The Wallets API by KamioKash offers a cutting-edge solution for businesses looking to create, manage, and utilize custom closed-circuit currencies for rewards and spending. Designed with flexibility in mind, it caters to a wide array of business use cases, enabling a personalized approach to rewards systems and financial transactions.

Core Functionality and Integration​

The Wallets API facilitates the creation of custom currencies, allowing businesses to tailor their rewards programs to specific customer interactions and engagement strategies. With a dynamic rule engine, clients can configure unique conditions for earning rewards, ensuring a customized experience that aligns with their business objectives.

For seamless integration, the API supports real-time transaction creation, offering versatility through SFTP and custom API queries. This ensures that businesses can integrate the Wallets API into their existing systems with minimal disruption and maximum efficiency.

Security and Scalability​

Security is paramount, with all interactions secured through API key-secret pairs and robust encryption both in transit and at rest. Leveraging serverless technologies, the Wallets API is designed to effortlessly scale, accommodating high transaction volumes during peak periods without compromising performance or security.

Customization and Flexibility​

Understanding the diverse needs of businesses, the Wallets API offers extensive customization options. From creating custom transaction types and currencies to utilizing a dynamic rule engine for various scenarios, clients have the freedom to craft a solution that perfectly matches their requirements.

User and Access Management​

Access management is considered a crucial aspect of security. The API ensures that sensitive operations are handled server-side, with tokenization and references employed for secure interactions. This architecture reinforces the importance of keeping API interactions away from the client side to maintain integrity and confidentiality.

Real-time Updates and Notifications​

To enhance interactivity and engagement, the Wallets API integrates webhooks, enabling real-time updates and notifications for app or website interactions. This feature ensures that users are always informed about their transactions and balances, fostering a transparent and responsive user experience.

Compliance and Regulations​

While the API is designed with flexibility in mind, it also incorporates mechanisms like expiry and minimum balance requirements to support the terms and conditions specified by clients. Although specific compliance requirements related to rewards are not identified, these features allow businesses to maintain regulatory adherence and ensure fairness in their rewards programs.

Documentation and Support​

For developers and businesses integrating the Wallets API, comprehensive technical documentation is provided via OpenAPI specs and Redocly, facilitating a smooth and informed integration process.

Future Developments and Pricing​

While the current roadmap is under development, KamioKash is committed to evolving the Wallets API, with future enhancements planned to enrich functionality and user experience. Pricing models are tailored on a per-client basis, ensuring that businesses receive a solution that aligns with their specific needs and budget constraints.