Blikk offers a real-time account-to-account payment solution that eliminates intermediaries like card networks, enabling secure and instant transactions for merchants and consumers. This technology addresses the inefficiencies and delays associated with traditional payment methods, providing a streamlined payment experience.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment methods rely on intermediaries like card networks, leading to transaction fees and delays for both consumers and merchants. These intermediaries add complexity and costs to each transaction.
Solution
Blikk provides a real-time, account-to-account payment solution that bypasses traditional card networks, enabling instant and secure transactions. By eliminating intermediaries, Blikk reduces transaction costs and ensures immediate settlement. The platform supports both consumer-initiated and merchant-initiated payments, offering flexibility for various transaction types. Blikk leverages recent regulatory changes within the European Union (PSD2) to foster competition and innovation in financial services. Blikk is licensed and supervised by the Financial Supervisory Authority of the Central Bank of Iceland as a payment institution, providing payment initiation and account information services.
Target Audience
Blikk targets consumers seeking fee-free transactions and merchants aiming to reduce payment processing costs.
Features
- Real-time account-to-account transfers
- Elimination of intermediaries, reducing transaction costs
- Consumer-initiated and merchant-initiated payments
- Integration with CreditInfo for streamlined merchant onboarding
- Mobile application for consumers
- Merchant portal for transaction management
- Compliance with PSD2 regulations