SOTpay and NuaPay join forces to offer Link-pay-bank, a revolutionary open banking payment solution

SOTpay and NuaPay have collaborated to launch Link-pay-bank, an innovative open banking payment solution. This cutting-edge product combines SOTpay's Pay-by-link with NuaPay's Account2Account Open Banking technology to create a comprehensive package for businesses that require a customer-not-present payment solution.

Link-pay-bank utilizes open banking technology to provide secure, real-time transactions. Customers can make payments directly from their bank accounts, eliminating the need for a physical card or card machine. The product offers a fast and seamless payment experience, with the added benefit of multichannel payment options such as phone, email, SMS, web chat, and social media.

The Link-pay-bank solution has numerous benefits, including real-time payments that are processed instantly, ensuring a smooth payment experience for customers. The solution also utilizes open banking APIs to guarantee the security of transactions and compliance with regulatory requirements. Additionally, customers can make payments from any device with internet access, making it easy to complete transactions on-the-go.

"Link-pay-bank is perfectly positioned to revolutionize the payment industry lowing transaction fees up to 50%," said Jason Mace, CEO of Gala Technology.

The Link-pay-bank solution offers numerous benefits, including:

• Real-time payments with an instant bank settlement, saving up to 50% on transaction fees.
• Security: Link-pay-bank uses open banking APIs to ensure that transactions are secure and comply with regulatory requirements.
• Convenience: Customers can make payments from any device with internet access, making it easy to complete transactions on-the-go.
• Eliminates chargebacks, as there is no credit card data or acquiring third party.
• No required PCI DSS Compliance standard, because there is no credit card data.
• Faster payment process in 13 seconds, with same day settlement to your bank account.

Link-pay-bank is available now and can be easily integrated into existing payment processes. To learn more about this game-changing payment solution, please visit the Gala Technology website.