The Instant Payment System (SIPS) is at the core of SPS’s offerings, providing real-time payment capabilities that allow individuals and businesses to transfer funds instantly, 24/7. This service eliminates the delays associated with traditional banking processes, ensuring that money moves quickly and efficiently across the financial ecosystem. SIPS is designed to support a wide range of transactions, from peer-to-peer transfers to business payments, enhancing liquidity and enabling faster economic activities.
Providing a range of payment channels for in-person, in-store and online transactions, SIPs ensures interoperability among the financial services sector key players including banks, mobile wallet operators, payment services aggregators, etc.