GLOSSARY
BaaS (Banking as a Service)
A model where licensed banks expose banking capabilities to other companies via APIs, letting them embed accounts, cards, or payments.
Banking as a Service (BaaS) lets non-bank companies offer banking features by using APIs from licensed banks or providers.
With BaaS, teams can embed account opening, issuing cards, or payment rails into products without building their own core banking stack. It reduces compliance overhead and speeds up go-to-market for fintech features.
In the product
Where this term matters in operation.
The glossary is not meant to be academic. It explains the language teams use in Kotao while selling, planning, paying, reporting, and automating.
In sales
Terms like this appear inside POS, checkout, bookings, offers, and customer communication.
In back office
Finance, inventory, HR, and reporting need the same meaning so reports do not drift apart.
In integrations
APIs, imports, webhooks, and exports work better when teams use the same definitions.
Related terms.
API (Application Programming Interface)
A set of rules and protocols that allows different software applications to communicate with each other.
Business Technology Platform (BTP)
A platform layer for APIs, integrations, and data pipelines that connect core systems.
Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.