Programmable and automated payments via smart contracts
Traditional financial transactions can be complex, slow, and prone to errors or disputes.
Managing conditional payments, such as those tied to commercial contracts, project milestones, or supply agreements, requires manual controls that slow down processes and increase costs.
What if payments were made automatically only when agreed conditions were met?
Paybe is an innovative payment programmability platform tested within the Regulatory Sandbox program of the Bank of Italy, with the support of some of the main Italian banks.
The final information from the Bank of Italy on the experiment is available here .
Paybe uses smart contracts to automate payments, ensuring that transactions only occur when pre-defined conditions are met. Thanks to blockchain technology, every payment is immutable, traceable and verifiable.
The system allows you to:
Reduce the risk of errors and disputes thanks to digital certification
Integrate payment terms with business processes
Define rules and conditions for automatic payment execution
