Peer-to-Peer payments are recommended for non-business cashless transactions between private persons. iPSP offers a peer-to-peer payments engine that allows to use almost any source and destination of funds for both the sender and the recipient, while maintaining the highest levels of compliance with AML/KYC norms. Having a peer-to-peer payment enabled permits mobile operators and marketplaces to avoid being in possession of customers funds, even for a short time.
Potential users
- Online marketplaces
- P2P loan brokers
- Mobile Operator
Benefits
- Ensured customer satisfaction
- Simplified accounting
- Easier compliance
Features
- A rich selection of supported sources and destinations
- Immediate settlement, where regulations permit
- Escrow (for example, conditioned by the delivery of a good or service)
- AML/KYC compliance
User interfaces supported
- USSD-interface
- Web Payment Gateway
- API payment gateway
- SMS
- Popular messaging apps
