National Payment Switch
Panamax National Payment Switch enables integration of multiple banks, MNOs, Fintech companies, billers/aggregators and other digital ecosystem players to provide a seamless customer experience and increase uptake of digital financial services. The payment switch routes individual transaction settlement requests for the bank to a central switch, instead of being routed through the multiple international card schemes. The switch provides a single interface with all global card payment processors that enter into an agreement with it for transaction processing of their locally issued cards.
Key Features
  • Standard interface with all banks
  • Instant fund transfer system
  • Real-time debits and credits
  • Payment by alias
  • PSD2 Implementation
  • Rapid integration with any Core Banking Platform

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Key Benefits
Direct interface with Bank’s Clearinghouses
Direct interface with Bank’s Clearinghouses
Unified interface to International Payment Networks
Unified interface to International Payment Networks
Differential pricing for Debit and Credit cards
Differential pricing for Debit and Credit cards
Standard operating rules set by BOM
Standard operating rules set by BOM
Reduce infrastructure acquisition or ownership costs for all stakeholders
Reduce infrastructure acquisition or ownership costs for all stakeholders
Reduction in merchant fees and PoS installation costs
Reduction in merchant fees and PoS installation costs