NETS Instant Payments
What is NETS Instant Payments?
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Why NETS Instant Payments?
High-speed, robust transaction handling
NETS Instant Payments is a high-volume, high-speed real-time electronic funds transfer system that can operate 24/7, every day of the year. It paves the way for banks to receive funds quickly for bill payments, online purchases, remittances, and personal payments − payment types that cannot be realised by multiple batch processing.
Fastest round trip end-to-end payment transaction in the world
As the fastest end-to-end system and the first in the world with ISO 20022 certification for real-time direct debit, NETS Instant Payments offers precision and security for all transfers, providing immediate confirmation within 15 seconds.
NETS Instant Payments is the foundation for multi-currency cross-border money transfers, reducing costs associated with cheque and cash payments, and enhancing STP (straight-through processing) and reducing reconciliation errors.
Meeting all needs
Businesses are better equipped to provide payment transaction services to unserved or under-served communities. Our solution can cover areas where physical banking infrastructures are not viable and provides options that were previously not available due to existing inherent limitations.