Overview

Paymongo Ledger is a solution offered by Paymongo that enables businesses to record and reconcile financial events in real-time using a robust and scalable programmable Ledger as a Service built on top of Paymongo's financial service infrastructure. Paymongo Ledger allows your business to have a complete record of balances, flows, and audit trails.

Key Features

• Centralized Balance Management
  Paymongo Ledger provides a single, unified system for tracking and managing all customer balances, simplifying operations and reducing the risk of human errors.
• Real-time Updates
  Balance updates are reflecting in real time both for you and your customers. Real-time updates can reduce the monthly close time from 5 days to 4 hours with automated ledger reconciliation.
• Scalability
  Paymongo Ledger is capable of handling a large volume of transactions, which suits businesses of all scales. Paymongo Ledger also supports Unlimited Sub-ledgers for you to scale horizontally, by assigning ledgers per user, product, or use case.
• API-First Approach
  Paymongo Ledger offers a comprehensive API, allowing for seamless integration with the existing business systems and applications.
• Flexibility
  Paymongo Ledger supports various use cases depending on your needs, such as e-wallet services, loyalty programs, gift cards, and promotional credits.

Use Cases

• E-Wallet Services
  E-wallet services can leverage Paymongo Ledger as their transaction ledger for each e-wallet user transaction.
• E-commerce Loyalty Programs
  Businesses can easily implement and manage loyalty point systems, rewarding customers for purchases and encouraging repeat business.
• Store Credits and Gift Cards
  Provides a straightforward way to issue, track, and redeem store credits and digital gift cards.
• Digital Wallets
  Can serve as the backend for straightforward digital wallets, allowing customers to store and use balances for transactions.

Example

1. Customer Purchase: A customer purchases on an e-commerce platform.
2. Point Issuance: The e-commerce platform integrates with Paymongo Ledger via API to issue a predetermined number of loyalty points to the customer's ledger balance.
3. Real-time Balance Update: The customer's loyalty point balance gets updated in real-time.
4. Point Redemption: When the customer wishes to redeem points, the e-commerce platform sends a request to Paymongo Ledger to deduct the appropriate number of points.
5. Transaction Record: All point issuances and redemptions are recorded in the ledger, providing a clear audit trail.

Integration

Paymongo Ledger typically integrates with business systems through its RESTful API. RESTful API allows developers to programmatically manage ledgers, add/deduct balances, and query transaction history.

Pricing

Ledger prices are adjusted based on volume of transactions. Request for preferential rates from [email protected].