How to Implement
Guidance
Design for credit push transfers only.
Scheme rules mandate that payment messages are credit push transfers, i.e., initiated by the payer/sender. Messages that debit funds from accounts are not permitted as they may fail due to insufficient funds in the payer’s account.
Make funds available immediately.
Scheme rules require the receiver DFSP to credit the payee account or wallet instantaneously.
Mandate finality to provide confidence for the receiver.
Scheme rules mandate that a transaction is final (i.e., has achieved finality) once it reaches the payee’s account. At this point, the funds belong to the payee and can be withdrawn or transferred.
Why It Matters
This ensures certainty by providing immediate access to the funds by the receiver while also minimizing the risk and cost of failed payments due to insufficient funds.
Seeing More Clearly
Select a lens to learn the “why” this practice.
Women’s Inclusion
Women are often constrained by lower purchasing power and higher time poverty, making it essential that funds received can be used immediately for all needs. Further, the credit push nature of transfers ensures that women payers, who have lower trust in digital financial services, are in control of their funds.
Related Resources
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