. You can copy them directly into your implementation.

**Code Example: Issue them a Multi-currency Wallet**
````
const fetch = require('node-fetch');
const chimoneyAPIBase = 'https://api-v2-sandbox.chimoney.io/v0.2'; // Sandbox
const chimoneyAPISecret = process.env.CHIMONEY_API_SECRET;

try {
  const url = `${chimoneyAPIBase}/multicurrency-wallets/create`;
  const options = {
    method: 'POST',
    headers: {
      accept: 'application/json',
      'content-type': 'application/json',
      'X-API-KEY': chimoneyAPISecret,
    },
    body: JSON.stringify({
      name: 'Jane AI Doe',
    }),
  };

  const response = await fetch(url, options);
  const json = await response.json();
  console.log(json);
} catch (error) {
  console.error('error:', error);
}
````


**Code Example: Initiate a Payment Request**

```
const fetch = require('node-fetch');
const chimoneyAPIBase = 'https://api-v2-sandbox.chimoney.io/v0.2'; // Sandbox
const chimoneyAPISecret = process.env.CHIMONEY_API_SECRET;

try {
  const url = `${chimoneyAPIBase}/payment/initiate`;
  const options = {
    method: 'POST',
    headers: {
      accept: 'application/json',
      'content-type': 'application/json',
      'X-API-KEY': chimoneyAPISecret,
    },
    body: JSON.stringify({
      amount: 'AMOUNT_YOU_CHARGE_FOR_N_NUMBER_OF_CREDITS', // decided by your pricing plan
      currency,
      payerEmail,
      redirect_url,
      meta: {
        orulyType: 'credit_purchase',
        userId: 'your_platform_user_id',
        credits: 'NUMBER_OF_CREDITS_TO_PURCHASE',
      },
    }),
  };

  const response = await fetch(url, options);
  const json = await response.json();
  console.log(json);
} catch (error) {
  console.error('error:', error);
}
````

**Code Example: Direct Debit their Platform Wallet**

````
const chimoneyAPIBase = "https://api-v2-sandbox.chimoney.io/v0.2"; // Sandbox
const chimoneyAPISecret = process.env.CHIMONEY_API_SECRET;

try {
  const url = `${chimoneyAPIBase}/payment/initiate`;
  const options = {
    method: "POST",
    headers: {
      accept: "application/json",
      "content-type": "application/json",
      "X-API-KEY": chimoneyAPISecret,
    },
    body: JSON.stringify({
      subAccount: "THE_USERS_MULTICURRENCY_ACCOUNT_ID",
      amountToSend: "10",
      originCurrency: "USD",
      receiver: "YOUR_CHIMONEY_ACCOUNT_EMAIL",
      destinationCurrency: "USD",
      narration: "AI Credit purchase",
      meta: {
        orulyType: "credit_purchase",
        userId: "your_platform_user_id",
        credits: "NUMBER_OF_CREDITS_TO_PURCHASE",
      },
    }),
  };

  const response = await fetch(url, options);
  const json = await response.json();
  console.log(json);
} catch (error) {
  console.error("error:", error);
}const fetch = require("node-fetch");
````

**Code Example: Credit Entry**
````
interface CreditEntry {
  transactionId: string;
  creditsPurchased: number;
  creditsUsed: number;
}

let userCredits: CreditEntry[] = [];
````
**Code Example: Deduct Credit**

````
function deductCredits(
  userCredits: CreditEntry[],
  creditsToDeduct: number
): boolean {
  let remainingCredits = creditsToDeduct;

  for (let i = userCredits.length - 1; i >= 0 && remainingCredits > 0; i--) {
    const entry = userCredits[i];
    const availableCredits = entry.creditsPurchased - entry.creditsUsed;

    if (availableCredits > 0) {
      const creditsUsed = Math.min(availableCredits, remainingCredits);
      entry.creditsUsed += creditsUsed;
      remainingCredits -= creditsUsed;
    }
  }

  return remainingCredits === 0;
}
````
**Code Example: Top-up credit**

````
function addCreditEntry(
  userCredits: CreditEntry[],
  transactionId: string,
  creditsPurchased: number
) {
  userCredits.push({ transactionId, creditsPurchased, creditsUsed: 0 });
}
````
**Code Example: Calculate Credit Balance**

````
function calculateTotalCredits(userCredits: CreditEntry[]): number {
  return userCredits.reduce((total, entry) => {
    return total + Math.max(0, entry.creditsPurchased - entry.creditsUsed);
  }, 0);
  ````
**Code Example: Credit Balance Endpoint**
````
app.get('/api/user/credits', (req, res) => {
  const userId = req.query.userId;
  const credits = calculateTotalCredits(getUserCredits(userId));
  res.json({ availableCredits: credits });
});
````

**Code Example: Monitor Chimoney Webhooks**

````
app.post('/webhook/credits', (req, res) => {
  const { transactionId, creditsPurchased } = req.body;
  addCreditEntry(getUserCredits(req.userId), transactionId, creditsPurchased);
  res.sendStatus(200);
});
}
````





Lear how to monetize your AI business with a credit-based pricing system using Chimoney. This comprehensive guide explores the benefits of credit models for AI platforms, offering step-by-step implementation strategies and practical examples to enhance billing and customer experience. 

Building Credit-Based Pricing Systems for AI Platforms: How to Monetize Your AI Business with Step-by-Step Implementation Using Chimoney

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We are excited to share the latest updates from August 2024! Here’s a summary of the improvements, and bug fixes we’ve released, all made with our users in mind:

## Improvements
**Chimoney Web App Dashboard Updates**

We’ve made significant enhancements to the Chimoney web app dashboard for a more intuitive experience:

1. **Reorganized Navigation & UI:** The dashboard is now divided into four main sections: Dashboard, Payments, Developers & API, and Identity Management for easier access to key features.
![Bulk pay.png](/uploads/Bulk_pay_4d3bd622ee.png)

2. **New Pages in the Dashboard Section:**

 - **Dashboard Page:** Send payouts globally and manage multi-currency wallets.

 - **Transactions Page:** View and filter all transactions, with a new option to download statements.

- **Organizations Page:** Create organizations and add team members for collaboration.

- **Transaction Insights Page:** Access analytics, key metrics, trend analysis, and redemption tracking.
![Insights.png](/uploads/Insights_665e727baf.png)

3. **Payments Section Updates:** All payment-related features are now consolidated into a single section with new pages like Bulk Pay, Groups, Quick Pay, Collections, and Payables to streamline your payment operations.
![Pay.png](/uploads/Pay_ebbdbbd9a2.png)
4. **Dedicated Developers & API Section:** New pages for API Credentials and Webhooks to give developers better control over their API integrations and webhook management.
![Dev.png](/uploads/Dev_7cd8e0e7a7.png)

Explore these updates by logging into your Chimoney account at [**dash.chimoney.io**](http://dash.chimoney.io)!


**UPA Page Enhancements:**
  - We updated the UPA page (Payment Profile) to allow saving contacts on mobile devices, making it easier for you to manage your contacts on the go.
   ![shots (6).png](/uploads/shots_6_7c9e32ad15.png)
  - We also added a QR code on the page.
![shots (9).png](/uploads/shots_9_b66d344850.png)

**Payment Profile Visibility:**
  - We now display payment profiles regardless of Interledger support (presence of an Interledger Payment Pointer)

**Swagger Documentation Update:**
  - We updated the [**Redeem Gift Card**](https://api.chimoney.io/api-docs/#/Redeem/post_v0_2_redeem_gift_card) endpoint by adding a detailed schema under `redeemOptions`. This schema now explicitly lists `email`, `countryCode`, and `productId` as properties, each with corresponding types and example values, to provide you with better clarity. We also defined the `chiRef` and `redeemOptions` as required fields.
  
  - We removed redundant `email` and `phoneNumber` fields from the [**Multi-currency wallets transfer**](https://api.chimoney.io/api-docs/#/MultiCurrency%20Wallets/post_v0_2_multicurrency_wallets_transfer) endpoint request schema. The transfer process now prioritizes the `receiver` field, which accepts a valid Chimoney Multi-currency Account, User, or Organization ID, while retaining key fields like `originCurrency`, `receiver`, and `destinationCurrency` to streamline your transfer experience.
  
  - We also removed the `subAccount` field from the request schema in the [**Get Public Profile of a Chimoney User**](https://api.chimoney.io/api-docs/#/Account/post_v0_2_accounts_public_profile) endpoint but maintained the `userID`, `linkCode`, and `p_id` fields to ensure clear and precise account identification.

**Bulk Send App Process Enhancements:**
  - The mobile money provider selection dropdown is now dynamically populated based on the selected country, ensuring that you can only select valid mobile money providers specific to your region.
   
![shots (7).png](/uploads/shots_7_24ca12d066.png)
  
  - We updated the label for the country selection dropdown from "Mobile money provider" to "Country of Provider" for improved clarity and ease of use.
  
![shots (8).png](/uploads/shots_8_f69b1b3dd0.png)
  - We now check that all required fields (_email, phone number, country, mobile money code, and full name_) are populated before enabling the verification process, preventing incomplete redemptions and ensuring a smooth experience for you.
  
  - We expanded the webhook handler logic to calculate the expected amount based on the currency and convert amounts between currencies when necessary, ensuring accurate and reliable payment processing.
  
  - We updated the checkout page with a dynamic filter option, showing only the relevant payment methods selected by users (e.g., Card/Bank, Crypto, and Chimoney), instead of all default payment options, to make the process more intuitive.


## Fixes

- We’ve ensured that you are securely redirected to the appropriate URL based on your KYC status (complete or ineligible) after completing the verification process.


Discover the latest fixes and updates from August 2024.

August 2024 Changelog

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Finding the right payment solution can greatly enhance your business operations, making them more efficient and improving the customer experience. Since handling payments is crucial for any business, choosing the best solution is essential. The right payment system should boost your business performance and meet your specific needs. Fortunately, there are many payment options available today.

In this article, we will guide you through selecting the ideal payment solution for your business. Additionally, we will explore why Chimoney stands out as an exceptional payment solution, offering unique features that can significantly improve your business operations.
## Understand your Specific Business Requirements

The first step to consider as you are in the process of deciding on the best payment solution is to evaluate the following; business model, transaction volume, customer base, and global reach.

### Business Model

Different business models have unique payment needs. For example, if your business is an online store, you’ll need a payment solution that supports various payment methods, such as credit/debit cards, digital wallets (like PayPal and Apple Pay), and bank transfers.

