The Finofo blog

In this article, we explore DuitNow, Malaysia's innovative payment network. We'll discuss its key features, benefits, and how it is revolutionizing financial transactions across the country. Learn how DuitNow enhances payment efficiency and security, making it a vital component of Malaysia’s financial infrastructure.

The top 5 accounts payable metrics finance leaders should track in 2025 and how to use them to transform accounts payable into a powerful growth engine.

The Clearing House Automated Payment System (CHAPS) is a high-value payment system in the UK, primarily used for large, time-critical transactions. Renowned for its reliability and efficiency, CHAPS is often employed for significant financial exchanges like property purchases or large corporate transfers, providing same-day settlement as long as instructions are received within the cut-off time.

The Single Euro Payments Area (SEPA) represents a significant step in financial integration across Europe, standardizing euro-denominated bank transfers within the EU and EEA. This article delves into SEPA's framework, its impact on European transactions, and its role in harmonizing the payment landscape.

SPEI-CoDi, standing for Sistema de Pagos Electronicos Interbancarios - Cobro Digital, is a transformative digital payment system in Mexico. It represents a significant leap forward in the country's journey towards a cashless and digitally empowered economy. SPEI-CoDi is designed to facilitate secure, efficient, and instantaneous transactions for both individuals and businesses, drastically simplifying the process of digital payments and promoting financial inclusion across the nation.

In Canada, non-bank FX brokers are entities that specialize in foreign exchange services, offering an alternative to traditional banking institutions. Their service offerings include currency exchange, risk management, and solutions for handling international transactions, primarily aimed at businesses. These brokers operate on a relationship-driven model, focusing on establishing and maintaining client relationships in the FX market.

In this article, we explore the NAPAS payment network, a n important system of Vietnam's digital payment infrastructure. We'll delve into its key features, benefits, and how it is transforming financial transactions across the country. Learn how Napas enhances the speed, efficiency, and security of payments, playing a crucial role in Vietnam’s economic development and digital transformation.

QuickBooks, with its impressive user base surpassing 7 million in North America, has become a staple in modern business financial management. Esteemed for its intuitive design and comprehensive suite of features, QuickBooks adeptly caters to a range of business needs, from managing intricate payroll systems to streamlining complex invoicing processes. This widespread popularity underscores its effectiveness in simplifying financial tasks for businesses of all sizes.

In this article, we explore the SIC payment network in Switzerland. Discover how this system supports real-time gross settlement, its key features, benefits, and its crucial role in the Swiss financial infrastructure. Learn how SIC ensures efficient, secure, and timely transactions across the country.

In this article, we explore Sweden's advanced payment systems: RIX-RTGS and RIX-INST. We'll understand their unique features, benefits, and how they serve the Swedish financial infrastructure.