Faster payment systems have been actively developing in the last five years, but they were invented already in 70-80 years of the last century. Active implementation was hindered by a complicated model of operation, as transfers required a bank account.
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Instant transfers
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WE OFFER
Instant transfers
Low fees
Business Integration
24/7 Support
Security First
Global capabilities
Partner payment systems
How to use fast transfers
There are no difficulties in making payments. A client needs to perform only two actions to make a transaction.
The first is to register in the system or connect a solution for your bank account. Usually, fast transfers are already provided by the application interface of the participating banks. Some companies offer separate solutions that need to be downloaded and installed on your smartphone.
The second thing is to make a payment. The algorithm of sending funds may differ from one fast payment service to another for high-risk trading accounts. To send funds, you need to specify your mobile phone number, bank account number or user ID to whom you are transferring money. Then confirm the transaction. The client receives the funds within a few minutes.
One number is enough to make a transfer, you do not need to enter additional data. This simplifies the creation of applications for money transfer.
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In what situations are fast transfers between individuals useful?
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Answers to common questions
In 2008, the Bank of England launched a service that supports b2b, b2c, c2b and p2p payments. Since 2014, users have been able to transfer money between accounts with no fee by mobile phone number.
All services are provided by Fin&Pay Partners OÜ
(Harju maakond, Tallinn, Kesklinna linnaosa, Juhkentali tn 8, 10132; Registry code: 16757225)
BillBlend acts as a payment brand for Fin&Pay Partners OÜ
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