Welcome to RTpay

Real-Time Solutions for Remittances, Benefits and Government Payments

RTpay is a not for profit organisation which actively promotes and helps develop innovative Real Time solutions using modern, tried and tested, Real Time technologies.

We work with governments, tax authorities, fraud analysis and transaction specialists, credit card companies and banks to create Real Time solutions and approaches for national and international information and financial transfers.

Digital Payments, Transfers and Remittances

A joint report by the World Bank Development Research Group, the Better Than Cash Alliance, and the Bill & Melinda Gates Foundation to be submitted to the G20 Group emphasises the importance of digital payments, transfers and remittances for the G20 goals of broad-based economic growth and financial inclusion.

Global RemittancesThe report urges strong action by G20 countries and other stakeholders to ensure that G20 policy objectives in the key areas of financial intermediation and increasing efficiency of and access to payment, savings, insurance, and credit services are achieved.

Identifying a sharp reduction of costs and increased transparency of remittances as a key factor in achieving these goals, the report also identifies regulatory difficulties as a crucial barrier in achieving financial inclusion and fairness in cross-border person-to-person payments.

The report urges the G20 to create an enabling environment that fosters private-sector innovation, to encourage new business models to address the critical concerns that confront regulators, including anti-money laundering and counter financing of terrorism (AML/CFT), and to encourage governments and regulators to take on board the guidelines produced by The Financial Action Task Force (FATF).

At RTpay we advocate the introduction of a global real-time system that will facilitate cross-border person-to-person remittances, using sophisticated monitoring and fraud checking to ensure that identities are verified and FATF guidelines adhered to so that regulation can be applied with a lighter touch.

Furthermore, by offsetting the foreign exchange costs associated with these remittances – often vital in ensuring the economic well-being of immigrant workers’ families back home – against purchases by higher net worth individuals in developing countries, the overall cost can be brought down to well below the G20’s stated target of under 5%.

Contact us for more information on RTpay’s proposals.

For the full report to the G20, see http://www.gatesfoundation.org/~/media/GFO/Documents/What%20We%20Do/G20%20Report_Final.pdf


Real Time tax collection

The advantages of Real-Time collection can be applied not only to indirect taxes such as VAT but equally to a range of other national and international central financial collection and distribution systems, including PAYE and Benefits Payments.

Tax collection ratios can be significantly improved if electronic transactions are processed using a coherent, coordinated and centralized system, particularly if due tax can be collected during the course of the payment.

With efficient tax collection leading to greater tax revenue, it becomes more feasible for benefits to be paid, infrastructure to be improved and sustainable capacity building to be achieved – and financial inclusion can become part of every citizen’s opportunity.

The RTpay Central Server System

RTvat is working proactively with a number of governments and organisations to develop systems which are efficient, effective and resistant to fraud.

Working with tax authorities and tax organisations worldwide

RTpay are proactive in working with national and international groups to support the use of innovative technology solutions in tax collection. We provide technical expertise, consultancy and application solutions on a not-for-profit basis.