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.
- 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