For businesses that offer subscription services, such as streaming platforms or SaaS companies, you’ll need a payment solution that handles recurring payments and supports automated billing cycles, flexible subscription plans, and easy payment updates.

Traditional retail stores will require a payment solution that supports in-person transactions. This includes POS (Point of Sale) systems that can process credit/debit card payments, contactless payments (like NFC), and mobile wallets.

### Customer Base

Depending on your services, customers will have their preferred payment option and this is also a key factor as you choose a payment solution. Different options that are currently available are:

- **Credit/Debit Cards:** These are commonly used worldwide and are essential for any payment solution. For example, in North America and Europe, credit cards are a dominant payment method. Ensuring your payment solution accepts major card networks like Visa, Mastercard, and American Express is vital.

- **Digital Wallets:** Digital wallets such as PayPal, Apple Pay, Google Wallet, and Samsung Pay have gained popularity, and younger demographics and those in regions with high smartphone penetration rates often prefer these methods due to their convenience and security features.

- **Bank Transfers:** In some regions, direct bank transfers are the preferred method of payment. This is particularly true in parts of Asia and Europe, where services like SEPA (Single Euro Payments Area) transfers and local bank transfer options are commonly used. In Canada, Interac e-Transfer is a popular option, enabling secure and quick bank transfers directly between accounts.

- **Mobile Money:** In Africa, particularly East Africa, mobile money has become the predominant payment solution. Mpesa, which originated in Kenya, is a prime example of this widespread adoption.

### Transaction Volume

- **Daily Transactions:** If your business processes a high volume of transactions daily, such as a popular e-commerce site during a sales event, you need a payment solution that can handle the load without delays or downtime. High transaction volume can impact processing times and fees, so it's important to choose a provider that offers robust infrastructure and competitive pricing.

- **Weekly/Monthly Transactions:** For businesses with more predictable or lower transaction volumes, such as a subscription service with monthly billing cycles, the focus should be on ensuring reliability and accuracy in recurring billing processes. The payment solution should handle scheduled payments seamlessly and provide clear reporting for financial management.

### Global Reach

If your business operates internationally, you need a payment solution that supports multiple currencies, cross-border transactions, and regulatory compliance:

- **Multiple Currencies:** Your payment solution should be capable of handling various currencies to cater to customers from different countries. This includes offering a currency conversion feature and multi-currency wallets.

- **Cross-Border Transactions:** International transactions can involve additional complexities, such as higher fees, regulatory compliance, and fraud risk, so it’s essential to choose a payment provider with experience in cross-border payments.

- **Regulatory Compliance:** Ensure your payment solution complies with international regulations and other local regulations. This ensures smooth operations and avoids legal issues.

## Key Features To Look For

Once you have a clear understanding of your business needs, evaluate the payment solutions available based on the following features:

- **Ease of Integration:** Choose a payment solution that can be easily integrated with your existing systems and platforms. Integration should be straightforward and minimally disruptive to your operations. 
[Chimoney offers a comprehensive API that ensures smooth and efficient integration](https://chimoney.io/developers-api/), making it easy to incorporate into your current workflow.

- **Security and Compliance:** Security is paramount when dealing with financial transactions. Ensure that the payment solution complies with industry standards and regulations. 
Chimoney provides security features, safeguarding both your transactions and customer data against potential threats.

- **Versatility and Flexibility:** An ideal payment solution should support various payment methods and currencies to cater to a diverse customer base. 
Chimoney excels in this area by offering [payouts to over 100 countries](https://chimoney.io/payouts), and multi-currency wallets in USD, CAD, and NGN. Users can also cash out to a variety of options including Bank transfers, Mobile Money, and Gift cards. This versatility ensures that you can meet the needs of different customers, regardless of their preferred payment method.

- **Cost-Effectiveness:** It's important to consider the costs involved with each payment solution, including transaction fees, setup fees, and any hidden charges. 
Chimoney provides transparent pricing, ensuring you understand what you're paying for and receive good value for your money.

- **Customer Support:** Reliable customer support is essential for promptly resolving any issues that may arise. 
Chimoney offers dedicated support to assist you whenever needed, ensuring that any problems are addressed quickly and efficiently. Good customer support can make a significant difference in maintaining smooth operations and customer satisfaction.

## Benefits of Choosing Chimoney

- **[Multi-Currency Wallet as a Service (WaaS)](https://chimoney.io/multi-currency-wallets/):** Chimoney’s Multi-Currency Wallet as a Service (WaaS) allows businesses to create and manage digital wallets effortlessly. This feature is particularly beneficial for businesses looking to offer a seamless and secure way for customers to store and use funds in multiple currencies. WaaS integrates smoothly with various platforms, providing both flexibility and ease of use, ensuring a seamless customer experience. 

  _For more details on Chimoney's Multi-currency wallets, you can read the blog post: [Exploring the Future of Global Payments with Multi-Currency Wallets](https://chimoney.io/blog/multi-currency-wallets)._

- **[Payouts to 100+ Countries:](https://chimoney.io/payouts/)** For businesses with a global reach, Chimoney’s ability to facilitate payouts in over 100 countries is a significant advantage. This feature ensures efficient management of international transactions, reducing the complexity and cost associated with cross-border payments. With Chimoney, businesses can streamline their international payout processes, enhancing operational efficiency and customer satisfaction. 

  _[Test out payouts here](https://chimoney.io/)._

- **[Developer API:](https://chimoney.io/developers-api/)** [Chimoney’s Developer API](https://chimoney.io/developers-api/) enables businesses to integrate advanced payment functionalities seamlessly. With comprehensive documentation, robust security, and real-time transaction monitoring, developers can quickly implement and customize payment solutions. The API supports multiple platforms, scales effortlessly, and facilitates transactions in over 100 countries, making it a versatile tool for businesses looking to streamline their payment processes and improve operational efficiency. 

   _For more details, read our blog post: [The Ultimate Guide to Simplifying Global Payouts for Your Business with API Solutions](https://chimoney.io/blog/api-solutions)._

- **[Payment Requests & Invoices:](https://chimoney.io/payment-requests/)** Chimoney’s Payment Request feature simplifies the process of requesting and receiving payments. Freelancers, service providers, and businesses dealing with multiple clients can benefit greatly from Chimoney’s Payment Requests feature. It streamlines your payment process, ensuring timely and accurate payments.

## Steps to Implementing Chimoney

1. **Assessment and Planning:** 
- Evaluate your current payment processes and identify areas for improvement.
- Determine how Chimoney can address these needs effectively. 
-  [Booking a demo meeting with us here](https://chimoney.io/demo) can provide you with a personalized walkthrough of our solutions, helping you understand how Chimoney can seamlessly integrate into your business and optimize your payment operations.

2. **API Integration and Customization:**
- Access Chimoney’s comprehensive [API documentation](https://chimoney.io/api-docs) to understand the various endpoints and functionalities available.
- Integrate the Chimoney API into your application using the sandbox environment provided by Chimoney to test all functionalities without processing real transactions.
- Customize the API integration to suit your business needs, including setting up payment workflows, configuring multi-currency wallets, and implementing payout mechanisms.

3. **Security and Compliance:**
- Implement security measures to protect sensitive data, leveraging Chimoney’s built-in security features and following best practices for API security.
- Ensure your integration complies with relevant financial regulations and standards, facilitating smooth operation across different regions.

4. **Testing and Go-Live:**
- Conduct thorough testing in a live environment to ensure everything works as expected, including transaction flows, error handling, and user experiences.
- Once all tests are successful, move your integration to the live environment and start processing real transactions.

5. **Monitoring and Support:**
- Use Chimoney’s dashboard to monitor transactions in real-time, quickly identifying and resolving any issues.
- Take advantage of Chimoney’s dedicated support team for assistance with any technical issues or questions post-implementation.

## Conclusion

Choosing the right payment solution is a strategic decision that can significantly impact your business’s efficiency and growth. By considering your business needs, evaluating key features, and leveraging the benefits of Chimoney, you can ensure a satisfying payment experience for your customers. [Book a meeting with us today to experience this](https://chimoney.io/demo).


Learn how to choose the best payment solution for your business and discover why Chimoney is the ideal choice.








A Guide to Choosing the Right Payment Solution for Your Business

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### Introduction

From growing up in Nigeria to completing University in Canada to working in San Francisco, and now building a Start in Toronto, Canada, I’ve seen firsthand how the right payment solutions can transform businesses and personal transactions. In this blog post, we will dive into a comparative analysis of three major players in the payment space: Interac, Zelle, and Cash App. Each platform offers unique advantages, but for Canadian users and businesses looking to expand or streamline their payment processes especially locally, understanding these differences is key.

### Interac: Canada’s Homegrown Solution

Interac stands out as a distinctly Canadian solution, deeply integrated into the financial ecosystem of the country. It allows users to send money directly between bank accounts without intermediary steps, making it highly trusted for both personal and business transactions. Here’s what Chimoney brings to the table with Interac API offers:

1. **Instant Payment Acceptance**: Businesses can receive payments up to $10,000 instantly, significantly speeding up cash flow.
2. **Bulk Payout Capabilities:** Ideal for paying out gig workers or distributing prizes, Interac enables mass payouts directly to recipients' bank accounts via email. Check out our blog post to learn how to send Interac Bulk Payouts via API.
3. **Payment Requests:** Simplify billing by requesting payments directly via email with instant payment through Interac, ensuring timely receivables. In addition to the Interac Request Money Feature, you can also use Chimoney’s Payment Request Feature which allows you to request Money and gives the payer the option to pay with Interac, Card, Bank transfer, and other options.

### Zelle: The American Connection

Originally designed to compete with the likes of PayPal and Venmo, Zelle is embraced primarily by U.S. banks, offering seamless transactions without fees. While it facilitates instant transfers among U.S. bank accounts, its integration in Canada is limited, as it requires U.S. bank partnerships.

### Cash App: Flexibility in Payments

Cash App has revolutionized the peer-to-peer payment landscape by allowing users not only to send and receive money but also to invest in stocks and cryptocurrencies. Although popular in the U.S., its functionality in Canada is constrained by regulatory and financial infrastructure differences.

