Magic provides a white‑label SDK that lets banks embed NFC and QR payment link generation into their iOS, Android, and React Native apps, enabling instant, one‑click transfers within chat flows while keeping all compliance and risk controls on the bank’s own infrastructure. The tokenized, time‑limited links settle instantly on local payment rails such as SPEI, SEPA Instant, Pix, and UPI, reducing manual data entry and support overhead.
Funding
Funding not disclosed
Founders
Product
Problem
Banking apps often lack a seamless way to initiate payments directly within chat or messaging flows, forcing users to switch contexts, manually enter recipient details, and endure slow settlement on traditional payment rails. This friction leads to higher error rates, increased support calls, and delayed fund transfers.
Solution
Magic offers a white‑label SDK that banks can embed into their iOS, Android, and React Native applications, enabling users to generate NFC or QR payment links directly from chat conversations. Each link is tokenized, time‑limited, and settles instantly on the bank’s existing local payment rails (e.g., SPEI, SEPA Instant, Pix, UPI), while all compliance, KYC/AML, and risk controls remain within the bank’s infrastructure. Recipients can claim payments with a single tap after their initial detail entry, reducing manual data entry and support overhead. The SDK is fully brandable, allowing banks to maintain their visual identity and trust signals while leveraging Magic’s proven user experience patterns.
Target Audience
Primary customers are retail and digital banks that want to embed instant, low‑friction payment capabilities into their mobile apps and messaging experiences.
Features
- NFC and QR link generation for in‑person or chat‑based transfers without exposing account details
- One‑click claim workflow for repeat recipients, minimizing data entry errors and support interactions
- Full white‑label customization of colors, logos, and trust cues to match the bank’s brand
- Integration with a wide range of local instant payment rails (SPEI, SEPA Instant, Pix, Faster Payments, UPI, Bizum, Blik, etc.) while the bank retains custody and execution
- SDK runs inside the bank’s infrastructure, preserving existing KYC/AML, transaction monitoring, and risk limit controls
- Cross‑platform support for iOS, Android, and React Native applications