Bivial AG Revolutionizes Payments with 24/7 Instant Swiss Franc Service
Bivial AG, a leading Swiss financial institution, is excited to announce a groundbreaking development in payment processing with the introduction of instant 24/7 Swiss Franc (CHF) payments. This innovative feature is enabled through the SIC Instant Payments (SIC IP) clearing system. As a pioneering entity in adopting this national infrastructure, Bivial now empowers its clients to send and receive Swiss Franc payments effortlessly, any time of day, all year round.
Quick and Efficient Payment Processing
With this new service, Bivial clients can process payments of up to CHF 20,000 in less than 10 seconds, day or night, including weekends and holidays. This remarkable speed ensures that transactions are seamless and efficient, catering to the fast-paced demands of modern business environments.
Enhancing Global Payment Capabilities
This launch is a continuation of Bivial's robust global payments capabilities, which encompass offering Swiss IBAN accounts in over 19 currencies. Customers now have the ability to send payments to more than 160 countries worldwide. Furthermore, clients can fund their accounts, cards, and wallets using various preferred payment methods, thereby ensuring convenience and flexibility. The added capability of real-time CHF payments represents a significant enhancement to Bivial's service offerings.
CEO's Vision for the Future of Payments
Martynas Bieliauskas, CEO of Bivial, expressed enthusiasm about this significant advancement. He stated, "This is a great step forward in delivering real-time financial services in our home market. By combining instant CHF payments with our existing global infrastructure, we are providing businesses with a unified platform to manage liquidity, execute faster payouts, and improve their overall cash flow.” This customer-centric approach underlines Bivial's commitment to supporting businesses with efficient financial solutions.
Supporting a Modern Payments Ecosystem
Through this rollout, Bivial plays a crucial role in Switzerland's transition to a modern, real-time payments ecosystem. The institution ensures complete connectivity with other SIC IP participants, thereby enhancing the overall payment experience while maintaining its global reach across various currencies and payment methods.
About Bivial AG
Bivial AG is a deposit-taking financial institution that is authorized and regulated by the Swiss Financial Market Supervisory Authority (FINMA) under the Swiss Federal Banking Act. The institution specializes in providing modern Swiss accounts and cross-border payment solutions for digital businesses. Bivial stands out as the first Swiss-licensed fintech company dedicated to working exclusively with e-commerce, digital entrepreneurs, and social media influencers. The goal is to empower these digital businesses through borderless, scalable, bespoke business accounts and flexible payment solutions.
Frequently Asked Questions
What is the new service offered by Bivial AG?
Bivial AG has launched a service that enables instant 24/7 Swiss Franc payments through the SIC Instant Payments system.
How fast can payments be processed with this new service?
Payments can be processed in under 10 seconds, available at any time, including weekends and holidays.
What are the benefits of this instant payment system?
This system provides quicker transactions, improved cash flow management, and supports modern financial operations for businesses.
In which currencies can clients hold accounts at Bivial AG?
Clients can hold accounts in over 19 currencies, enhancing their global financial capabilities.
How does Bivial AG support digital businesses?
Bivial AG offers access to IBAN accounts for various currencies and efficient payment solutions tailored for digital enterprises.
