Banks

Banks form an integral part of the payment ecosystem and play a crucial role in payment services by enacting multiple roles in digital payments corresponding to Acquirers, Processors, Issuers, Aggregators etc. facilitating transactions between payers and payees through various channels such as cards, digital wallets, A2A, Real-Time Payments (RTP), CBDC etc. They ensure the secure and efficient transfer of funds, leveraging technologies like CBDC, Open Banking and protocols like ISO 20022 to provide seamless integration with third-party financial services and Cross Border Payments. Banks help maintain the integrity and stability of the payment system by managing risks and complying with regulatory standards. NewNet offers comprehensive suites of payment solutions for the multiple payment roles that Banks play covering the full range of payment services with expansive capabilities of integrated payment platform and multimode, omnichannel payment solutions.