Glossary
Terms you will meet across the product catalog.
Platform
Section titled “Platform”- Main balance — the single wallet balance per member; every product is funded from it and pays back into it.
- Holding — funds set aside inside a product (e.g. a saving goal), still owned by the member but not spendable until released.
- Top-up — adding money to the wallet from an external source.
- Withdrawal / disbursement — moving money from the wallet out to a bank account.
- Organization — a partner entity on the platform; members belong to one or more organizations.
- Member — an end-user who holds a wallet and uses the products.
- Org admin — a partner-side administrator who manages members and products on behalf of an organization.
Money rails
Section titled “Money rails”- QRIS — Indonesia’s national QR payment standard, for money in and out.
- Virtual account (VA) — a per-transaction bank account number used to receive a top-up.
- Settlement — confirmation that money has actually moved, usually via an asynchronous callback.
Shariah
Section titled “Shariah”- Akad — the Islamic contract underlying a product.
- Riba — interest; prohibited.
- Murabaha — cost-plus sale used for financing.
- Mudarabah — profit-sharing partnership.
- Wadiah — safe-keeping contract.
- Takaful — mutual protection based on donation (tabarru’).
- Zakat — obligatory alms.
- Wakaf — endowment.
- Sedekah — voluntary charity.
- Arisan — rotating savings group (saving circle).
Security
Section titled “Security”- Transaction PIN — a 6-digit PIN a member sets to authorize money-out.
- Step-up — an extra verification required at the moment of a sensitive action.
- Two-factor authentication (2FA) — a second login factor beyond the password.
- KYC — Know Your Customer; identity verification.