Creating financial consumer products is complicated, expensive, and time-consuming. Connecting with banks, designing a solution, and meeting regulatory requirements ends up affecting time-to-market. This also delays the monetization of the bank’s infrastructure.
Here’s where TransXT comes into the picture.
TransXT is a simple, instant, secure, and scalable platform that elevates the process of transacting money across banks, businesses, fintech, start-ups, and consumers. It is a one-stop solution that connects the entire spectrum of banking transaction services. The innovation aids users in establishing newer revenue streams and increasing revenue. Companies can create a coherent internal ecosystem with this model and eliminate technological friction within their systems.
Businesses today need efficient and reliable solutions. Besides, banks are not tech-efficient and cannot spend time fulfilling each of their customer requests. Here is where TransXT comes into the picture. It has the capability to provide clients with effective solutions with its ready-system blocks in no time; thereby making fintech-bank integrations more efficient.
TransXT – revolutionising payments:
TransXT is a plug-and-play API Banking Platform that enables businesses to go live in an instant. It can integrate easily into existing systems. This unified platform creates a payment marketplace for customers and paves the way for effortless digital payments.
Advantages of integrating TransXT as a Banking-as-a-Service platform:
- Pay-per-use model
- Highest transaction success rate
- Customised solutions
- Instant activation
- PCI DSS complaint
- 24X7 customer support
- Secure payments with 256-bit encryption
- Tailor-made solutions
How does TransXT integrate seamlessly across different ecosystems?
Fintech: TransXT brings digital services out of the bank and makes them available to Fintech companies in the form of plugins – simple and quick. It enables Fintech to focus on market and business instead of integrations and operations! Fintech can use functionalities such as money transfers, bill payments, Aadhaar-enabled payments, UPI-based solutions and others.
Corporates: If you are looking to make your payments simpler, TransXT’s cutting-edge technology is what you need. Employees get more convenience with real-time and paperless reimbursement. It includes generating secure payment links, card management, branding with every transaction, and so much more. It facilitates ‘anytime and anywhere’ payouts at your fingertips.
Banks: For banks, integration between internal systems and compliance requirements is a challenge. With TransXT, all banking systems are integrated with ease at once. This allows banks to expand their digital banking portfolio and work as a digital banking platform. Furthermore, the solution provides the user with a reconciliation and settlement module that gives the bank full control and also presents the user with in-depth analytical reports to provide visibility.
Network aggregators: It assists aggregators in offering their customers online or cash-initiated assisted payment services through API and White Label solutions. TransXT enables services such as money remittance bill fetches, payments and recharges (including mobile and DTH recharges), UPI/QR code payments, AEPS (Aadhaar Enabled Payment Service) based withdrawal, micro-ATM/mPOS services, and also supports e-stores using the assisted model at the kiosk/retail locations.
TransXT is the best-in-class API banking platform. Now businesses can focus on their core expertise while TransXT takes care of the backend integrations for payments. It is best suited to your needs and provides business-specific solutions as per requirement.
Want to know more about how TransXT can empower your business? Get in touch with us!