About Magic Payments

Magicpayments aims to enable the P2P payment to become a mainstream means of money transfer

MagicPayments


Magic Payments is a company that aims to set up a new paradigm for Peer 2 Peer (P2P) payments by allowing recipients of P2P Payments (via the Magic Payments platform) to securely redeem the payment in any wallet of their choice rather than being forced to sign up with the wallet operator of the sender. P2P payments have not really picked up since wallet operators only allow P2P payments between their customers. Effectively, the recipient of P2P payment is forced to sign up with the wallet operator of the payment originator. In retail banking this would not be acceptable, so why for P2P payments?