You can create a Finmo wallet for a customer. Finmo wallet acts like a bank account although there are local compliance restrictions around e-money account issuance in general. Wallet feature will allow your customers to deposit funds with Finmo and these funds are safe-guarded with our banking partners.
Due to local regulations around account issuance, Finmo is required to capture and verify who the wallet is issued for.
If you try to create a wallet for a customer you may receive an error saying the customer is not
WALLET-READY, please update the customer object with the required information. The API response will provide you the fields that are missing.
This API will help you check if your customer can be issued a wallet, if not it will tell you what details need to be captured before a wallet can be created.