Nets, a market leader in the European payments industry, and Bankart, a number one Slovenian company in the field of processing of modern payment instruments, are ready to go live with an instant payment solution in Slovenia after final approval in the Slovenian Central Bank. In February, Bankart goes live with Nets' RealTime24/7, enabling transactions between Slovenian banks to become cleared in less than a second.
Paul Francis Walvik-Joynt, Senior Vice President, Payments International, Nets, says: “Nets is proud that our client Bankart has announced it has been approved by the Slovenian Central Bank to go live with a new payment system based on our RealTime24/7 Instant Payment platform.”
As along with delivering the Instant Payment module, meaning payments between any two bank accounts in Slovenia can be cleared in under a second, Bankart will also be processing regular credit transfers exchanged in files for example bill payments, salary pay-outs and pensions in its new payment platform.
The implementation from the RealTime24/7 clearing system from Nets has enabled Bankart to pave the way for an entirely new payments infrastructure, in which a variety of payments services could be integrated into mobile solutions, request payments and more.
Aleksander Kurtevski, Managing Director, Bankart, says: “We will deliver a future proof solution produced for a whole new ecosystem that enables new services. This will ensure that the Slovenian community will have access to services with a great consumer experience and that payments remain economical.
“Instant payments are an evolution and also the future of payments, and Bankart is proud to deliver this to the Slovenian market in cooperation with Nets,” Kurtevski continues.
Exciting developments in the European market
Nets has won instant payment tenders in a number of European countries, with Italy and Denmark already live and Hungary and Slovenia to produce in 2021. The implementation in Slovenia puts Nets one of the top providers of European instant payment platforms.
Nets sees great potential within the RealTime24/7 platform and is currently engaging with clients globally who've discovered the business potential of instant payments ecosystems and also the merits of the platform in terms of speed, fast delivery and low TCO.
“The experiences from our current deployments have given us an excellent product in RealTime24/7, with an open architecture permitting easy customer delivery of services inside a trusted environment to benefit users,” adds Walvik-Joynt. “The final preparations and impending go-live in Slovenia shows that implementation of instant payment solutions continues to spread across the Nordics, Europe and also the world.”