APIs, the next business evolution in digital economy

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Paybay integrated Tytn platform which manages payment services, ticketing, loyalty, couponing and e-government services, by using “WSO2″ platform.

WSO2 API Manager allows different business units to design, develop, integrate, monitor and secure their API, without exposing own servers and databases directly.

The Web APIs represent the next business evolution in digital economy, always online and connected, in which the access to resources and business services is done in a programmatic and regulated way.

The Paybay’s approach is based on APIs, to increase development collaborations with partners and the interactions among team inside the company.

The platform enables teams to publish the APIs on a store (e.g a market place like App Store or Play Store), to document and test them, and to establish certain SLA (service level agreement) depending on the partner type.

API visualisation and subscription is regulated by access credentials, while the use of the API is handled through WSO2 Identity Server.

WSO2 Identity Server, is able to support all authentication and authorization protocols, interfacing, also, with different databases and external federated systems that store the users identities..It allows IT administrators to configure permissions of users with different roles on the resources like APIs, web portals etc.

The success in the application is related to the ability to define new business channels and to create and nurture effective partner ecosystems. That is why companies open their data and applications to partners, developers, mobile app and cloud services.

Big companies are creating APIs. As a result, the growth and adoption of APIs has sky-rocketed. Twitter receives over 13 billion API daily calls or 60% of eBay’s listings are done through their API.

The rise of API has created a common language for the New Enterprise. The API phenomenon is creating a hyper-connected world, as well as new channels and business strategies for enterprises.

 

Posted on 20 April 2015 in News, Technology

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