In the world of cross-border payments, an entity is where everything begins.
Entities connect your beneficiaries and wallets, acting as the source of funds for your transactions. Depending on your use case, you can even have multiple entities within a single organization, allowing for flexibility and tailored management of your payment flows.
With the Manager App, creating and managing these entities is effortless—no engineering required. You can easily set up an entity, link wallets to it, and start managing funds across borders. The Manager App’s user-friendly design ensures that even complex global payments are handled with ease.
Creating Entities in the Manager App:
- From the home screen, either click on the Entities tab in the sidebar or select Go To Entities on the main home page.
- On the Entities screen, click the Add Entity button in the top right corner.
- In the Entity Creation Sidebar, select whether the entity is a person or a business.
- Fill in the corresponding information. If a field is incorrect, a red error message will notify you to correct it. Remember, each corridor may have different requirements.
- Finally, accept the Terms and Conditions to complete the setup.
Once an entity is created and a wallet is linked and verified, your funding instructions are just a step away. Managing multiple entities within one organization becomes simple, letting you seamlessly control different business segments or regions from one dashboard.
Stay tuned for part 4, Beneficiaries!
