Detailed technical benchmark and comparison between Miden Banking as a Service API and Bloc API. Analyze pricing structures, verified webhooks, sandbox testing, authentication, and compliance for teams building in Nigeria.
Issue cards, manage expenses & send payouts across Sub-Saharan Africa
Embed virtual accounts, transfers & bills payment via a CBN-licensed bank
Miden Banking as a Service API is best for financial institutions, logistics companies, travel platforms, and fintech companies building embedded payment and expense management solutions in Sub-Saharan Africa.
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.
| Highlight | M Miden Banking as a Service API | B Bloc API |
|---|---|---|
| Authentication | API Key / Bearer Token | API Key (Secret Key from Bloc Dashboard) |
| Rate Limit | Not publicly specified; contact support for details | Not publicly specified contact Bloc for limits |
| Sandbox Mode | ✓ Available | ✓ Available |
| Webhooks | Not 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 |
| Fee Component | M Miden Banking as a Service API | B Bloc API |
|---|---|---|
| Transfers & Payouts | Card issuance, account services, and payout fees available on request | Virtual Accounts and Transfers pricing varies contact Bloc for enterprise rates |
| Free Tier / Trial Credits | Contact provider | Free to integrate |
| Rates & Additional Terms | Transaction and service-based pricing |
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