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

Unified interface to International Payment Networks

Differential pricing for Debit and Credit cards

Standard operating rules set by BOM

Reduce infrastructure acquisition or ownership costs for all stakeholders

Reduction in merchant fees and PoS installation costs

Panamax, Inc.