Account

An account on Qolo platform holds balance in a designated currency, and also acts as a transaction ledger. The balance in the Account can be accessed by a Qolo issued card in the same wallet, or the balance can be sent to another Account or an Outside Instrument.

Qolo supports multiple types of Accounts, mainly:

1. PROGFUND Account - As a pre-funded program account
2. GENERAL Account - Issued to end user or cardholders
3. COLLECTION Account - Created for a Company to collect funds from multiple accounts
4. REVENUE Account - To ledger fees or revenue for a program