Payment Switch
Efficient Payment Service:
Available around the clock, with real-time transaction support and seamless integration with RTGS, RIGS, and other payment and collection networks.
Secure Open Payment Ecosystem:
Manage third-party access and customer consent using OpenID standards, ensuring a secure and open payment environment.
Convenient Payment Tools:
Supports local and foreign currency payments, fast transfers using mobile numbers and email addresses, and QR-code payments.
Distributed Microservice Architecture:
Offers cost-efficiency, flexible scalability, and support for high-concurrency transactions, initially supporting up to 30,000 TPS with the ability to scale further.
International Standards Compliance:
Complies with ISO 20022 and ISO 8583 standards, facilitating seamless electronic data interchange and credit transfers across systems.
Security Design:
Implements robust security measures, including verified identification, access control, secure communication, data protection, and audit logs for end-to-end transaction security.
Account Verification & Credit Transfer:
Ensures account verification before fund transfer, with support for account-to-account transfers using ISO and MTI standards.
Request to Pay & Bill Enquiry:
Enables payee banks to send request-to-pay messages and allows customers to inquire about biller transaction details.
Credit Notification:
Provides secure credit notifications for goods and services, holding and releasing funds as needed for transactions.
Module and Features
Secure, Flexible Payment Processing Across Multiple Channels: The Payment module facilitates secure processing of transactions for goods, services, and subscriptions. Integrated with multiple gateways, it offers reliable payment handling, supporting both one-time and recurring payments seamlessly.
Account Verification Message
Sends verification messages to users for account verification.
Administration Message
Manages administrative messages within the system.
Alert Contact Management
Manages contact preferences for alerts and notifications.
Bill Inquiry Message
Facilitates bill inquiry messages for customers.
Credit Notifcation Message
Sends credit-related notifications to customers.
Credit Transfer Message
Handles messages related to credit transfers.
Direct Debit Message
Facilitates direct debit instructions for accounts.
Fee Management
Oversees the management of fees across transactions.
Liquidity Management
Manages the liquidity of accounts or wallets.
Message Simulator
Simulates system messages for testing purposes.
Netting
Manages netting of transactions to streamline settlements.
Participant Management
Oversees the management of participants in financial systems.
Payment Return Message
Handles messages related to returned payments.
Payment Switch Report
Generates reports related to the payment switch operations.
Proxy ID/Addressing Management
Manages proxy IDs and addressing in the system.
QR Query Message json
Handles queries related to QR payments via JSON messages.
Reconcilation
Manages the reconciliation of transactions and accounts.
Request To Pay Message
Handles requests to pay messages between parties.
Transaction Limit Management
Defines and manages limits on transaction amounts.
Transaction and Message Inquiry
Facilitates inquiries about transactions and messages.
What's included
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