GIRO, an automated clearing house operator in Hungary, has launched an instant payments platform with help from Nets.
The new solution, RealTime24/7 enables GIRO to manage 500 to 600 transactions per second, it claims. Over the past few months, the company tested it with over 120 million testing transactions.
The software is now available in Hungary, with plans to extend its release to Denmark, Italy, Slovenia, and Norway.
GIRO CEO Selmeczi-Kovács Zsolt said, “Launching real-time payments in Hungary not only marks an important step for GIRO, but for the whole Hungarian financial market. We have been working closely with Nets throughout the implementation process and been reassured of the product and partnership value we were looking for when completing the tender and vendor selection process.”
Earlier in the year, Nets acquired Finnish payment technology providers Poplatek and Poplapay.
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