Bank Pay Now

Bank Pay Now, a Payment infrastructure built on top of FedNow and UK NPA, a system backed by the USA and UK, guarantees secure and cheap money transfer. Bypass the legacy rails, the middlemen and complicated cost structure. The US Federal Reserve Bank is currently developing FedNow, which is the first new payment system in the US in over 50 years UK NPA is developed by UK’s payment system operators. It is the replacement of the UK's legacy payment systems. Existing payment systems are not instant, charge massive payment processing fee and merchant gets funds in days or even weeks. Bank pay now facilitates accounts to accounts payments, funds are moved from your customers account to you in seconds with immediate confirmation. Payments are 85 % cheaper than existing payments systems. E-Commerce Merchants- Enable your customers to pay, without using card details. Collect money instantly direct from your customers bank account to yours at about 85 % less costs. Corporates- Corporates can improves their operational efficiency, cash flow and reduce the risk of late payments. Businesses can streamline their Accounts Payable and Receivable processes, by reducing the cost, time and effort involved in invoicing and payment processing. They can open bank account instantly, streamline reconciliation and earn better interest rate of money sitting idle. Employers & Instant Payroll providers- Give your employees instant access of their earned pay. Daily or weekly, before the traditional scheduled payday. Provide greater financial wellness support for employees. Integrates with existing Payroll, ERP and Banking applications. Subscription or reoccurring payments- Billers can simplify their payments sign up and customer approval process for subscription and reoccurring payments. Billers can send instant direct debit or reoccurring payment requests to the customers bank account, customers can approve these from their banking app and start taking payments.