Banked is the architect of a new global payment network offering a real alternative to the card schemes. Consumers now have a way to pay without entering financial data and connecting directly with their mobile banking app. There is no need to create an account, no financial details are shared, authorisation is biometric, and the merchant receives the funds in real time and in full. Fees are up to 90% lower than the traditional payment methods and fraud is virtually eliminated which should help promote lower prices for consumers.
Banked also enables businesses to drive customer engagement and loyalty with incentives and rewards integrated into the payment experience.The company currently has an international team of over sixty employees across nine geographies, attracting talent from payment innovators such as Visa, Mastercard, PayPal, PayU, N26 and Checkout, bringing rich payments experience to the business.