Onboarding

Onboarding Workflow

Onboarding your financial institution is a manual process. You will have to contact Interswitch, who will do all the necessary checks before onboarding your financial institution.

From a technical perspective, PIPEChain works with payment gateways, not financial institutions. Payment Gateways refer to a specific financial institution, in a specific country, using a specific currency.

paymentGateway = country +  financialInstitution + currency

• Country of Operation`: The country your financial institution runs from. If you are a multinational financial institution, you will have to onboard each country in which your financial institution operates.
• Currency: The currency your financial institution issues. If you are a multi-currency financial institution, you will have to onboard each currency as a separate payment gateway.
• Fee Structure: How much would you like to charge for each off-ramp from PIPEChain to individual accounts in your financial institution. Read more about fees structure here
• Contact Information: Email and website.
• RSA Public Key: You, the financial institution, need to generate an RSA 2048 public/private keypair. You will send PIPEChain the public key, while you secure the private key on your end. Your private/public keys will be used to generate digital signatures to secure communications between your financial institution and PIPEChain.
• Account Verification Endpoint: This is an API endpoint that PIPEChain will need from you. PIPEChain will send you an account number, amount to be credited or debited, and your endpoint will respond with the full name of the account in your financial institution. Read more about the account verification endpoint here