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OUR PRODUCTS

Chella Switch

INDUSTRY

Payments

CUSTOMER SEGMENT

Central Banks

FUNCTIONAL AREA

Payments and Settlement

National payment switch designed ground up for frontier markets - cost effective, highly scalable and cutting edge

Chella Switch enables central banks to host a cost-effective yet very rugged and secure infrastructure, for electronic payments. It handles RTGS, batched settlements and bulk payments for government's payments. It includes clearing and settlement at the central bank. 

 

The design ensures that lost or hanging packets are eliminated through novel message protocols, and provides certainty to all messages, for all stakeholders. This eliminates the need for expensive and time consuming reconciliations.

 

Uses a hub and spoke model that can scale to a very large number of banks and  daily transfers.

KEY BENEFITS

High speed and efficient next generational national payment switch for central banks to deploy next generation payment and clearing systems.

  • Simple to use with excellent user experience

  • Developed ground up with developing and frontier markets in focus. 

  • Allows for fully automated and semi automated integration for banks

  • Integrated platform for payments, clearing and settlement - eliminating operational risks

  • Designed to eliminate all settlement risks

  • Cutting edge architecture using cost efficient components and tools

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HOW IS CHELLA SWITCH DIFFERENT?

Rugged inter-bank funds transfer system covering RTGS, batched settlements and bulk payments. Designed entirely on open-source, and for frontier markets

Iftas

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