The Almond API provides a secure, standardized framework for facilitating cross-border payments and settlements. Almond API suite streamlines the end-to-end payment lifecycle—including initiation, validation, routing, and settlement—enabling financial institutions and enterprise clients to execute international transactions with enhanced efficiency, reduced operational costs, and complete transparency.
Intended Audience: This documentation is designed for developers, technical architects, and integration engineers responsible for implementing Almond's payment infrastructure within their organization's systems.
Almond's proprietary Settlement Optimization Engine leverages advanced algorithms to identify the optimal routing path and execution timing for each cross-border settlement. The engine dynamically secures competitive foreign exchange rates while minimizing transaction costs—all in real-time and without manual intervention.
Key Capabilities:
- Intelligent Routing – Automatically selects the most efficient settlement path
- Real-Time FX Optimization – Captures favorable exchange rates as market conditions change
- Zero Manual Intervention – Fully automated decision-making and execution
- Cost Reduction – Minimizes fees through optimal route selection
Almond operates a robust global network comprising:
- Centralized Exchanges (CEXs) – Trusted digital asset exchanges for currency conversion and blockchain transfers
- Payout Partners – Licensed financial institutions and payment service providers for local disbursement
- Blockchain Networks – Secure, transparent ledgers for cross-border asset movement
This multi-layered infrastructure ensures reliability, compliance, and speed across all supported payment corridors.
Almond's payment process consists of two distinct, sequential phases designed to optimize both cross-border transfer and local disbursement:
Objective: Transfer value from source country to destination country efficiently and cost-effectively.
Description: Moving funds from client's account in the source country to the prefund account in the destination country, via Almond's proprietary smart routing logic.
Process Flow:
Fund Source Account
The client funds its Almond account in the source country from its Originating Account.
Get a Quote
The client requests a rate quote from Almond
Approve & Execute
Review and approve the quote. Almond locks the rate and processes the settlement.
Confirmation
Almond confirms the successful deposit of funds in fiat and sends a notification to the client.
Objective: Disburse funds from the prefund account to a beneficiary's account in the destination country.
Description: Following settlement, clients can request Almond to transfer funds from their prefund account to a third-party beneficiary's account locally in the destination country. This is a local transfer with no currency conversion or cross-border movement. Payouts are optional.
Process Flow:
Payout Initiation
Client initiates a payout request via the Almond Payout API, specifying beneficiary details and payout method.
Compliance & Validation
Payout undergoes regulatory screening and validation checks.
Local Disbursement
Payout Partner executes the transfer through domestic banking infrastructure.
Beneficiary Receipt
Funds are delivered to the beneficiary's designated bank account or mobile wallet.
Figure : Almond Flow