Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Castler Launches India’s First Escrow Management API Sandbox for Fintech Players | ET CIO

Castler, a leading fintech company, has recently launched India’s first-ever Escrow Management API Sandbox for fintech players. This innovative platform will enable fintech companies to test their products and services in a secure and controlled environment, ensuring that they meet the necessary regulatory requirements.

The Escrow Management API Sandbox will provide fintech companies with access to a range of features and functionalities, including the ability to create and manage escrow accounts, initiate and track transactions, and generate reports. This will help fintech companies to streamline their operations and improve their overall efficiency.

One of the key benefits of the Escrow Management API Sandbox is that it will enable fintech companies to comply with the Reserve Bank of India’s (RBI) guidelines on escrow accounts. These guidelines require that all transactions involving escrow accounts be conducted through a secure and regulated platform, which is exactly what Castler’s Escrow Management API Sandbox provides.

In addition to providing a secure and regulated platform for escrow transactions, Castler’s Escrow Management API Sandbox also offers a range of other benefits for fintech companies. These include access to a range of APIs and SDKs, which can be used to integrate the platform with other systems and applications.

Overall, the launch of India’s first Escrow Management API Sandbox is a significant milestone for the fintech industry in India. It will help to promote innovation and growth in the sector, while also ensuring that fintech companies are able to operate in a secure and regulated environment.