### Analysis of Payment Options
![Comparision Interac vs Zelle vs Cashapp .png](/uploads/Comparision_Interac_vs_Zelle_vs_Cashapp_4b777992da.png)

### The Power of Instant Confirmation

Imagine a Canadian online platform, "Maple Goods," which used to wait days to confirm payments from international buyers—slowing down both their operations and delivery times. After integrating Chimoney's Payment Infrastructure, Maple Goods now confirms payments up to $10k instantly. Their buyers pay with their local currency with Card or Bank Transfers, powered by Chimoney, and Chimoney disburses the funds locally to Maple Goods via Interac the same day. This shift not only improves their operational efficiency but also enhances customer satisfaction by speeding up order processing times.

### Use Cases of Interac

Interac’s flexibility and integration into the Canadian financial ecosystem make it a versatile tool for various transactions. Here’s how Chimoney Infrastructure with Interac support and Infrastructure can enable these use cases:

#### Rent Payments

- - **Scenario**: Property management companies can collect monthly rent directly from tenants’ bank accounts using Interac.
    - **Chimoney’s Role**: Automate rent collection processes, reducing administrative overhead and ensuring timely payments.
    - **API Link**: [Chimoney API for Initiating Payment Request](https://chimoney.readme.io/reference/post_v0-2-payment-initiate-1)

#### Freelance and Gig Worker Payouts

- - **Scenario**: Platforms that hire freelancers for projects need an efficient way to distribute payments upon project completion.
    - **Chimoney’s Role**: Enable instant payouts to freelancers' bank accounts, enhancing satisfaction and trust.
    - API Link: [Chimoney Payouts to Interac API](https://chimoney.readme.io/reference/post_v0-2-payouts-interac)

#### E-commerce Transactions

- - **Scenario**: Online retailers require a secure method for customers to pay for goods instantly.
    - **Chimoney’s Role**: Provide e-commerce platforms with a secure, instant payment gateway using Interac, minimizing fraud and chargebacks.
    - API Link: [Chimoney Create Payment Link API](https://chimoney.readme.io/reference/post_v0-2-payment-initiate-1) and [Chimoney’s Payment Collection Widget](https://chimoney.github.io/payment-widget/)

#### Tuition Fee Payments

- - **Scenario**: Educational institutions often receive payments from both local and international students.
    - **Chimoney’s Role:** Facilitate seamless tuition fee transactions, offering a straightforward solution for students to pay their fees on time, locally via Interac, and internationally via local options. And settle the Educational Institution quickly via Interac.
    - API Link: Chimoney Education Payment Solutions

#### Donations and Fundraising

- - **Scenario**: Non-profits and charities need a reliable method to accept donations without high fees.
    - **Chimoney’s Role**: Enable charities to receive donations directly through Interac, ensuring more funds go directly to their causes.
    - API Link: Chimoney for Non-profits

These use cases illustrate just a few of the ways that Chimoney leverages Interac to provide robust, flexible, and instant financial solutions for a variety of sectors. To explore more about how Chimoney can integrate with your existing Payment Flow, visit our [Product Page](https://chimoney.io/producthub/) or [Chimoney Developer Documentation](https://chimoney.readme.io/reference/sandbox-environment).

### Conclusion

For Canadian businesses and platforms, Interac offers a tailored, robust solution that integrates seamlessly with the banking system, providing both security and efficiency. Platforms like Zelle and Cash App, while powerful in the U.S., face limitations in Canada due to the specific financial and regulatory landscape.

The comparison of the Payment systems in Canada and the US lays a foundation for additional articles I will write about Payment systems across different countries. Stay tuned.

And don’t forget to visit [Chimoney’s official website](https://chimoney.io/) to learn more about how our Payment Infrastructure and API which has Interac payout and collection support can transform your transaction processes today!

This blog post dives into a comparative analysis of three major players in the payment space: Interac, Zelle, and Cash App

Interac vs. Zelle vs. Cash App: Navigating the Canadian Payment Landscape

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_**TL;DR:** Discover how Chimoney's multi-currency wallet infrastructure empowers global business operations, offering seamless financial management across currencies with robust APIs. This guide explores how platforms can integrate and leverage these tools to facilitate global payments and elevate financial flexibility for users worldwide._

---


The world is rapidly becoming a global village, not just in terms of digital connectivity but also in finance and payments. At Chimoney, we envision a future where financial barriers are non-existent; a world where everyone, regardless of their location, can manage and move money effortlessly. We want money to move like [Chi](https://www.vocabulary.com/dictionary/chi#:~:text=to%20represent%20speech-,Definitions%20of%20chi,of%3A%20energy%2C%20vim%2C%20vitality). Our [Multi-currency Wallet](https://chimoney.io/multi-currency-wallets) infrastructure is an exciting step toward this vision.

### What is a Multi-Currency Wallet?

A multi-currency wallet allows businesses and individuals to hold, manage, and transact in multiple currencies from a single account. This is particularly vital in a globalized economy where dealing with multiple currencies is the norm, not the exception. Chimoney’s multi-currency wallet is designed to cater to this need, providing seamless transactions across borders without the hassle of currency conversion fees and delays.

### The Need for Multi-Currency Wallets

Imagine you are the founder of a shiny new AI data tagging platform. Your platform employs hundreds of freelancers from across the globe, from the bustling markets of Lagos to the tech-savvy cities of India. Each freelancer wants the flexibility of using their earnings to pay their bills in their local currency, but managing these multiple currency demands can quickly become a logistical nightmare for you.

This is where Chimoney's Multi-Currency wallets come into play. They allow your users to hold balances in multiple currencies, make transfers, and even cash out in their local currency without the hassle of currency conversion or high transfer fees.

### How Chimoney's Multi-Currency Wallets Work

1. **Wallet Creation:** Onboard Users by creating a wallet using the [_multicurrency-wallets/create_](https://chimoney.readme.io/reference/post_v0-2-multicurrency-wallets-create) endpoint. Here, they can choose which currencies they want to hold—USD, CAD, NGN, or any of the multiple currencies we support.
2. **Accessing Wallet Information:** Whenever a user needs to check their balance or recent transactions, they click a button on your Platform which calls the Chimoney [_multicurrency-wallets/get_](https://chimoney.readme.io/reference/get_v0-2-multicurrency-wallets-get) endpoint. A comprehensive list of all user wallets is available through the [_multicurrency-wallets/list_](https://chimoney.readme.io/reference/get_v0-2-multicurrency-wallets-list).
3. **Transferring Funds:** Perhaps the most critical aspect of our wallets is the ability to transfer funds. Before executing a transfer, users can get a quote. This is enabled by the [_multicurrency-wallets/transfer/quote_](https://chimoney.readme.io/reference/post_v0-2-multicurrency-wallets-transfer-quote) endpoint, which provides details on transaction fees and exchange rates. Once they are satisfied, they can proceed with the transfer through the [_multicurrency-wallets/transfer_](https://chimoney.readme.io/reference/post_v0-2-multicurrency-wallets-transfer).

### A Journey Through a Fictitious AI Data Tagging Platform

Let’s take a journey through our hypothetical AI data tagging platform. Alex, a data specialist from the United States, and Alicia, a Data Analysts from Nigeria, both work on your platform. With Chimoney's Multi-Currency Wallet, Alex can receive his earnings in CAD and Alicia in NGN. When Alex needs to pay Alicia for her services, he can transfer funds directly from his CAD balance to Alicia’s NGN balance, seamlessly and instantly, with all currency conversions handled efficiently by Chimoney’s backend.

This functionality not only simplifies the payroll process but also enhances the user experience by providing a flexible, reliable financial tool right at their fingertips.

### Why This Matters

In a world that’s rapidly embracing remote work and global collaborations, the ability to manage and transfer money internationally without friction is invaluable. Chimoney’s Multi-Currency Wallet infrastructure is more than just a financial tool; it’s a bridge connecting global talents and opportunities.

### Conclusion

As we continue to innovate and push the boundaries of what's possible in the fintech space, we invite platforms, businesses, and developers to join us. Integrate Chimoney’s Multi-Currency Wallet into your platform and give your users the power to transact globally without limits.

Ready to see Chimoney's Multi-Currency wallets in action? Then, Visit [Chimoney.io](https://chimoney.io/) to get started or book a Demo with one of our Engineers and learn how to integrate Chimoney’s Multi-Currency Wallets API.

By embracing Chimoney’s Multi-Currency Wallets, you’re not just adopting a new feature; you’re opening a world of possibilities for your users and your platform.

Discover how Chimoney's multi-currency wallet infrastructure empowers global business operations, offering seamless financial management across currencies with robust APIs. This guide explores how platforms can integrate and leverage these tools to facilitate global payments and elevate financial flexibility for users worldwide.

Exploring the Future of Global Payments with Multi-Currency Wallets

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Launching a new payment product presents numerous challenges, from navigating complex compliance processes to managing multiple API integrations and infrastructure. These problems often result in poor integration experiences and high startup costs. Fortunately, Chimoney's infrastructure and API offer a solution to streamline these processes and expedite your fintech product launch.

## The problem
1. **Complicated Compliance Process:** Starting a fintech  often involves dealing with complicated rules and regulations, especially when looking to expand to more countries which can slow down product launch.

2. **Need for Multiple API Integrations and Infrastructure:** Building a fintech solution may need integration with different payment APIs, a process that can be time-consuming and costly.

3. **Poor Integration and Developer Experience:** Inconsistent documentation, limited functionality and support can make it hard for developers integrating with payment systems, making integration difficult and slowing down progress.

4. **High Startup Cost:** Building and integrating payment systems can require a lot of money upfront, which may be challenging for fintechs with limited resources.

## The Solution - Chimoney’s Payment and Payout API Infrastructure
By integrating with Chimoney's infrastructure and API, fintechs gain access to a suite of services that provide seamless global payment and payout solutions including:
- **[Global Payouts](https://chimoney.io/payouts/)** - Seamlessly handle mass payments to recipients worldwide, with options for various cash-out methods in over 130 countries such as bank, mobile money, Interac, Airtime, or Gift Cards. Focus on your launch, Chimoney handles the global transfers.

- **[Wallets as a Service](https://chimoney.io/wallet-as-a-service/)** - Chimoney's Wallet as a Service (WaaS) supercharges your product launch by getting users up and running fast with built-in multi-currency wallets, frictionless account creation, and KYC/compliance handled. You just need to manage users, personalize experiences, and focus on your core product.

- **[Payment Requests](https://chimoney.io/payment-requests/)** - Generate invoices effortlessly and pay instantly using Chimoney's AI-powered Invoice Data generator and uniquely generated payment links.

