What is Instant Payment?
Instant Payments means paying or receiving payments instantly. Instantly means within a few seconds, anytime, 24/7/365 days a year. Instant Payments are also known as 'immediate payments' and 'real-time payments'. It is the ability to move funds instantly, clearing the transaction and crediting the payee's account with confirmation to the payer within seconds of payment initiation, between people, businesses and government authorities.
How can Instant Payments help your business?
The payment industry is moving at a rapid pace. E-commerce, goods and services are traded every second of every day. Payment providers all around the world need to stay ahead of the curve to:
Faster Payments & Collections. Meet customer's demands and expectations.
Boost business growth by offering holistic payment solutions 24/7/365.
Join our schemes to facilitate instant transactions for future.
Keep a competitive edge by improving transaction speed.
Modern payment instruments for
The WalletsNet® Payments Platform provides world-leading capability for payments today and in the future.
Real-time clearing and settlement for domestic or international payments.
The WalletsNet® operates 24 hours a day, 7 days a week, 365 days a year.
Use ISO 20022 financial messaging data standards to facilitate across applications.
Key Features of WalletsNet®
Payment systems around the world are changing fundamentally to meet a growing demand for immediate payments and increasingly digital solutions. Instant Payments are set to drive the most significant transformation in the global payment landscape, as customers are expecting convenience and security as well as rapid, instantaneous processing of all their transactions. Instant Payments are the new normal.
ISO 20022 Native Services
Employs data and message models based on ISO 20022 standards helping you drive payments modernization and innovation, greater levels of automation and global messaging consistency
Cloud-Native, Built for Scale
Built on leading cloud services, We provides you with security and scalability that’s always available. Our cloud-native architecture is built for speed, responsiveness, and reliability and provides you with a strong foundation for innovation.
Instant Payment Service is available as a managed service, which provides operational efficiencies and helps to unlock a future of growth and opportunity.
Ease of Integration
Our flexible framework delivers simple and fast integration with eWallet, digital wallet and other payment institution.
Benefits of WalletsNet®
Our platform builds on a modern and agile architecture and an extremely efficient and highly scalable millisecond instant core. Our ability to deliver real-time clearing services with an open API architecture permits easy customer delivery of services in a trusted environment.
How it works?
Transactions settle immediately and funds are instantly accessible, compared to traditional ACH systems that require longer.
Pay or receive money in real time.