C2C Money Transfers for Users

The Challenge of C2C Money Transfers in the PPOB Industry

Consumer-to-consumer (C2C) money transfers are a crucial service offered by Payment Point Online Bank (PPOB) providers. However, managing these transfers can present several challenges:

• Ensuring fast and reliable transfers
• Handling multiple payment methods
• Managing liquidity and settlement
• Complying with regulations

To overcome these challenges and provide a seamless C2C money transfer experience, PPOB providers need a robust and reliable disbursement solution.

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Solutions

Brick offers a powerful tool to streamline C2C money transfers in the PPOB industry:

1. Disbursement API:
   Automate and process C2C money transfers using Brick's Disbursement API, ensuring fast, secure, and reliable transactions. The API supports multiple payment methods and allows for easy integration with existing systems.

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End-to-End Digital Goods Purchase and Processing Workflow

• Transfer Initiation:
  Customers initiate a money transfer through the PPOB provider's platform, specifying the recipient's details and the transfer amount.
• Payment Method Selection:
  Customers choose their preferred payment method, such as bank transfer, e-wallet, or cash deposit.
• Funds Collection:
  The PPOB provider collects the funds from the customer using the selected payment method.
• Transfer Processing:
  Brick's Disbursement API automatically processes the money transfer, securely routing the funds to the recipient's designated account.
• Recipient Notification:
  The recipient receives a notification indicating the successful transfer of funds and the availability of the money in their account.
• Settlement and Reconciliation:
  Brick's Disbursement API handles the settlement and reconciliation of funds between the PPOB provider and the recipient's financial institution, ensuring accurate and timely processing.
• Transaction Monitoring and Reporting:
  The PPOB provider monitors C2C money transfer transactions and generates reports for auditing, compliance, and performance analysis purposes.