Fime, well-known for its testing and advising services in the areas of digital identification, smart mobility, and payments, uses its knowledge to help businesses introduce reliable and safe solutions.

Fime and BancNet's partnership is primarily intended to support the InstaPay service. The cooperation guarantees financial institutions taking part in InstaPay can effectively test and deploy their rapid payment solutions in line with the ISO 20022 international standard for financial messaging by allowing them to use Fime's Test Factory platform.

Fime's automated and cloud-based testing platform integration is expected to shorten the onboarding period for InstaPay members, expediting the delivery of immediate payment services to customers. In addition to reducing time-to-market, this simplified procedure guarantees a flawless testing and certification process for all concerned parties.

Fime has supported BancNet's goal to allow the secure, effective, and dependable delivery of payment services in the Philippines since 2014, according to Elmarie Reyes, CEO of BancNet, who expressed gratitude for the company's long-standing support. We can contribute to the banking industry's efforts to further enhance InstaPay usage and enable more individuals to make instantaneous payments anywhere, at any time, with Fime's ongoing support.

Regarding the ongoing collaboration, James Daniels, SVP of Fime's Asia Pacific, added, "We look forward to building on our ten-year partnership with BancNet to help take its InstaPay service to the next level." Our objective is to assist BancNet in swiftly and effectively integrating its members into the ecosystem. With the automated test tool making payments straightforward, simple, and affordable, we are happy to help the Philippines' efforts to promote financial inclusion and digitalization.

Fime is adept at bringing potent improvements into the realm of reliable transactions in the future. With a global staff of over 900 professionals, the firm helps customers gain a competitive edge and expedite product market entrance by combining local insights with a global cross-industry perspective.