Enabling Seamless Payments with PayLogic’s PayWay

Empowering a Real-Time World

Central Banks have a critical responsibility beyond maintaining stability: ensuring the smooth interconnection of devices and participants in payment networks to facilitate fast and secure fund transfers. This task has become increasingly apparent, especially during recent times when entire communities have been affected by the Covid pandemic. National infrastructures, switches, central banks, and banks were put to the test in delivering real-time payment services.

Technology providers with expertise extending beyond user interfaces to the complexities of connecting diverse payment systems across countries can help build fast, future-proof, and secure payment switches. PayLogic is your trusted partner in this complex domain, constructing versatile payment rails for any country.

Connecting Payment Rails and Bridging Worlds

Financial institutions such as banks, card issuers, and merchant acquirers rely on robust national payment switches that ensure interoperability. The norm is to support various payment types while delivering instant transactions. New regulations promoting innovation, such as Open Banking regulations, are unlocking the technological potential of open APIs and sandboxes.

Switch Routing Promoting an Inclusive and Thriving Economy

SuperApps, mobile banking initiatives, and niche fintech apps can perform better, faster, and at a lower cost with the support of modern central banks and up-to-date national switches. Inclusion and fostering digitalization within domestic markets, even down to the individual citizen, are goals shared by most countries.

A single-platform model opens up opportunities for competition and innovative new players that align themselves with specific business goals or target audiences in digitally advanced countries. Issuers, acquirers, enablers of inclusion, and payment facilitators can finally transfer funds instantly across multiple institutions and touchpoints within an open and secure network, all at a minimal cost.