Direct API connections to your business bank accounts — live transaction feeds flow into Mutual Africa Pay in real time, keeping your books permanently current without manual imports, CSV files, or data entry.
Open banking eliminates the gap between your bank account and your financial records — transactions flow directly into Mutual Africa Pay as they happen, keeping your accounts perpetually up to date.
Connect your business bank accounts directly to Mutual Africa Pay via open banking API. The connection is established once — after that, transactions flow automatically without any ongoing manual action. Supports major South African banks and a growing list of African financial institutions.
Bank transactions appear in Mutual Africa Pay as they occur — or on a regular refresh cycle depending on the bank's feed frequency. No waiting for end-of-day batch processing, no manual imports, no CSV exports from internet banking.
Connect multiple bank accounts across different banking institutions simultaneously. View all account balances and transaction feeds in one place — current accounts, savings accounts, and foreign currency accounts all connected through a single Mutual Africa Pay integration.
Open banking connections use the same secure authorisation protocols used by the banking industry — OAuth-based authentication, encrypted data transmission, and read-only access to your transaction data. Mutual Africa Pay never accesses your banking credentials directly.
Every imported bank transaction triggers the automatic reconciliation process — matched immediately against your existing invoices, expenses, and journal entries. Reconciliation happens as transactions arrive, not as a month-end batch.
See your live bank balance in Mutual Africa Pay at any time — reflecting your actual bank position, not just your accounting records. Critical for cash flow management, payment decision-making, and understanding your real-time financial position.
Open banking connections in Mutual Africa Pay are set up once and then operate automatically. After the initial connection, your bank transactions flow into your financial records without any ongoing manual action — keeping your books current in real time.
Securely authorise Mutual Africa Pay to connect to your bank account using your bank's open banking portal. You authenticate directly with your bank — Mutual Africa Pay never handles your banking credentials.
The secure API connection is established. Mutual Africa Pay begins importing your transaction history and sets up the live feed for ongoing transaction synchronisation.
From this point, all bank transactions flow into Mutual Africa Pay automatically — in real time or on a regular refresh cycle. No further action required from you to keep your transaction data current.
Each imported transaction is matched automatically against your existing records. Your books stay perpetually reconciled — reflecting your actual bank position at all times without any manual reconciliation work.
Open banking transforms bookkeeping from a periodic manual task into an automatic background process — freeing business owners and finance teams for more valuable work.
A 15-person professional services firm previously exported CSV statements from internet banking three times a week and imported them into their accounting software manually. After connecting via open banking, transactions flow automatically. The bookkeeper's weekly bank import process no longer exists — freeing several hours per week for reconciliation review and financial analysis instead of data entry.
A retail business with a main trading account, a savings account, and a card merchant account uses open banking connections to see all three account balances in real time within Mutual Africa Pay. The owner checks the live consolidated cash position each morning before making purchasing decisions — replacing a manual process of logging into three separate internet banking sessions with a single dashboard view.
A commercial property company holds accounts at two different South African banks — one for operating expenses and one for property transaction funds. Open banking connections to both banks give the finance team a single consolidated view of all cash positions and transaction activity within Mutual Africa Pay, without switching between two banking platforms for daily financial management.
An accounting practice connects open banking feeds for multiple client businesses through Mutual Africa Pay. Client transactions flow in automatically for each business — giving the practice real-time visibility into each client's financial position without waiting for manual statement imports. Client queries are answered faster, reconciliation is completed sooner, and the practice delivers a higher quality service with the same team.
Open banking adoption is growing across African markets — with South Africa leading regulatory development through the banking sector's open banking frameworks. Mutual Africa Pay's open banking connections are built to leverage these developments, connecting businesses to their bank accounts securely and keeping pace as open banking expands across the continent.
Open banking connections are included in Mutual Africa Pay's Summit plan and above. Connect your bank account once and never manually import a bank statement again.
