Money in seconds – Open Banking Payments deliver cash in “real-time” to give merchants a helping hand
Open Banking is fast. For the fastest payments, the merchant received money in their account in as little as 4 seconds. That is, 4 seconds after the payer completed the authorisation, the money was sitting in the merchant’s account at Nuapay, available for them to use to move or make other payments. FOUR SECONDS! And that isn’t unusual – approximately 5% of payments arrive that fast.
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