Magex
P2P payments: This market is valued at over 8 billion dollars in the US and growing rapidly throughout the world


The Magex Platform provides all the components necessary for financial services organizations to develop fully functioning P2P payments services. This service is targeted at small online businesses and auction sellers that require quick, secure, and reliable payments but are too small to be card-acquired. Magex provided this solution in the United Kingdom market for The Royal Bank of Scotland with its NatWest FastPay service.

Magex provides the underlying account management and transaction management service, connections to various funding and withdrawal tools (for example, ACH connections, debit cards, credit cards, and POS networks), templates for customized branding, and the necessary financial reports for regulatory compliance. All these services are delivered under an efficient managed service model that guarantees rapid design and deployment for immediate impact.


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