Postman API Network vs Zyla API Hub: Finance & Payments API Comparison

Understanding the Need for Finance & Payments APIs

• Data Accuracy: Manually handling financial calculations can lead to errors and inconsistencies.
• Time Consumption: Building financial functionalities from scratch is time-consuming and resource-intensive.
• Integration Complexity: Integrating multiple financial services can be cumbersome without a unified platform.

API Comparison: Postman API Network vs Zyla API Hub

Loan Calculation API

Loan Calculation API is designed to help users create applications that offer comprehensive loan amortization schedules. This API allows developers to accurately calculate and visualize loan amortization schedules based on user-entered parameters.

Key Features and Capabilities

• Calculate Payments: This feature allows users to calculate loan payments by specifying the annual interest, start date, installments, and principal amount.

[
    {"date":"2024-09-23","interest":83.33,"principal":2045.41,"payment":2128.75,"balance":22954.59},
    {"date":"2024-10-23","interest":76.52,"principal":2052.23,"payment":2128.75,"balance":20902.35}
]

Real-World Use Cases

Visit the developer docs for complete API reference.

Loan Amortization Calculator API

Loan Amortization Calculator API calculates the repayment installments for any loan passed to it. This API is particularly useful for creating online loan calculators for consumers.

Key Features and Capabilities

• Calculate Repayment: This feature returns a detailed loan repayment schedule, allowing users to see how much money they pay in principal and interest over time.

[
    {"date":"2020-01-02","interest":5.83,"principal":8330.66,"payment":8336.49,"balance":91669.34},
    {"date":"2020-02-02","interest":5.35,"principal":8331.15,"payment":8336.49,"balance":83338.19}
]

Real-World Use Cases

Try the API playground to experiment with requests.

Forex API

Forex API provides access to real-time exchange rates for over 190 currencies. This API is crucial for applications that require accurate currency conversions.

Key Features and Capabilities

• Get Latest Rates: This feature allows users to retrieve USD-based rates every 10 minutes.

{
    "bs":"USD",
    "ts":1692112793,
    "rt":{"AED":3.67,"AFN":84.31,"ALL":95.67}
}

• Currency Conversion: Users can convert amounts between two currencies, with rates updated every 10 minutes.

{
    "ts":1692113393,
    "vl":10.93
}

Real-World Use Cases

View the integration guide for step-by-step instructions.

Interests Calculator API

Interests Calculator API allows developers to incorporate compound interest calculations into their applications easily.

Key Features and Capabilities

• Get Interests: Users must enter the initial investment, annual contribution, duration, and interest rate to receive calculated compound interest amounts.

{
    "apy":"5.61%",
    "compound_interest":"€258.49",
    "investment_returns":"€4862.55"
}

Real-World Use Cases

Check out the API documentation to get started.

Instant Forex Rates API

Instant Forex Rates API provides exchange rate data crucial for smooth financial transactions and accurate currency conversions.

Key Features and Capabilities

• Available Currencies: Users can retrieve a list of all available currencies.

[
    {"symbol":"USD","name":"United States Dollar"},
    {"symbol":"EUR","name":"Euro"}
]

• Conversion Currencies: Users must indicate two currencies and an amount to convert.

{
    "success":true,
    "result":{"from":"USD","to":"EUR","amountToConvert":10,"convertedAmount":9.07}
}

Real-World Use Cases

View the integration guide for step-by-step instructions.

The Current Interest Rates API

Current Interest Rates API enables developers to access real-time interest rate information from central banks and benchmarks worldwide.

Key Features and Capabilities

• Get Interest Rate: Users can obtain the latest interest rate information from various central banks.

{
    "central_bank_rates":[
        {"central_bank":"Australian Central Bank","country":"Australia","rate_pct":4.35,"last_updated":"11-08-2023"},
        {"central_bank":"British Central Bank","country":"United Kingdom","rate_pct":4.75,"last_updated":"11-07-2024"}
    ]
}

Real-World Use Cases

Try the API playground to experiment with requests.

Payment Card Verification API

Payment Card Verification API ensures the accuracy and legitimacy of credit card data before authorizing transactions.

Key Features and Capabilities

• Card Validation: This feature validates any credit card based on its BIN number (first 6 digits).

{
    "status":200,
    "success":true,
    "isValid":true,
    "data":{
        "bin_iin":"453936",
        "card_brand":"VISA",
        "issuer_name_bank":"CITIBANK KOREA INC."
    }
}

Real-World Use Cases

Check out the API documentation to get started.

Currency Calculator API

Currency Calculator API facilitates global financial transactions by providing currency exchange rates and seamless integration for diverse applications.

Key Features and Capabilities

• Get Currencies: Users can retrieve a list of available currencies.

{
    "status":"success",
    "currencies":[
        {"code":"AED","name":"UAE Dirham"},
        {"code":"EUR","name":"Euro"}
    ]
}

• Conversion: Users can indicate a base currency and one or more target currencies along with an amount to convert.

{
    "status":"success",
    "source":"USD",
    "amount":1,
    "results":[
        {"currency":"EUR","price":0.93},
        {"currency":"JPY","price":147.27}
    ]
}

Real-World Use Cases

Visit the developer docs for complete API reference.

Why Choose Zyla API Hub?

• Unified Platform: One account provides access to multiple APIs, simplifying management and integration.
• Single SDK: Developers can integrate multiple APIs using a single SDK, reducing complexity.
• Consolidated Analytics: Zyla provides comprehensive analytics and monitoring across all APIs, enhancing performance tracking.
• Reliability: Zyla's infrastructure ensures high uptime and reliability, crucial for financial applications.
• Enhanced Developer Experience: Comprehensive documentation and consistent API response formats improve the overall developer experience.

Conclusion