Unique Value Proposition
- Available to customers as a secure web portal with 2FA or via the service APIs.
- Account Validation: Allows Account numbers Validate prior to payment.
- Transaction Status notification
Touch Points
- Web Portal
- API Integration
NIBSS PAY is a front-end application that processes bulk payments for remittances, salaries and other multi-beneficiary payment purposes.
Bulk payments processing for the modern enterprise
The basic architecture of the product is ‘debiting one account to credit one or multiple accounts’. The account to be debited is referred to as the ‘Funding Account’ which is profiled on the NAPS platform by the Customer’s Bank; alternatively, the NEFT & NIP platform can also be used to process bulk payments.
