- Institution: The entity integrating with the PayKKa platform — that's you. Before accessing the PayKKa platform, you need to contact the relevant personnel to set up your platform account.
- Merchant: The fundamental business entity. All business operations are conducted under a merchant identity. An institution can have multiple merchants (one-to-many). You can onboard multiple merchants through the Merchant Onboarding process.
- Collection Account (VA): An account provided by the merchant for receiving payments. A merchant can have multiple collection accounts (one-to-many). Successfully onboarded merchants can open multiple collection accounts through the Collection Account process.
- Currency Wallet: A business entity on the PayKKa platform for managing merchant funds by currency. You can use the Query Account Balance API to check the currency wallets and balances under a specific merchant.
- A currency wallet is automatically created when a collection account is opened successfully.
- A merchant can have multiple currency wallets (one-to-many).
- There is only one wallet per currency.
Now that you have a comprehensive understanding of the PayKKa platform, you can proceed to Merchant Onboarding.