- **[Developer API](https://chimoney.io/developers-api/)** - Forget the time-consuming build of fintech products. With Chimoney's API, featuring a well-documented documentation,  integration is seamless. This lets fintechs build solutions faster, reducing development costs and accelerating their launch.

## Benefits of Integrating with Chimoney
- **Improved Payment Efficiency:** Integrating with Chimoney enables fintechs to broaden their payment services across multiple countries, streamline compliance procedures, access AI-powered Invoice Data generator, perform global bulk payments effortlessly via email or phone number, and access a comprehensive global payment and payout infrastructure and API without the hassle of integrating multiple APIs.
- **Dedicated Support and Resources**  - Chimoney offers dedicated support and resources to help fintech startups succeed. From [developer documentation](https://chimoney.readme.io/reference/getting-started-with-your-api) to technical assistance.
- **Enhanced User Experience:** Chimoney prioritizes user experience, ensuring that customers have a seamless and intuitive payment process. 
- **Expedited Time-to-Market:**  For fintech startups aiming for swift and efficient product launches, speed is important. Integrating with Chimoney drastically accelerates this process by offering a unified payment infrastructure and API, minimizing the time required for integrating multiple APIs

### Reeple's Success Story with the Chimoney API
[Reeple.ai](https://www.reeple.ai/), dedicated to simplifying remittances for Africans abroad, swiftly launched its platform by integrating with Chimoney's API. Building upon Chimoney’s API allowed Reeple to establish a seamless funds collection and payout system for Canadian users to send money to Africa effortlessly. With Chimoney handling the funds collection and payments, Reeple focused on enhancing user experience, ensuring a seamless service. This partnership allowed Reeple to enter the market confidently to empower users worldwide.

_Read more about Reeple's success story [here](https://chimoney.io/blogs/customer-success-story-reeple-s-seamless-remittance-solution-for-africans-powered-by-chimoney/)._


## Boost Your Fintech Product Launch with Chimoney's Infrastructure and API Today
By leveraging Chimoney’s infrastructure and API, fintechs can build efficient payment solutions, enhance user experience, and expedite their time-to-market. Integrate with [Chimoney](https://chimoney.io/developers-api/) today and accelerate your fintech product launch!


Discover how integrating with Chimoney's infrastructure, including Global Payouts and Developer API, can streamline your product launch process. Reduce time-to-market, enhance user experience, and gain a competitive edge. Learn from success stories like Reeple and leverage Chimoney's support to propel your business forward. Join Chimoney today and boost your launch!

Accelerate Your Fintech Product Launch with Chimoney's Infrastructure and API

Chimoney Reward CashOut API offers increase brand loyalty by offering more flexible redeemable options

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The demand for borderless financial transactions keeps increasing as the global economy becomes increasingly interconnected. More companies are increasingly hiring internationally to access a wider pool of talent, extend runway or hire one or two exceptional talents. With this, Multi-currency wallets have proved to be indispensable, offering businesses a flexibility in managing cross-border transactions and currency conversions. In response to this need, Chimoney offers access to **Multi-Currency Wallets** for businesses and developers to integrate into their Financial workflows, Products and Solutions.

## About Chimoney’s Multicurrency Wallets
With Chimoney's Multi-Currency Wallets Businesses can fund, send and receive funds in various currencies i.e. USD, CAD, and NGN. Whether it's disbursing salaries to employees across different countries, settling invoices with international suppliers, or receiving payments from clients worldwide, these wallets provide users with the versatility they need to conduct transactions in their preferred currency.

The Chimoney Multi-Currency Wallets Infrastructure and API is specifically designed to facilitate the creation and management of multicurrency wallets, as well as seamless fund cross-currency global transfers between the wallets and other recipient channels, such as email and phone numbers.

In this article we’ll focus on only two endpoints:

- **Create a New Multi-Currency Wallet endpoint:** This initiates the creation of a new multi-currency wallet for a user or Business.
- **Transfer from a multicurrency wallet to another wallet, an email, or a phone number endpoint:** This allows for fund transfers between multi-currency wallets or to an email or phone number.

## Real-World Scenario: Global Payroll Management
We’ll implement a sample integration for an Organization with a remote team or community members distributed globally. The company needs a streamlined way to pay employees in their local currencies, ensuring timely, compliant and transparent transactions. Integrating Chimoney's multi-currency wallets offers the following benefits:

- **Employees:** Workers and Community members receive their salaries in their preferred currencies, eliminating the need to manage foreign exchange or hidden fees. This creates a positive experience and reduces confusion regarding pay.
- **Organization:** The company benefits from reduced international transfer fees and simplified payment processing with compliance built in. Chimoney handles currency conversions efficiently, tax and compliance. The consolidated payment flow minimizes administrative overhead and ensures a streamlined reconciliation process for Finance teams.

## Pre-requisites
- Node.js and npm (or yarn) installed
- A Chimoney developer account. [Get Sandbox Access](https://chimoney.readme.io/reference/sandbox-environment)
- Familiarity with Javascript development and HTTP requests

Before diving into the integration process, developers need to sign up for a [Chimoney developer account and obtain their API keys](https://chimoney.readme.io/reference/sandbox-environment), which we'll use to set the Authorization header in our API requests.

## Integration Steps
To make HTTPS requests to the Chimoney API, we'll use the axios library. Install it using npm or yarn:

```
npm install axios
```

Or use `fetch`.

## Creating a New Multi-Currency Wallet

The [`/v0.2/multicurrency-wallets/create`](https://chimoney.readme.io/reference/post_v0-2-multicurrency-wallets-create) endpoint allows you to [create new multi-currency wallets ](https://chimoney.readme.io/reference/post_v0-2-multicurrency-wallets-create)for the employees and community members. Here's an example of a Node.js function that creates a wallet for an employee:

```javascript
const axios = require('axios');

async function createWallet(userData) {
  const url = 'https://api.chimoney.io/v0.2/multicurrency-wallets/create';
  const apiKey = 'YOUR_API_KEY'; // Replace with your Chimoney API key

  const data = {
    name: "Jane Doe",
    email: "jane.doe@company.org"
  };

  const headers = {
    'Content-Type': 'application/json',
    'x-api-key': `${apiKey}`,
  };

  try {
    const response = await axios.post(url, data, { headers });
    if (response.status === 200) {
      console.log('Wallet created successfully!');
      console.log('Wallet ID:', response.data.id);
      return response.data.id;
    } else {
      console.error('Error creating wallet:', response.data.error);
      throw new Error(response.data.error);
    }
  } catch (error) {
    throw error;
  }
}
```

This function takes user data (name, email, etc.) as input and returns the newly created wallet ID upon successful creation. Remember to replace `YOUR_API_KEY` with your actual Chimoney API key.

## Transferring Funds Between Wallets

The [`/v0.2/multicurrency-wallets/transfer`](https://chimoney.readme.io/reference/post_v0-2-multicurrency-wallets-transfer) endpoint enables you to [automate international payroll](https://chimoney.io/developers-api/) payments to employee wallets. Here's an example function for [processing remote employee payments](https://chimoney.io/developers-api/) and payments to international community members:

```javascript
async function processPayroll(employeeWalletId, amount, originCurrency, destinationCurrency) {
  const url = 'https://api.chimoney.io/v0.2/multicurrency-wallets/transfer';
  const headers = {
    'Content-Type': 'application/json',
    'x-api-key': `${apiKey}`,
  };

  const senderWalletId = 'YOUR_COMPANY_WALLET_ID'; // Replace with your organization's wallet ID

  const data = {
    amountToSend: amount,
    originCurrency: originCurrency,
    receiver: employeeWalletId, // Use the employee's wallet ID as the receiver
    destinationCurrency: destinationCurrency,
  };

  try {
    const response = await axios.post(url, data, { headers });
    if (response.status === 200) {
      console.log('Payroll payment successful!');
      console.log('Transaction details:', response.data);
      // Handle successful payment, e.g., update payroll records
    } else {
      console.error('Error processing payroll payment:', response.data.error);
      // Handle payment error, e.g., log details, notify administrator
    }
  } catch (error) {
    console.error('Error sending payroll transfer request:', error);
    // Handle network errors or API issues
  }
}

// Example usage (assuming you have employee dat)
const employeeData = {
  name: 'Jane Doe',
  email: 'jane.doe@company.org',
};

createEmployeeWallet(employeeData)
  .then(employeeWalletId => {
    processPayroll(employeeWalletId, 1000, 'USD', 'EUR'); // Pay €1000 equivalent in USD
  })
  .catch(error => {
    console.error('An error occurred:', error);
  });
```
The function sends payroll payments from the organization's wallet to employee wallets. It constructs a request to Chimoney's API endpoint `/v0.2/multicurrency-wallets/transfer`, including necessary headers and data. Upon successful payment, transaction details are logged, otherwise, error messages are logged for failed transactions. You can adjust the sender's wallet ID (senderWalletId) to the specific organization's wallet ID.

The employee or community member is notified and they can cash out their Payment to their Bank Account, Wallet, or other local options.

## Conclusion
In conclusion, integrating Chimoney's [Global Multi-Currency Wallets](https://chimoney.io/wallet-as-a-service/) offers businesses and developers a seamless solution for global financial transactions and the flexibility needed to thrive in today's interconnected world.


Integrating Chimoney's Multi-Currency Wallets offers businesses and developers a seamless solution for global financial transactions. With Chimoney's Multi-Currency Wallets, users can save, send, and receive funds in various currencies like USD, CAD, and NGN, enabling versatile transactions. The Chimoney Multi-Currency Wallets API facilitates the creation and management of wallets and seamless fund transfers between wallets and other channels. Developers need to sign up for a Chimoney developer account and obtain API keys before integrating. Key endpoints include creating a new multi-currency wallet and transferring funds between wallets. Overall, Chimoney's Multi-Currency Wallets empower businesses and developers to thrive in today's interconnected world.

Integrating Multicurrency Wallets: A Deep Dive to Multi-currency Global Payouts

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**TL;DR:** Simplify your global business payouts with Chimoney's Global Payouts API, offering a seamless, secure, and cost-effective way to manage international transactions. Streamline operations, reduce costs, and ensure compliance with our developer-friendly API solution. Ideal for businesses looking to expand globally, this guide covers everything from benefits to getting started with easy-to-follow Node.js and Python examples.

