Tristan Blampied, Senior Product Manager at Pelican, talks about the rise of real-time payments, the challenges in meeting performance demands, the compliance requirements of instant and how off the shelf platforms can help.
2 features that we activated before releasing InstantPay in Nigeria were name validation and instant alerts. This helped to ensure the beneficiary name was confirmed by their bank, and they received a notificaiton immediately their account was credited.
This was a major tool in growing trust in the systems and processes as well as increasing the velocity of money.
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