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November 2022

November 9th, 2022 by Hem G

We work hard to ensure everyone who uses ZWITCH gets the best experience. Every day we take small steps towards developing new products, enhancing existing features, and improving the performance of our system. We also fix (the occasional) bug in the system.

Below is a list of new feature releases, product improvements, and bug fixes we made in November 2022.

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Note

  • Except for breaking changes, all other changes are backward compatible.
  • Currently, we work on a daily release cycle. We push changes to the production environment as they are developed. However, we will notify you about breaking changes, new feature releases, and major enhancements via email before they are released.

🚀 New Features

Below is a list of new features we released in November 2022.

Payments

First Funding UPI Collect

When an account is created, the account is marked debit frozen until funds are added to the account. This is called first funding.

To complete the first funding for an account, you need to get money from the applicant. You can do this by sending them a UPI collect request using our First Funding UPI Collect Request API.

Refer to our First Funding UPI Collect Request API documentation for more details.

Transfers

First Funding Transfer API

When an account is created, the account is marked debit frozen until funds are added to the account. This is called first funding.

After receiving money from the applicant, you need to transfer this money to the applicant’s account. You can do this using our First Funding Transfer API.

Refer to our First Funding Transfer API documentation for more details.

🎉 Enhancements

Below is a list of improvements we made in November 2022.

Accounts

We have made a few enhancements to our Account APIs to enhance based on regulatory requirements from our partner bank.

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Note

These changes will be made mandatory starting from December 28th, 2022. Currently, these changes have been deployed, but are not mandatory.

Accounts Integration Flow

Listed below are the changes to the create account integration flow.

ChangeDescriptionType of Account
Name VerificationBefore creating an account, you have to ensure the applicant’s name in the Aadhaar and PAN databases are the same.

You can do this using our Name Verification API.

If the applicant’s name in the Aadhaar and PAN databases match, pass the name verification ID in the Create Account API.		Savings and current accounts
CKYC VerificationBefore creating an account, you need to ensure the applicant is registered in the CKYC database.

You can do this using our Check CKYC Registration API.

If the applicant is registered in the CKYC database, pass the CKYC verification ID in the Create Account API.

Note : You can only create a (savings or current) account if the individual is registered in the CKYC database.		Savings and current accounts
Photo VerificationBefore creating an account, you have to ensure the photo the applicant uploaded matches their photo in the Aadhaar or CKYC database.

You can do this using our Photo Verification API.

If the photo the applicant uploaded matches their photo in the AAdhaar or CKYC database, pass the photo verification ID in the Create Account API.		Savings and current accounts
First FundingWhen an account is created and the status goes to active, the account is set to debit frozen.

To unfreeze the account, you need to add funds to the account. This is called first funding.

You can do this by sending a UPI collect request to the applicant.

After the applicant completes the UPI payment, you need to transfer the money to the applicant’s account. You can do this using our First Funding Transfer API.		Savings and current accounts