---

In a world where global commerce evolves constantly, businesses are constantly seeking ways to streamline operations and scale efficiently. One of the significant challenges companies face as they expand internationally is managing global payouts. That's where the power of API solutions comes into play, transforming a traditionally complex process into a streamlined, developer-friendly experience. This guide dives deep into how businesses can simplify global payouts, with a particular focus on leveraging the [Global Payouts APIs](https://chimoney.io/developers-api/) like Chimoney's.

## The Challenge of Global Payouts

As businesses grow and breach borders, they encounter the complexity of managing payments across different countries, each with its own regulations, currencies, and banking systems. Traditional banking methods often fall short, being cumbersome, time-consuming, and expensive. For developers and businesses alike, the need for a solution that simplifies this process has never been more critical.

## Enter Global Payouts API

A [Global Payouts API ](https://chimoney.io/developers-api/)and simplified Cross-border Account Payables Infrastructure serves as a bridge between your business operations and a network of global financial institutions, allowing for seamless, automated, and secure payments worldwide. This technology enables companies to manage cross-border payments with ease, offering a level of flexibility and efficiency that traditional methods cannot match.

### Key Benefits

1. **Streamlined Operations**: Automate and manage payouts through a single API, eliminating the need for multiple banking relationships.
2. **Reduced Costs**: Lower transaction fees compared to traditional banking and financial services.
3. **Speed and Efficiency**: Facilitate near-instant payments, enhancing your operational efficiency and recipient satisfaction.
4. **Compliance and Security**: Ensure your payouts adhere to global regulatory standards, with built-in security protocols to protect your transactions.

### How It Works

Imagine you're a tech startup looking to pay your remote developers scattered across the globe or you're looking to launch a Payment Product quickly. With a Global Payouts API, like the one offered by Chimoney, you'd integrate the API with your existing payroll or financial system. Once integrated, executing a payout is as simple as making an API call, specifying the amount, currency, and recipient details. The API handles the rest, converting currencies, navigating regulations, and ensuring the payment reaches your developer swiftly and securely.

### Real-World Applications

- **Freelancer Payments**: Pay your global freelance workforce without the hassle of international bank transfers.
- **Supplier Settlements**: Settle invoices with international suppliers directly through the API.
- **Refunds and Rewards**: Easily process international refunds or send out global rewards and incentives.

### Why Developers Love It

For developers, the appeal of a Global Payouts API lies in its simplicity and power. Instead of wrestling with banking APIs, currency conversions, and compliance issues, developers can integrate one [comprehensive Payment API](https://chimoney.io/developers-api/) that handles it all. This not only saves development time but also opens up new possibilities for building global platforms and services.

## Getting Started with Chimoney's Global Payouts API for Developers

Chimoney's Global Payouts API provides a seamless way for businesses to execute global payments effortlessly. This guide is tailored for developers, featuring step-by-step instructions on how to integrate Chimoney's API using Node.js and Python. Let's dive into how you can harness the power of Chimoney's Global Payouts API to enhance your payment infrastructure.

### Prerequisites

- Chimoney account with API access. [Get Sandbox Access here](https://chimoney.readme.io/reference/sandbox-environment).
- Node.js or Python environment set up
- API keys for authentication

### Node.js Example

Install the `axios` package to make HTTP requests:

```bash
npm install axios
```
Or use `fetch`.

Create a `payout.js` file and use the following code snippet to call the Global Payouts API:

```javascript
const axios = require('axios');

const payload = {
  chimoneys: [{
    email: "test@gmail.com",
    currency: "USD", 
    amount: 10
  }]
};

axios.post('https://api.chimoney.io/v0.2/payouts/chimoney', payload, {
  headers: {
    'Content-Type': 'application/json',
    'x-api-key': 'Your_API_Key'
  }
})
.then(response => console.log(response.data))
.catch(error => console.error('Error:', error));
```

Replace `"Your_API_Key"` with your actual API key and modify the payload as needed.

### Python Example

Install the `requests` package if you haven't already:

```bash
pip install requests
```

Create a `payout.py` file and use the following code snippet to interact with the Global Payouts API:

```python
import requests
import json

url = "https://api.chimoney.io/v0.2/payouts/chimoney"
payload = {
  "chimoneys": [{
    "email": "test@gmail.com",
    "currency": "USD"
    "amount": 10
  }]
}
headers = {
  'Content-Type': 'application/json',
  'x-api-key': 'Your_API_Key'
}

response = requests.post(url, data=json.dumps(payload), headers=headers)

print(response.text)
```

Ensure you replace `"Your_API_Key"` with your actual API key and adjust the payload according to your needs.

### Testing Your Integration

Before going live, thoroughly test your integration using the provided sandbox environment. This ensures that your application handles the API's responses correctly and that you understand how to process errors and successful transactions.

### Documentation and Support

For detailed API specifications, visit [Chimoney's API documentation](https://chimoney.readme.io/). If you encounter any issues or have questions, our developer support team is here to help. Reach out through our email at support at chimoney dot io.

### Book a Demo

If you're intrigued by the potential of simplifying your global payouts with Chimoney's API solutions, we invite you to **[book a demo](https://chimoney.io/?book_a_demo=1)**. Experience firsthand how our technology can transform your business operations or help you go to market faster with Payouts, Wallet as a Service, KYC, Multicurrency Wallets and Collections built in.

## Conclusion

The world of global payments doesn't have to be complicated. With the right API solution, businesses can manage international payouts efficiently, securely, and cost-effectively. Developers play a pivotal role in integrating these solutions, and platforms like Chimoney are here to make that process as seamless as possible.

For businesses looking to scale globally, embracing a Global Payouts API is not just a convenience—it's a strategic necessity. And for developers, it's an opportunity to build and innovate on a platform that truly understands the challenges and possibilities of the global market.

_Stay tuned, explore our technology, and let’s build something amazing together._

Simplify your global business payouts with Chimoney's Global Payouts API, offering a seamless, secure, and cost-effective way to manage international transactions. Streamline operations, reduce costs, and ensure compliance with our developer-friendly API solution. Ideal for businesses looking to expand globally, this guide covers everything from benefits to getting started with easy-to-follow Node.js and Python examples. Say goodbye to the complexities of cross-border payments and hello to effortless global expansion.

The Ultimate Guide to Simplifying Global Payouts for Your Business with API Solutions

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Canadian startups and developers are continuously on the lookout for streamlined, efficient payment systems that not only offer real-time solutions but also align with the digital transformation goals of modern businesses. **Chimoney’s INTERAC™ e-Transfer Bulk Payments**  is the perfect solution for those aiming to simplify their payout processes, combining ease of use with the robustness required for large-scale transactions. This article dives deep into integrating Chimoney’s INTERAC™ e-Transfer payout endpoint, providing a hands-on guide complete with Node.js code examples.

### The Appeal of Chimoney for Developers and Startups

Before we jump into the technicalities, let’s understand why Chimoney’s Interac bulk payouts stand out, particularly for developers and startups in Canada. Chimoney offers a versatile platform enabling businesses to automate and scale their payment operations without the complexities traditionally associated with financial transactions. For developers, the appeal lies in Chimoney’s straightforward API, which allows for seamless integration into existing systems, providing a frictionless path to expanding their application’s capabilities with minimal overhead.

### Key Features of Chimoney’s Interac Payouts:

- **Bulk Payments**: Automate payouts to multiple recipients simultaneously, saving time and operational costs.
- **Developer-Friendly API**: Integrate Chimoney’s functionalities into your services with comprehensive documentation and support.
- **Multi-Currency Support**: Conduct transactions from various currencies, with automatic FX conversion where necessary. For example, you send bulk payments from US Dollars directly to Canadian Interac users.

### Implementing Chimoney’s INTERAC™ e-Transfer Bulk Payments (Javascript)

Let’s dive into how to integrate Chimoney’s Interac Bulk Payments into your Javascript application. The focus will be making a request to Chimoney's API to initiate INTERAC™ e-Transfer bulk payouts.

#### Step 1: Setting Up

First, ensure you have Node.js installed in your development environment. You’ll also need to install the `axios` package (or use `fetch`) for making HTTP requests, which can be done using npm:



```
npm install axios
```


#### Step 2: Make the INTERAC™ e-Transfer Bulk Payment API Request

Below is a simple Node.js script that demonstrates how to call the Chimoney INTERAC™ e-Transfer Bulk Payout endpoint. This script sends a bulk payout request.


```
const axios = require('axios');

const chimoneyApiKey = 'YOUR_CHIMONEY_API_KEY'; // Replace with your actual API key
const chimoneyBaseUrl = 'https://api.chimoney.io/v0.2/payouts/interac';

const payoutData = {
  debitCurrency: "CAD", // This can be USD, NGN or other supported currencies.
  interacs: [
    {
      email: "user@mail.com",
      name: "Jane Doe",
      amount: 10,
      narration: "Monthly Rent Payment"
    }
    // Add more recipients as needed
  ]
};

const sendPayouts = async () => {
  try {
    const response = await axios.post(chimoneyBaseUrl, payoutData, {
      headers: { 'Authorization': `Bearer ${chimoneyApiKey}` }
    });
    console.log('Payout successful:', response.data);
  } catch (error) {
    console.error('Payout failed:', error.response ? error.response.data : error.message);
  }
};

sendPayouts();
```



### The Impact of Integrating INTERAC™ Bulk Payments

Incorporating Chimoney's Interac bulk API endpoint translates into direct operational efficiencies for developers, startups and Businesses. Not only does it streamline the payout process, but it also ensures a higher level of satisfaction among recipients due to the speed and reliability of transactions. Furthermore, leveraging such a solution allows businesses to focus more on their core offerings, leaving the complexities of financial transactions to Chimoney.

### Why Developers and Startups Should Care

- **Time and Cost Efficiency**: Reduce the operational load and costs associated with manual payout processes.
- **Scalability**: Easily scale your payout capabilities as your business grows, without needing to overhaul your payment infrastructure.
- **Security and Compliance**: Benefit from Chimoney's robust security measures and compliance with financial regulations, mitigating risks associated with financial transactions.
- **Multicurrency Support**: Send Interac bulk payments from the US, UK or other Countries and reach Canadian users. Wether for reward payouts, paying out Class Actions via Interac Bulk Payouts or anything in-between, Chimoney has you covered.


### Conclusion

In a time where efficiency and scalability are essential and when users demand instant access to their fund, Chimoney’s Interac Bulk Payments Infrastructure offers a promising solution for developers, startups and organizations looking to streamline their financial operations. By following the integration guide provided and leveraging the power of Chimoney’s API, businesses can scale to new levels of operational efficiency, allowing them to focus on what they do best—innovating and growing their core business.

