Page 90 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition

ITU-T Focus Group Digital Financial Services
Technology, Innovation and Competition

Figure 2: APIs of DFS vendor platform

Further information on each type is provided in the table below.

Table 1: API types

API type Description
Service API Service APIs are used to facilitate the delivery of user experience, irrespective
of client platform. Services may be used directly with third parties for direct
integration with their platforms, or integrated into web pages or mobile
clients.

Capability API All capability will be exposed via APIs to facilitate interaction with the service
logic, or exposure as a service API.

External API External APIs are used for integration with telco enablers and other third party
capabilities.

7 Interaction with external third party partners

The ability to interact with other third party partners can help promote the development of the entire DFS
ecosystem.

By extending the DFS ecosystem, the vendor platform can provide different methods in different scenarios to
aggregate and interact with the peripheral partners. These include:

• Open API: Providing a set of APIs for third party partners to access the vendor platform and use DFS, i.e.
banks, agents/distributors, remittance agents, payments, gateways, processors, etc. These interfaces are
expected to be open standards, such as ISO 8583, or service-specific.

• Adapter: Providing adapters for the third party partners whose interface is already defined and stable.

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