National Payment Systems

Infra powering a real-time world

Central Banks have beyond stability one major task: seamless interconnection between devices and players in the payment networks to offer a speedy and safe distribution of funds. Apart from an efficient economic system, this has become more apparent in recent times when entire communities were hit by Covid. Infrastructures, national switches, central banks and banks were put to the test to deliver in real time.

Technology players whose expertise goes way beyond the user interface into the complexities of connecting various rails across countries can help build switches fast, future facing and secure. BPC is your partner in this complex domain building agonistic payment rails for any country.

Connecting rails, and worlds

Direct participants like banks, card issuers and merchant acquirers equally rely on good national payment switches that ensure interoperability. Payment type agnosticism is the norm and instant is the required speed. New regulation to encourage innovation is fulfilling the technology potential of open APIs and sandboxes. Australia’s NPP and Open Banking regulation is just one example, Singapore, Bahrain, South Africa and others are following suit.