---

_INTERAC™ e-Transfer is Trademark of Interac Corp._

Integrate Streamlined Bulk Payments in Your Canadian Startup with Chimoney's INTERAC™ Bulk Payments Canada Integration (Developer-Friendly API with Node.js Guide)
This guide empowers Canadian developers and startups to leverage Chimoney's Interac Bulk Payments Canada API for effortless integration into their Node.js applications.

Why Chimoney?

Simplified Bulk Payments: Automate payouts to multiple recipients with a single API call, saving time and resources.
Effortless Integration: Chimoney's intuitive Developer-Friendly API seamlessly integrates with your existing systems for a frictionless experience.
Canadian Focus: Designed specifically for Canadian Businesses, Chimoney offers Interac Bulk Payments Canada, the perfect solution for streamlined mass payouts within the Canadian market.

Enabling INTERAC™ Bulk Payments with Chimoney’s Payment Infrastructure: A Developer’s Guide

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## Introduction
At Chimoney, we understand the critical importance of provding efficient and scalable payment solutions for **Businesses**. We recognize that effective financial management is paramount for growth, and we understand that cumbersome payment processes can hinder progress.

That's why we're thrilled to introduce Chimoney's addition of INTERAC™ Bulk and one-click INTERAC™ Payments – a solution designed to streamline payment workflows and empower any Business to scale confidently.

If you're a Developer, you'd find out [Enabling INTERAC™ Bulk Payments with Chimoney’s Payment Infrastructure: A Developer’s Guide](https://chimoney.io/blogs/enabling-interac-bulk-payments-with-chimoney-s-payment-infrastructure-a-developer-s-guide-1/) insightful. 

## The Challenges of Traditional Payment Methods
Many Businesses rely on traditional payment methods such as checks, direct debit or bank transfers, which present several challenges:
- **Time-consuming:** Manual processing of checks or bank transfers consumes valuable time that could be allocated to core business activities.
- **Error-prone:** Manual data entry increases the risk of errors, leading to delays and potential financial complications.
- **Limited Scalability:** Managing a growing volume of traditional payments becomes increasingly burdensome as your business expands.
- **Costly:** Transaction fees associated with traditional methods can erode profit margins over time.
- **Limited Flexibility:** receivers cannot pick how they want to receive their payment. The are stuck with receiving a Bank Payment or through an oudating AP process.

## Chimoney's INTERAC™ Integration: A Game-Changer for Seamless Payment in Canada
 **INTERAC™ Bulk Payment** built into Chimoney's Payment Infrastructure offers a modern and efficient alternative, addressing the shortcomings of traditional methods and providing tailored solutions for Canadian Businesses:
- **Seamless Integration:** Easily integrate Chimoney's solution into your existing financial systems, streamlining payment workflows with minimal disruption.
- **Automated Payments:** Automate payouts to vendors, employees, or partners, contractors saving time and ensuring punctual payments with **INTERAC™ Payment Automation**.
- **Bulk Payment Capabilities:** Effortlessly send payments to multiple recipients with a single API call, perfect for streamlined INTERAC™ Bulk Payments. Ideal for businesses that need to send out mass payouts. 
- **Secure Transactions:** Benefit from INTERAC™'s bank-grade security, ensuring safe and reliable fund transfers that build trust with business partners.
- **Scalability:** Chimoney's platform is designed to grow alongside your business. Unlike traditional methods, you won't experience operational hurdles as you expand. Our Scalable Payment Platform Canada seamlessly accommodates your growth.


## Impact on Canadian SMEs
****Chimoney's Interac integration**** offers a multitude of benefits beyond streamlined payments:
- **Improved Cash Flow:** Quicker payouts to vendors facilitate faster access to funds, enhancing cash flow management.
- **Enhanced User Experience:** Provide a convenient and hassle-free payment experience for vendors and partners, fostering positive relationships allowing payment to be sent and received with just an email address, no Bank Account required.
- **Reduced Operational Costs:** Automation reduces manual tasks and errors, saving both time and money on administrative processes.

## Getting Started with Chimoney's Interac Integration
Leveraging Chimoney's Interac integration is straightforward:
1. **Register:** Visit [dash.chimoney.io](dash.chimoney.io) to create an account tailored to your Business.

3. **Complete Onboarding:** Verify your identity (KYC/KYB) and select the most suitable plan from Chimoney during the onboarding process.

5. **Fund Your Account:** Utilize various convenient funding methods, including Cards, wire transfers (ACH), and cryptocurrency, to deposit funds into your Chimoney account.

7. **Send Interac Bulk Transfer:** Access the user-friendly dashboard at [dash.chimoney.io/send](dash.chimoney.io/send) to securely and swiftly send Interac Bulk payouts using just the recipients' phone numbers or email addresses.

## Conclusion
Chimoney's Interac integration isn't just a payment solution; it's a strategic investment in Business growth. By offering security, efficiency, and scalability, Chimoney empowers Businesses to streamline operations, improve cash flow, and focus on sustainable growth.

Ready to experience the transformative power of modern payment solutions? Sign up for [Chimoney](dash.chimoney.io/send) today and witness how our Interac integration can propel your SME to new heights!

---
INTERAC™ e-Transfer is Trademark of Interac Corp.

Streamline Payments and Empower Your Canadian SME with Chimoney's Interac Integration
Chimoney recognizes the challenges faced by Canadian SMEs (Small and Medium Enterprises)  with traditional payment methods. These methods can be time-consuming, error-prone, and lack scalability as your business grows.

Chimoney's Interac integration is a modern solution designed to address these issues and empower SMEs to scale with confidence. It offers a suite of features including:

Seamless Integration: Integrate Chimoney effortlessly into your existing financial systems for streamlined workflows.
Automated Payments: Save time and ensure punctual payments with Interac Payment Automation, ideal for Fintech Solutions for Canadian SMEs.
Bulk Payment Capabilities: Send payments to multiple recipients with a single API call – perfect for efficient Interac Bulk Payments Canada. (Efficient Payout System Canada)
Secure Transactions: Benefit from the bank-grade security of Interac. Chimoney's Secure Bulk Interac Transfer ensures safe and reliable transactions, building trust with partners (Canada Startup Payment Solutions).
Scalable Payment Platform Canada: Chimoney's platform grows alongside your business, eliminating operational hurdles associated with traditional methods.
Cost-Effective: Competitive pricing structures minimize transaction fees, optimizing cost efficiency for SMEs (Tech-Driven Payment Solutions Canada).
Chimoney's Interac integration is more than just a payment solution; it's a strategic investment that empowers Canadian SMEs to streamline operations, improve cash flow, and focus on sustainable growth.

INTERAC e-Transfer Bulk for Canadian Businesses: Integration and API

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**Summary**: _In our latest blog post, we are excited to share Chimoney’s progress in our journey to build a Network of Payment Networks and unlock economic opportunities for everyone. We’ve increased transaction volume, transaction value and number of users using the Chimoney Platform. Additionally, we have expanded our supported payout and redeem options to include more currencies, countries, wallet types, and tokens and 500 million+ products from Amazon and Shopify. We are thrilled to see the positive impact of our mission to unlock economic opportunities for everyone through fair recognition of value so no one is left behind._

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Over a year ago, Chimoney publicly launched with a big, bold mission to unlock economic opportunities for everyone by making value move between ledgers, currencies, countries, local wallets and emerging stores of value.

We are barely past the first quarter of 2023 and the Growth and Finance teams here at Chimoney are already reporting impressive growth in multiple key indexes at Chimoney, marking what is set to be our strongest year yet!

Here are a few Chimoney milestones from the last year

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## 45x increase in transactions compared to same time last year

We are excited to report a significant increase in the total number and value of transactions. Compared to the same time in the previous year, Chimoney has seen a percentage rate of increase in transaction value of over 4,500%.

[![State of Chimoney 2023  4.2.png](/uploads/State_of_Chimoney_2023_4_2_8407488196.png)](https://chimoney.io/chipay)

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More Organizations are using Chimoney to send payouts, and we are pleased to be facilitating these transactions for small and large organizations and everyone in-between. The transactions per client is also growing as we onboard more Payment networks and cash-out options. And our month-over-month transaction growth rate is not slowing down anytime soon.

[![Chimoney month-over-month growth.png](/uploads/Chimoney_month_over_month_growth_f6a1dcf439.png)](chimoney.io/chipay)


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## We grew User Accounts by 600%
There's an old saying or proverb that says "If you build it, they will come". We followed this advice, built it and sold it, and people have come, just as expected. In the past year, Chimoney experienced an increase in the number of User Accounts on our platform. When people receive Payment on Chimoney, they not only cash out and leave but more of them are creating Chimoney Accounts and holding their funds in their Chimoney Wallets.

[![State of Chimoney 2023  4.4.png](/uploads/State_of_Chimoney_2023_4_4_6e15eda1bd.png)](https://chimoney.io/chiconnect)

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Compared to the same time in the previous year, active User Accounts on the Chimoney Platform grew by 600%. This is a testament to the trust our corporate clients and users have in us and the value we provide them. As we scale our API, we expect a 50-100x increase in User Accounts created through third-party integrations. We are constantly working to improve our Platform and ensure that our users have the best possible experience when using Chimoney that is why we launched

- [Payment Requests (formerly Metaward)](https://chimoney.io/blogs/introducing-metaward), a Payment Request Link feature, and
- [FDIC-insured Trust Accounts](https://apnews.com/article/ein-presswire-newsmatics-toronto-business-financial-technology-16fb983c3ba1e3c4961624509fe99657), to provide Bank accounts where Client funds are held For Benefit Of (FBO) the client.

And we are just getting started.

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## Chimoney hosts 500 million+ cash-out and offramp options
Finally, we have expanded the number of supported payout and redeem options on our platform. We have added more banks and countries to our list of supported options, making it easier for our clients to send Payouts across borders. 

On the ecommerce side, Chimoney’s infrastructure now boosts over 500 million products from Amazon and Shopify stores which are shoppable in the [Unispend Marketplace.](http://unispend.com/) This expansion has been well-received by our users and has contributed to the growth we have seen this year especially in the emerging stores of value segment.

