The flexibility of instant payments, in a turnkey solution
Flik is the national instant payments app for 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.
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 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 application dedicated to merchants works like a POS: the merchant enters the amount and it transmits the instant payment request to the customer via QRCode.
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 service represents the extension of this partnership within the payments domain.
Flik has been launched by the largest 15 banks across Slovenia and has over 100,000 registered users. It has attained a high level of popularity, with a rating of 4.8 on the Play Store.
Flik 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.