Account Linking

Account linking is another overlay service in instant payments that allows users to link multiple bank accounts to a single payment app or platform. This service provides users with a single view of all their accounts and enables them to initiate transactions from any of their linked accounts.

With account linking, users can enjoy a seamless payment experience, where they can initiate payments from any of their accounts without having to switch between different apps or platforms. This service can also provide users with a better understanding of their overall financial position, allowing them to manage their finances more effectively.

In addition, account linking can enable new payment services that are not possible with a single account. For example, users can use funds from different accounts to split a bill, make a charitable donation or pay for a group purchase. Account linking can also be used to enable instant payments between different countries or currencies, providing a more convenient and efficient international payment experience.

However, it's important to note that account linking involves sharing sensitive financial information between different accounts and platforms, which raises concerns about data privacy and security. As such, it's crucial that appropriate security measures are put in place to ensure that users' information is protected from unauthorized access or misuse.