Cross-Border Payments
Transactions Cleared on an Immediate Basis
Cross-Border Payments
Be the bank of choice for cross-border payments
Tap into the Southern African Development Community’s (SADC’s) R600 billion cross-border trade market with fast, affordable regional payments. While payment volumes into the region tripled to R19 billion, traditional banking channels remain too slow and expensive for growing SMEs.
Find your competitive edge by integrating into Transactions Cleared on an Immediate Basis (TCIB).
A single connection to every participant with the near-real-time speed and pricing needed to capture market share.
Electrum’s Solution
How Electrum solves for TCIB
Give your clients access to near-real-time SADC transactions and become the primary bank for regional cross-border payments. Reduce traditional processing delays through a single integration with Electrum TCIB.
Become the bank your customers rely on
Over 60% of South Africa's regional payments to SADC are made at least once per month. TCIB gives you a regular customer touchpoint.
Implement TCIB without disruption
Easily access TCIB by using your existing payment infrastructure while we translate messages into the required format.
Effortless scheme compliance
Maintain confidence that your TCIB solution will always be scheme-compliant as Electrum updates any rule changes on your behalf.
Electrum’s Solution
Own how your customers engage with your cross-border payments offering. Electrum TCIB does not interfere with your front-end. You can keep TCIB invisible, let them choose the rail, or add an immediate payment option.
Trusted Implementation
Electrum’s Solution
Resilient cross-border payments without legacy constraints
Ensure your clients' cross-border payments are faster and more reliable via Electrum’s Multi-Rail Cross-Border Payments platform, which includes TCIB.
Add new rails as you create revenue or strategic opportunities.
Maintain security by decommissioning rails without impacting your core systems.
Control your margins by routing transactions to the most commercially beneficial rail.
Keep up with the latest trends
Built with the agility to support new and emerging transaction types, specifically when it comes to handling high-volume, low-value transactions.
Don't let your existing system hold you back!
