Request for Payment

At a glance

Its a new service in BI-FAST that processes the transfer of funds via BI-FAST from 1 (one) paying customer (Payor) to 1 (one) receiving customer (Payee) by using the payment request instruction that was send from Payee to Payor via electronic.

Features and Benefits

Enables Digital Instant Collection Request

Instead of waiting for the sender to process the transaction.

Instant Settlement

Receipt of funds post acceptance through BIFAST rail.

Better Customer-Client Experience

With less steps to transaction completion; you only need to send the Request for Payment and your client will only need to accept it.

Matrix Authorization Capability

Can be set for incoming RFP on IDEAL; new matrix setup, or existing setup can be utilized for layers of security and convenience

FAQs

	What are the transaction fees and limit of Request for Payment?
	In terms of limit, it will follow BI-FAST current limit (which is IDR 250,000,000 / transaction) and regarding to the fees it is IDR 2500 / transaction whereby the fees will be collected from payor side.

	What channels that available for Request for Payment?
	DBS enable 2 types of channels, as a payee it will use via RAPID (API) and as a payor it will use IDEAL (Internet Banking).

	What is the latest cut-off time to submit Request for Payment?
	Request for payment will be available 24x7 which similar like BI-FAST transaction.

	What customers need to do to implement Request for Payment?
	Please contact Relationship Manager / GTS Team to discuss more detail on how these features will help and support the customer transactions especially for Collection part.

Get in touch

Make an online enquiry

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From overseas: +6221 8082 6902
In Indonesia: 1500380
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