Paynow – a Payment Gateway Optimized for Conversion and Revenue Growth Qorus-Infosys Finacle Banking Innovation Awards 2025- Nominated

Paynow is a modern payment gateway developed by mBank and mElements, designed to meet the needs of the rapidly growing eCommerce market. The service is aimed at online merchants offering products and services, regardless of their size or industry. Thanks to its scalability, Paynow is suitable for all segments of corporate clients.

The main goal of Paynow is to enable fast, secure, and convenient online payment processing. It authorizes various types of direct payments, transfers funds and payment data between the online store and the merchant’s bank account, and integrates directly with the merchant’s mBank account and transactional system, which they use for daily financial operations.

One of the biggest challenges during the implementation of Paynow was the need to carry out the entire process remotely. Due to the COVID-19 pandemic, the implementation team never met in person. Despite this, the project was successfully completed, demonstrating a high level of organization and innovation.

What sets Paynow apart from other solutions is its full integration with the bank account and transactional system. Users benefit from single sign-on (SSO) access and can view all payment data in one place. Additionally, funds from online sales are transferred to the merchant’s account on the same day, significantly improving cash flow. The user interface is optimized for mobile devices, and the entire system is cloud-based, ensuring flexibility and easy scalability.

Paynow is more than just a payment tool – it is a comprehensive solution that supports the growth of eCommerce by combining modern technology, security, and convenience within a unified banking ecosystem.