CBD's Innovation in Instant Payments Qorus Banking Innovation Awards 2023

CBD's "Instant Payment Platforms" offer a host of features that redefine the payment experience: • Instant Domestic and International Payments: Facilitating swift and hassle-free payments across more than 20 corridors. • Immediate Settlement: Payments, whether local or cross-border, are settled within 30 seconds, ensuring lightning-fast transactions. • Omni-Channel Integration: A seamless integration that services bank-wide payments, enhancing accessibility for customers. • Simplified Two-Step Process: CBD has simplified payments into a two-step process, making it easier for customers to transact. • Real-Time Payment Tracking: Providing end-to-end visibility until the beneficiary is credited, ensuring transparency. • Multi-Currency Payment: Enabling effortless transfer of multi-currency payments through a wide range of aggregators across payment corridors. • Collaboration with FinTechs: Partnering with FinTech companies to cater to low-income customer segments, expanding financial inclusion. • Payment Pre-Validations: Offering accurate beneficiary information, thereby minimizing payment returns. • Real-Time Anti-Money Laundering (AML) Checks: Preventing payment rejections through real-time AML checks.