Request to Pay
Request to Pay
What is Request to Pay?
Request to Pay System is a value-added service that aims to improve customers’ usage experiences in the Instant and Continuous Transfer of Funds – FAST System.
The Request to Pay System is based on the principle that the payee customer requests payment from the payer customer, and the payer customer responds to this request.
Role of BKM in the Request to Pay System:
BKM is the operator of the Request to Pay System among Payment Service Providers.
Request to Pay Flow;
The Payment Request created is realized by checking the PSPs to which the relevant accounts of the parties are linked.
BKM acts as the operator of the Request to Pay System among the relevant PSPs.
Individuals or institutions receive payment request information via instant notification and receive a response regarding payment.
Depending on the response given, the payment is triggered and directed to the appropriate payment system.
You can find detailed information about the Request to Pay System via the link.