Maplerad is a Nigeria-based banking-as-a-service (BaaS) platform that empowers businesses to embed financial services like payments, accounts, and cards into their products. Launched in beta in 2022 by Maplerad Technologies Inc., it’s the infrastructure behind Wirepay and serves startups, enterprises, and FinTech's across Africa and beyond. This article explains Maplerad’s offerings and how it works.
What Does Maplerad Offer?
Maplerad provides APIs and tools for:
Payments: Process card, mobile money, or bank transfers.
Accounts: Create multi-currency accounts for users.
FX: Enable currency exchange with competitive rates.
Card Issuing: Offer virtual USD cards.
Compliance: Handle KYC, AML requirements.
These features allow businesses to integrate financial services without
building complex banking infrastructure.
How Maplerad Works
Please sign up: You can register at maplerad.com and verify your business.
Integrate APIs:
const maplerad = require('maplerad-sdk');
maplerad.init({ apiKey: 'your_api_key' });
maplerad.createAccount({
currency: 'NGN',
type: 'business'
});Test in Sandbox: Simulate transactions to ensure compatibility.
Go Live: Launch financial features for your customers.
Monitor: Use Maplerad’s dashboard for analytics and compliance.