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HomeCategoriesBanking & FintechComparisonsAnchor API vs Bloc API
Back to Anchor API Alternatives

Anchor API vs Bloc API Comparison: Discover the best for Banking & Fintech in Nigeria

Detailed technical benchmark and comparison between Anchor API and Bloc API. Analyze pricing structures, verified webhooks, sandbox testing, authentication, and compliance for teams building in Nigeria.

VS
AAnchor API

Anchor API

Launch accounts, cards, transfers & lending without building core banking

Learn More
BBloc API

Bloc API

Embed virtual accounts, transfers & bills payment via a CBN-licensed bank

Learn More

Anchor API is best for nigerian fintech startups, neobanks, SaaS platforms, digital health companies, and enterprises that want to embed banking features accounts, transfers, card issuance, savings, and lending without building from scratch or obtaining their own CBN license.

Bloc API is best for nigerian developers and startups that want to embed banking features virtual accounts, transfers, bills payment into their apps using a fully CBN-licensed Nigerian BaaS that owns its own banking infrastructure via Banc Corp MFB.

Anchor API VS Bloc API Key Highlights

Highlight
AAnchor API
Anchor API
BBloc API
Bloc API
AuthenticationAPI Key (Bearer Token) generated via Anchor Dashboard under Developers > API Keys with granular permission scopingAPI Key (Secret Key from Bloc Dashboard)
Rate LimitNot publicly documented contact Anchor support for rate limit detailsNot publicly specified contact Bloc for limits
Sandbox Mode✓ Available✓ Available
WebhooksNot verified yet✗ Not supported
API Services
Virtual Account & Account OpeningAccount Balance & Transaction HistoryDirect Debit / Mandate PaymentsBank Transfers & Payouts
Virtual Card IssuancePhysical Card IssuanceNaira (NGN) CardDollar (USD) Virtual Card
Supported Regions
NigeriaNigeriaGhanaGhanaKenyaKenya
NigeriaNigeriaGhanaGhanaKenyaKenya

Pricing & Fee Structure

Fee Component
AAnchor API
Anchor API
BBloc API
Bloc API
Transfers & Payouts
  • Book Transfer (intra-bank):₦0
  • Payout / NIP Transfer:₦20 per transfer
  • Bulk Transfer:Cost varies per transfer type
  • COT Charges on transfers above ₦10,000,000: 0.1% capped at ₦50,000
Virtual Accounts and Transfers pricing varies contact Bloc for enterprise rates
Free Tier / Trial CreditsContact providerFree to integrate
Setup & Monthly FeesMonthly Account Maintenance:₦0Contact provider
Rates & Additional Terms
  • Pricing sourced from Anchor's official pricing document; rates are not publicly listed on their website and may change contact hello@getanchor.co for a current quote
  • Account Creation (Deposit / Virtual / Sub-Ledger): ₦0
  • Generate Account Statement:₦0
  • Inflow via Virtual NUBAN (collections): 0.5% capped at ₦200
  • Inflow Stamp Duty (deposit accounts, CBN regulation): ₦50 on deposits over ₦10,000
  • KYC Tier 2 (individual):₦50
  • KYC Tier 3 (individual):₦200
  • Business KYB verification:₦1,000
  • Contact hello@getanchor.co for an updated quote
  • Bills Payment API pays commissions to developers per successful transaction
  • No upfront fees to start testing

Anchor API & Bloc API Feature by Feature Comparison

Feature / Capability
AAnchor API
Anchor API
BBloc API
Bloc API
Virtual Accounts✓✗
Account Balance & Transaction History✓✗
Direct Debit / Mandate Payments✓✗
Bank Transfers & Payouts✓✗
BVN / KYC Identity Verification✓✗
Card Issuance✓✗
Savings & Investment Products✓✗
Open Banking / Data Access✗✗
Virtual Card Issuance✗✓
Physical Card Issuance✗✓
Naira (NGN) Card✗✓
Dollar (USD) Virtual Card✗✓
Spend Controls & Limits✗✗
Webhooks & Event Notifications✗✗
Card Balance Top-up✗✓
Card Freeze & Unfreeze✗✓
Sandbox Testing Environment✓✓
API Key / Token Authentication✓✓

Frequently Asked Questions

Which is better between Anchor API and Bloc API in Nigeria?
Anchor API is best for: Nigerian fintech startups, neobanks, SaaS platforms, digital health companies, and enterprises that want to embed banking features accounts, transfers, card issuance, savings, and lending without building from scratch or obtaining their own CBN license.. Meanwhile, Bloc API is best for: Nigerian developers and startups that want to embed banking features virtual accounts, transfers, bills payment into their apps using a fully CBN-licensed Nigerian BaaS that owns its own banking infrastructure via Banc Corp MFB.. Your choice should align with whether your team prioritizes Anchor API's developer ecosystem or Bloc API's specific capability set.
Does Anchor API or Bloc API support webhooks and sandbox testing?
Anchor API provides a dedicated sandbox testing environment and has webhook status unverified. Bloc API offers sandbox testing and has webhook status unverified.
What are the fees and pricing models for Anchor API vs Bloc API?
Anchor API pricing: Pricing sourced from Anchor's official pricing document; rates are not publicly listed on their website and may change contact hello@getanchor.co for a current quote Account Creation (Deposit / Virtual / Sub-Ledger): ₦0 Monthly Account Maintenance: ₦0 Generate Account Statement: ₦0 Inflow via Virtual NUBAN (collections): 0.5% capped at ₦200 Inflow Stamp Duty (deposit accounts, CBN regulation): ₦50 on deposits over ₦10,000 Book Transfer (intra-bank): ₦0 Payout / NIP Transfer: ₦20 per transfer Bulk Transfer: Cost varies per transfer type COT Charges on transfers above ₦10,000,000: 0.1% capped at ₦50,000 KYC Tier 2 (individual): ₦50 KYC Tier 3 (individual): ₦200 Business KYB verification: ₦1,000 Contact hello@getanchor.co for an updated quote. Bloc API pricing: Free to integrate. Bills Payment API pays commissions to developers per successful transaction. Virtual Accounts and Transfers pricing varies contact Bloc for enterprise rates. No upfront fees to start testing.. Both platforms offer tailored pricing structures for Nigerian transactions.
What authentication methods do Anchor API and Bloc API use?
Anchor API uses API Key (Bearer Token) generated via Anchor Dashboard under Developers > API Keys with granular permission scoping authentication with Not publicly documented contact Anchor support for rate limit details. Bloc API uses API Key (Secret Key from Bloc Dashboard) authentication with Not publicly specified contact Bloc for limits.

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CBN PSSP-licensed African payment gateway. Checkout, virtual accounts, direct debit, and cross-border payments across 50+ currencies and 150+ countries.