How To Receive Payments Without Sharing Bank Details

Sharing bank details was never designed for the internet

For decades, receiving money meant sharing financial information.

People exchanged:

That approach worked when payments were largely local.

Today, people receive payments through global digital networks.

The internet evolved around identities. Payments are increasingly doing the same.

Receiving a payment often begins with sending payment instructions.

Those instructions may contain:

The process can feel unnecessarily complicated.

Every additional piece of information increases the chance of mistakes.

“Most people remember names far more easily than financial instructions.”

Modern payment collection affects far more than traditional businesses.

People receiving payments today include:

Many receive payments from multiple countries, platforms and customer groups.

Sharing complex payment instructions repeatedly creates unnecessary administration.

Receiving payments should be easier than managing payment instructions.

Payment identity replaces complicated payment instructions with something people already understand.

An identity.

Instead of sharing banking information, a user shares:

The concept is simple.

People recognise identities faster than they recognise financial information.

Identity creates familiarity. Familiarity creates confidence.

Payment handles simplify how payment destinations are shared.

Instead of distributing account information, users distribute identity.