[![State of Chimoney 2023  4.5.png](/uploads/State_of_Chimoney_2023_4_5_be96c90812.png)](https://chimap-git-hacktoberfest-tobiadiks.vercel.app/)

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Chimoney’s growth is a result of our continued efforts to expand our Products, improve our user experience, and provide more value to our users. With growth, comes more expectations and our recent [Security Improvements](https://chimoney.substack.com/p/chimoney-monthly-digest) is helping to increase trust between Chimoney and our Clients.

In conclusion, we at Chimoney are proud of the growth we have experienced this year. We are committed to providing our users with the best possible experience and will continue to improve our Products and Platform to meet their needs. We would like to thank all of our users for their trust and support, and we look forward to continuing to grow together.

Please, [book a Demo](https://chimoney.io/book-a-demo) to see Chimoney in action and learn about our [Global Bulk Payouts Product](https://chimoney.io/payouts), [Developer API and SDKs](https://chimoney.io/developers-api), [Wallet as a Service Product](https://chimoney.io/wallet-as-a-service) and our other products.


Chimoney’s Network of Payment Networks is growing rapidly with its payment infrastructure and API seeing wide adoption globally.

On building a Network of Payment Networks at Chimoney

A creative showing how Metaward is being used to request payments. Metaward is a tool that businesses can use to create shareable Payment Request Links

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We are excited to announce the release of Payment Requests, the latest update to the Chimoney ecosystem. 

**Introducing Payment Requests (formerly Metaward)**

Payment Requests saves Enterprises, Community leaders, Managers and Even Organizers time by providing a Payment Request Link they can share with people they need to pay. So, instead of asking for Bank or other Payment details, you can send your  Payment Request Link to users to request payments from you in just a few clicks. As a result, Payment Requests makes paying for services, products, or any other type of transaction more straightforward than ever.

The Payment Requests feature is straightforward to use. As an Organization or Corporate user of Chimoney, you can generate a unique link that can be shared via email, social media, or any other messaging platform with which people can request payments from you. When the recipient clicks on the link, they will be taken to a secure payment portal where they can enter the amount and other information about the requested payment and then submit the request.  

As the Admin of the Organization (AP Team, Community lead, Manager, HR, Employee Experience lead, Donor Organization or Head of Finance) on your end, you’ll be notified and be able to view all requested payments and handle the settlement from your Chimoney Dashboard.

This feature is perfect for AP Teams, Community leads, Managers, HRs, Employee Experience leads, Donor Organizations, Heads of Finance, Event Organisers and everyone who usually has to send payments regularly. With the  Payment Request Link, there's no need to deal with complicated payment platforms or manually track down people you need to Pay or Invoices. Instead, everything is handled automatically, making focusing on what matters more efficient.

One of the key benefits of the Payment Request Link feature is its flexibility. Your contractors can easily edit the link to specific payment amounts, descriptions, invoice links and other details, making it easy to tailor their requests to their needs. Plus, since the  Payment Request link is reusable, Organizations using Chimoney can send them to multiple recipients without generating a new link each time.

We understand that security is a top priority for our users, so we've taken extensive measures to ensure that *Payment Requests* is safe and secure, and our system utilises state-of-the-art encryption technology to protect users' sensitive information.

To get started with Payment Requests, do so in 3 simple steps: 

    1.  Log into your Chimoney account at dash.chimoney.io.
    2. Go to the Requests page and copy your "Payment Link". 
    3. Start sharing it with others immediately to use.
    
It’s that easy to use!

![Metaward 2.png](/uploads/Metaward_2_27ff4e4d75.png)


The Payment Request Link feature will be a game-changer for anyone who needs to process large amounts of payout requests regularly. It's fast, easy, and secure, and we're confident that our users will love its convenience.

 As always, The Chi is here to help with any questions or concerns, so please don't hesitate to reach out if you need assistance.



you can send your Payment Request Link to users to request payments from you in just a few clicks. As a result, Payment Requests by Chimoney makes paying for services, products, or any other type of transaction more straightforward than ever.

Introducing Payment Requests, an effortless way to Pay anyone around the globe.

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gift ideas for valentine day

Every February 14th is celebrated as Valentine’s Day. It’s an international celebration widely acclaimed as the day for celebrating love; as such, people exchange gifts on this day to imply their love for their loved ones. And in case you were wondering, you don't need to be in a relationship to celebrate the holiday. There are plenty of options for friends and family members looking to display their affection as well, and this year, As we at Chimoney are all about gifting too, we have curated the best valentine’s day gifts to give in 2025.

## The importance of gifts
Gifts are thoughtful ways to express love and appreciation. Because of the significance of  Valentine’s Day, gifts are the most romantic way to tell someone that you love them. Now picking the right gift for your loved one can be a bit challenging as you want something that expresses love, conveys thoughtfulness and is still very useful to the recipient.
## How to curate the perfect gift for the season
To make it easier for you to gift your loved ones, we’ve written the best tips for curating the perfect gift this season. For starters, you want to avoid giving your loved ones things that are more practical for you than them, e.g. because you love reading books doesn’t mean that they do too, and you should be careful not to gift them things that you enjoy. Think carefully about what they like and draw up a list from there. The next best tip is to listen to them. People usually talk about the things they need in conversations with loved ones. And finally, talk to their friends and family to gauge their needs, wants and interests. Doing all these should help you come up with the perfect gift suggestions.

We’ve made it easy for you to gift your lovers and friends, and we think this list will help you decide quickly on what to gift this Valentine’s.
## List of gifts to give this season
Here are some of the best valentine’s day gift ideas for 2025, and the best part is that They’re all available on Chimoney
![chmoney gifts airtime, money, tshirts, giftcards ](/uploads/13_2_8562e24054.png)

1. Gift them new skills: Now, I’m sure you’re wondering how you could possibly gift someone new skillsets. It’s by gifting them a free SkillShare subscription.
2.  Spotify gift cards: Music is good for the soul and has been acclaimed as the food of love. Help your loved ones pay for their music subscription. Give them a Spotify gift card to help them stay in touch with music and podcasts they love.
3.  Amazon gift card: We all have things in our Amazon carts and wishlists we desire to buy but cannot afford. What better way to express love this season than Amazon gift cards to help your loved ones clear their shopping carts quickly? Get some here
4. Money: Nothing compares to cash in the bank. Bless your lover with some money this Valentine's. Giving them Chimoney is always a welcome idea. Cha-ching.
5. Fancy t-shirts: Everyone loves cool t-shirts with even cooler inscriptions and designs. Shop a wide variety of t-shirts for your lover on Chimoney.
6. Games: If your lover is a gamer, then new games are the perfect gift for them. Chimoney has a wide range of game gift cards from Xbox to PlayStation to Mortal Kombat, and you can easily purchase them for your loved ones.
7.  Uber Gift cards: Get your loved ones moving around quickly and freely this season. Get them Uber gift cards here. Treating your loved ones with some yummy treats sounds like your plan? 
8.    Crypto: Another genuinely creative way to say “I love you” buy your lover a Binance gift card here so they can continue stacking their favourite tokens.
9.    Airtime: Everyone who uses a phone will always need airtime. Help your loved ones stay connected by buying them airtime.

## Ready to send Valentine’s gift(s)?
Gifting the perfect gift can be a bit hard, but we’ve made it easy with this gift guide. To shop any of the items, we listed above, visit the Chimoney [shop ](https://dash.chimoney.io/spend)today.

 Have a wonderful Valentine’s Day.  

If you want to gift a loved one this Valentine’s Day but can’t afford it yet, participate in our Valentine’s Day giveaway on Twitter and win awesome prizes for you and your loved ones this season. 

Follow us on [Twitter ](https://twitter.com/chimoney_io)and [Instagram,](https://www.instagram.com/chimoney_io/) and keep using and redeeming Chimoney.




 Here are some of the best valentine’s day gift ideas for 2025, and the best part is that They’re all available on Chimoney

 Best Valentine’s day gift ideas with Chimoney

Chimoney and WireFX Partner to power global payment solutions

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Toronto, ON, Canada & Minneapolis, MN, USA  - January 17th, 2023 – [Chimoney](https://chimoney.io/), a payment infrastructure and API fintech for global money movement, has chosen [WireFX](https://rebrand.ly/lcqt2mi), a SaaS platform empowering financial technology companies to build innovative payment experiences, as its US provider of payment and account services. By providing connectivity to the US banking system, the WireFX platform will give Chimoney’s corporate clients the ability to seamlessly fund their Chimoney-enabled bulk payouts to community members, employees, contractors, and brand ambassadors around the globe.


>“Our Partnership with WireFX aligns with Chimoney’s mission to unlock economic opportunities for everyone since WireFX combines the best of banking services and easy-to-integrate technology. We are pleased with the team at WireFX and are looking forward to collaborating with WireFX to issue FDIC-Insured For-Benefit-Of (FBO) Bank accounts to our corporate clients, simplify the process of moving money globally, and increase trust between Chimoney and our clients,” said [Uchi Uchibeke](https://twitter.com/uchiuchibeke), Chimoney founder and CEO.



![ChiConnect payment gateway - Connect with global services and offer more payout options](/uploads/Chi_Connect_payment_gateway_Connect_with_global_services_and_offer_more_payout_options_776004d0b7.png)



Chimoney is passionate and dedicated to build a world-class platform and payment infrastructure for businesses to enable fast, secure, and efficient global bulk payments, with a super API for connecting multiple currencies, payment networks, and flexible, world-class cashout options including 1,000+ global gift card products, airtime in 10 countries, mobile money in 21 countries, and 10,000+ banks in 20 countries. 



>“We are excited to have our modern payment platform be chosen as part of Chimoney’s innovative payments experience,” said Jeff Althaus, WireFX President & CEO. “We look forward to working closely with Chimoney and growing a successful and long-standing partnership.”

WireFX is focused on providing fintechs such as Chimoney a full suite of compliance, account, and global payment rails in an all-in-one platform. With a modular API-based platform, fintechs can easily customize WireFX to deliver the experience their clients demand in a few weeks - not years.  

To learn more about Chimoney visit [Chimoney.io](https://chimoney.io/). For more information about WireFX’s platform visit [WireFX.com](https://rebrand.ly/lcqt2mi). 

===

About WireFX | WireFX is a compliance-first payments technology platform that empowers banks, credit unions, and fintechs to seamlessly transform their payment and FX processes, increase customer satisfaction, and unleash new revenue opportunities. The WireFX API platform seamlessly integrates banking services with large corporate and fintech ledger systems. The WireFX APIs support OAO (online account opening), domestic and international payments, virtual wallets, card services, and compliance workflows. WireFX is one of the most disruptive global payments companies currently on the market. For more information visit WireFX.com.

