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The flexibility of instant payments from your phone

Flik Pay is the multibank instant payments app used by 10 banks across Slovenia. Created for Bankart, it allows users to send money from their phone to anyone in their contact list and to pay for purchases in stores.

Key Features

This instant payment solution consists of two applications, one for the private user, and one for merchants who can offer this payment method in addition to credit cards, debit cards or cash.

Using Flik Pay is easy. After a quick enrolment, users can make instant payments to another person in three simple steps: select the beneficiary, enter the amount and add a message.

The beneficiary receives a notification message for the incoming payment. To collect the payment, the beneficiary must register in the system.

Through Flik, it is also possible to send payment requests, again using only the phone number. The recipient receives a notification and will be able to decide whether to accept or decline.

The instant payment app for individuals is complemented by Flik POS, an instant payment app for merchants. The merchant enters the amount and transmits the instant payment request to the customer by displaying a QR Code. The customer scans the QR Code to complete the payment.

Why did Bankart choose Fabrick as a partner?

The collaboration between Bankart and Fabrick started several years ago with the adoption of Fabrick’s award-winning HCE wallet for contactless payments. The instant payment apps represent the extension of this partnership within the payments domain.

Results

Flik has been launched by all of the banks in Slovenia and has over 100,000 registered users. The Flik Pay app has attained a high level of popularity, with a rating of 4.8 on the Play Store.
Collaboration on the Flik apps represents how Fabrick works with other players in the financial ecosystem to deliver value for customers. In this case Fabrick worked with Nets and Bankart to deliver an innovative instant payment solution.

Shaping finance, together

Fabrick is an B2B2C ecosystem of skills, technologies and services that foster the co-creation of customized financial solutions through a technology backbone, the Fabrick platform