This is a Pesalink solution that is available at the check-out point on ecommerce platforms, to enable merchants collect real time payments into their respective bank accounts.
This functionality permits a user on the eCommerce platform to use their phone number as a unique identifier linked to their bank account, and a one-time password (OTP) for transaction verification, without having to leave the online site.
Pesalink P2B payment is a solution that enables merchants to receive real time payments from their customers’ bank accounts into their respective bank accounts.
Since the solution is available across the banks, it instantly improves merchants’ collection process where they benefit from instant payment. The service is available 24/7 and therefore, has no limit as to when a merchant can receive their collections for the day.