About Chimoney | Chimoney is a payment infrastructure and API startup, based in Toronto, Canada, with a vision to improve the quality of life for all through fair access to rewards. Today, Chimoney builds a payment infrastructure that enables fast, secure, and effective global paouts for businesses and an API for unlocking utility in wallets. Join us in our mission to revolutionize the financial industry and bring fairness to the world of payments at  Chimoney.io.

Chimoney and WireFX Partner to power global payment solutions.

Chimoney Chooses WireFX to Power Payments and Account Services

What is Chimoney and how to redeem Chimoney within field

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In this article, we will show you the process of redeeming Chimoney. Before we start, keep in mind that with Chimoney, companies, teams, and communities can send gifts and perks globally with the click of a button or with our API

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Now let's jump right into it!

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![Send Chimoney via email or Twitter handle.png](/uploads/Send_Chimoney_via_email_or_Twitter_handle_c146dd5d05.png)




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## Supported Products and Services
Chimoney supports the following products and services and counting:

- Airtime
- Mobile Money
- Gift Cards
- Crypto
- Bank Deposit
- Save for Later
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## Cash-out to Bank Account when spending your flexible Value
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![Send money to Ghana, Nigeria or other parts of Africa with confidence.!](https://imagedelivery.net/FWOxhF6qUOoRrmL6RllgbQ/9276e539-f1b6-489c-674b-8872ca081700/public "Send money to Ghana, Nigeria or other parts of Africa with confidence.")

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- Click on the **Redeem Now** link in the email you received or the Link in the Twitter message you got from Chimoney.
- On the redeem page, look for the **Banks** section and find your country.
- Next, search your bank by name and select it then enter your valid Account number. Done, you will get the money deposited into your account.
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> For Security reasons, ensure the email is from a @chimoney.io email address, and with Twitter, check that you also got a Twitter timeline post from Chimoney.
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## Spend Flexible gifts on Airtime and Mobile money
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![Send money via Twitter!](https://imagedelivery.net/FWOxhF6qUOoRrmL6RllgbQ/20164d65-4a9c-4ec7-b5ca-2c3e1645bd00/public "Send money via Twitter")
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Similar to the above, follow the same step. With Airtime, Mobile money, or Crypto, please select your country and then enter the required information like your phone number and click on Redeem now.

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## Get Crypto with your Chimoney flexible Gift
If Crypto is not banned by the Regulators in your country or state, you can spend your Chimoney on Crypto. To do this, Look for Digital Currencies on the redeem page and select your preferred currency. Next, enter a valid wallet address and click Redeem Now. We will not be able to assist you if you send Crypto to the wrong address. Please, be careful here.

> If Crypto is not banned by the Regulators in your country or state, you can spend your Chimoney on Crypto


Now, go enjoy your Chimoney!

‍![How to redeem!](https://imagedelivery.net/FWOxhF6qUOoRrmL6RllgbQ/a84556e4-5107-459f-f591-2a8736ffcf00/public "How to redeem")


With Chimoney, companies, teams, and communities can send gifts and perks globally with the click of a button or with our API and receivers can decide how to spend it. Here's how

Redeeming Chimoney: How to Spend Your Flexible Value From Chimoney

People Who Should Use Chimoney's Bulk Gift Cards Feature

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> Do you host events where you need to send virtual gifts or have friends and family overseas that you would like to surprise with swag? 
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Chimoney's bulk gift cards feature lets you send gift cards to up to a 1000 recipients in just a single click! All you need is their email. Learn more about the 5 types of people who should use Chimoney's bulk gift cards feature and start gifting today!

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## Friends
Let's begin with friends. Chimoney lets you send gift cards to friends anywhere and anytime! You don’t have to think and plan for a custom gift for each of your friends. All you need to do is send your friends Chimoney that can be redeemed for over 300 gift card options including Amazon, Netflix, Starbucks etc. as well as crypto value, cryptocurrencies, airtime, or phone bills payment. This way we can ensure your friends receive a gift card they love, and save you the hassle of picking a gift tailored to the liking of each member of your circle.

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## Event organizers
More event organizers are relying on Chimoney’s bulk gifting benefit as it allows them to send gifts to a large group of people in one step. All they need is the email of recipients of the gift cards. One of our partners, AfricaHacks was able to run a successful hackathon last year by using Chimoney. They were able to give airtime and virtual rewards to attendees and winners with a few simple clicks using the Chimoney platform. Remember that you can send Chimoney to up to a 1000 recipients with one click! Chimoney is a unique solution for event organizers all over the world to engage more with the attendees by ensuring the recipients get a gift they will love, no matter where they are.

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## Business owners
Instead of giving your own products as a gift, business owners can try to engage with customers around the world by gifting them the flexibility to pick an online gift card of their choice! This could be a great alternative for engaging with international tourists that would not have a chance to revisit your restaurant or even creating brand awareness to welcome leads in the near future. To send bulk gift cards, you just need a dedicated email list and you will be all set to send gifts in this manner. 

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If you are a professional in the media industry, you can send bulk gift cards to corporate, small and medium-sized enterprises, and business partners anywhere in the world without having to worry about shipping charges or delayed delivery!

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## Coaches
Have you signed up your students or cohort for a new coaching session, hackathon and other similar programs? Let’s boost engagement by sending an online gift like Chimoney that offers universal value! You could send them a unique gift card to motivate participation and excitement about class activities or other achievements. With Chimoney, you can be sure the gift card reaches the recipient’s inbox instantly, regardless of where they live. Sending bulk gift cards could never have been easier. The only thing you need is the recipient’s email to send Chimoney.

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‍## Employers
As an employer or a People Operations/ HR teammate, if you want to send bulk gift cards to all your employees in one click, Chimoney is your solution! Thinking about sending a gift card to your entire team and knowing that everyone will love the gift – no matter who they are, their interests, and where they live can be an ordeal! This Chimoney feature is one of a kind for sending bulk gift cards. Use Chimoney to stay connected with your employees as you celebrate key company milestones, holidays, or seasonal gifting. This is how we keep our internal Chimoney team happy - our squad has unique preferences: Sephora shoppers, Netflix watchers, crypto traders, etc. Chimoney makes sure ‘One Gift Fits All’!

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## Conclusion
Whichever type of gift card you want to send or receive, you can add value and reach a large group of people in a short amount of time with Chimoney. Sending bulk gift cards to up to a group of 1000 people in a single click while ensuring the recipients love what they get is what Chimoney is for. We ensure that no matter you are looking to send gifts to your personal circle, or as an event organizer, business owner or employer, sending Chimoney will help you engage more in less time.

Whichever type of gift card you want to send or receive, you can add value and reach a large group of people in a short amount of time with Chimoney. Sending bulk gift cards to up to a group of 1000 people in a single click while ensuring the recipients love what they get is what Chimoney is for. We ensure that no matter you are looking to send gifts to your personal circle, or as an event organizer, business owner or employer, sending Chimoney will help you engage more in less time.

5 Types of People Who Should Use Chimoney's Bulk Gift Cards Feature

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An online or e-gift card has been a popular way of sending a present for years to someone you have no clue about their preferences. With Chimoney, a digital gifting platform, you can send a gift online in a matter of a few clicks and let someone choose their own present, from a gift card to crypto, and from airtime to phone bill payment. Voilà! This article will teach you everything you need to know about how to send gift card online with Chimoney and why Chimoney is loved globally, by both our senders and receivers, for any occasion.

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> _The best part about giving a gift is watching someone's face light up when they receive it. But sometimes, it can be tough knowing what to get. That's where an e-gift card can come in handy_.

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## What is Chimoney?
E-gift cards have traditionally been used in the online world as a way for giving discounts on purchases to promote local stores, as a reward for customer loyalty and as a way to reward employees or event attendees. With Chimoney, you can send them using our intuitive dashboard and they’ll be delivered to your loved ones or event participants instantly. But Chimoney is more than just a gift card platform. “Chimoney” is also a form of currency or wallet that can store digital value for as long as you need to (Chimoney never expires). Alternatively, Chimoney can be redeemed as a cryptocurrency of your choice.

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## What makes Chimoney different than other gift cards?
It’s easy to send gift cards online on Chimoney.io. We offer several benefits to make your life hassle-free. Chimoney can be an excellent last-minute gift idea since you can choose to send “ALL” gift cards, cryptocurrencies, airtime, and phone bill payment that are currently available on our platform. Just a few clicks and your gift in the form of Chimoney will be delivered immediately. The best part? You need only the email address of the recipient and you can send up to 1000s receivers in one go. This is loved by employers, event organizers, or anyone who is looking to send a bulk gift card. Don’t forget that the receivers are able to choose to keep Chimoney and redeem whenever they choose.
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## How to send gift card online on Chimoney platform?
It’s confusing to send gift cards online on a website that requires you to choose a specific gift card and enter several receiver details. However, with Chimoney, we understand that time is a valuable asset for everyone, and when it comes to gifting, it should be a pleasant experience. Here’re how to send gift card online wih Chimoney:

1. Create a Chimoney account or sign in with your Google
2. Select gift options, including gift cards from top brands around the world, cryptocurrencies, airtime, and phone bill payments for popular networks – (All by default!)
3. Input recipient’s email. Yes! Only email.
4. You can send up to 1000s recipients in one transaction. Finally, hit send.
And it’s done! 

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#### Chimoney is 100% secure. The fact that the senders ask for the only email instead of collecting additional information, such as address and phone number, will give both parties a peace of mind.

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## Conclusion
As a Chimoney user, you get to be an agent of change that will shape the next stage of giving. Chimoney’s online gift cards are a great way to send gifts online in a pinch. We have a wide selection of items that will suit everyone, no matter who they are and where they live. To make things even easier for you, you can now send an online gift card instantly by email! All you need is the recipient’s email address and the value is sent electronically in an instant. So what are you waiting for after discovering how to send gift card online with Chimoney? Get started today!

An online or e-gift card has been a popular way of sending a present for years to someone you have no clue about their preferences.

How to Send Gift Card Online With Chimoney: The Easiest Way to Have Your Online Gift Delivered Instantly

Chimoney is your gateway to efficient cross-border payments, multi-currency wallets, and global payouts. Experience secure, real-time transactions across 130+ countries with our scalable API solutions.

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