Introduction

Giro is a B2B product designed to streamline financial operations for businesses by providing a comprehensive wallet management and fund disbursement system. It allows businesses to own multiple wallets, deposit funds into these wallets, and efficiently disburse funds to individuals or groups of individuals. Giro offers a user-friendly interface where users can create and manage multiple businesses and wallets, facilitating easy navigation between different entities and financial transactions.

​

Features

Wallet Management

• Create Wallet: Users can create multiple wallets for each business entity within the system.
• Wallet Variety: Users are able to create primary wallets for their own use, secondary wallets and also disposable collection wallets for their customers where it applies.
• Deposit Funds: Users can deposit funds into their wallets through various payment methods such as bank transfers or other supported channels.
• View Balance: Users can view the balance of each wallet to track available funds.
• Transaction History: Giro maintains a transaction history for each wallet, providing users with detailed insights into past transactions.
• Customizable Reporting: Users can generate and send out customizable transactions report.
• Wallet Notification: Users can opt-in to receive email notifications for failed transactions.

Funds Disbursement

• Send Money to Individuals: Users can disburse funds to individuals by specifying the recipient’s details and the amount to be transferred.
• Batch Payouts:
  • Giro allows users to send money to multiple individuals simultaneously by creating groups and specifying the amount to be disbursed to each beneficiary.
  • Users can schedule fund disbursements for future dates, enabling better financial planning and automation of recurring payments.
• Transaction Tracking: Giro provides real-time tracking of fund disbursements, allowing users to monitor the status of each transaction.

Business and Wallet Management

• Create and Manage Businesses: Users can create and manage multiple businesses within the platform, each with its own set of wallets.
• Switch Between Businesses: Giro allows users to switch between different businesses seamlessly, making it easy to manage finances for multiple entities.
• Manage Wallets: Users have the flexibility to create, or close wallets associated with each business entity.

Funds Collections

• Users can set up automated recurring collections from their customers’ accounts for regular payments such as subscriptions, utility bills, or loan repayments.
• Users can track and manage all incoming payments in real-time through a centralized dashboard, ensuring transparency and efficient financial oversight.
• Users can generate disposable account numbers that are unique to a specific transaction that their customers carry out

APIs and Webhooks

• Payment APIs:

  • Use APIs to integrate GIRO payment functionalities directly into apps or websites, enabling users to set up and manage recurring payments seamlessly.
  • Users get real-time payment status updates and notifications within user interfaces, enhancing transparency and user experience.

• Webhooks:

  • Users are able to receive instant notifications about payment events (e.g., credit payments, debit and failed transactions) via provided webhooks, allowing them to stay informed and take timely actions.
  • Users are able to integrate webhooks with other systems to automate workflows, such as updating account balances, sending confirmation emails, or triggering service activations upon successful payment.

Security and Legal Compliance

• Data Encryption: Giro employs advanced encryption techniques to ensure the security and privacy of user data and transactions.
• Compliance with Regulations: The platform adheres to relevant financial regulations and compliance standards to mitigate risks and ensure legal compliance.
• Authentication and Access Control: Users are required to authenticate themselves using secure methods such as passwords or biometric authentication before accessing the system.
• Roles and Permissions: Owners can assign roles and permissions to users within each business, controlling access to wallet management and fund disbursement functionalities.

Analytics

• Transaction Insights: Giro offers transaction analytics, providing users with insights into transaction volumes, cash-flow breakdown, and trends over time.
• Business Metrics: Users can access performance metrics such as revenue, disbursements, and profit margins for informed decision-making.
• Wallet Activity Reports: Detailed reports on wallet activities, including deposits, withdrawals, and disbursements, facilitate effective cash flow management.
• Customizable Dashboards: Users can customize dashboards with relevant widgets for a tailored view of analytics data.