Faster Payments
The UK’s domestic real-time payments rail, up to GBP 1 M per transaction.
Faster Payments is a real-time payment rail routed by KeyBS Pay. The UK’s domestic real-time payments rail, up to GBP 1 M per transaction.
Payouts routed through Faster Payments settle to beneficiary accounts in GB. Where Faster Payments is available for the destination country, it is the default rail for eligible payouts.
Every Faster Payments payout is subject to KYB, KYC and sanctions screening. Pricing is disclosed in full before approval; failed payouts return a signed webhook event with a machine-readable reason code and remain refundable per program policy.
Corridor mechanics at a glance
Every KeyBS Pay payout follows the same operational contract; only the rail changes.
How a Faster Payments payout moves through KeyBS Pay
Faster Payments settles in real-time on eligible GBP destinations.
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Faster Payments by industry
Faster Payments developer resources
Frequently asked questions
What is Faster Payments?
The UK’s domestic real-time payments rail, up to GBP 1 M per transaction.
How fast is Faster Payments?
Real-time. Actual settlement time is disclosed pre-approval and confirmed by signed webhook once the beneficiary bank acknowledges the credit.
Which countries can I reach through Faster Payments?
GB. Availability is beneficiary-bank-dependent; the router falls back to wire if the beneficiary bank is not on Faster Payments.
What currencies are supported on Faster Payments?
GBP is the primary settlement currency for Faster Payments. Multi-currency corridors are supported where the rail permits.
What limits apply on Faster Payments?
Rail-specific ceilings apply; the platform surfaces them pre-approval. Higher-value transactions are automatically routed to wire.
Is Faster Payments available 24/7?
Real-time rails (including Faster Payments) operate around the clock. Batch and wire rails follow the local banking window.
How do I integrate Faster Payments?
You don’t. KeyBS Pay abstracts rail selection: submit a payout to POST /v1/payouts and the router picks the fastest eligible rail. Use "method": "auto" (default) or force a specific method where policy requires.
Is Faster Payments regulated?
Yes. KeyBS Pay routes Faster Payments payouts only through partners licensed for the destination corridor.
Can I get a Faster Payments settlement report?
Yes. Per-rail, per-corridor reconciliation reports are available in the dashboard and via API export.
What happens if a Faster Payments payout fails?
Failed payouts return a signed webhook event with a machine-readable reason code. Funds remain in the source ledger and can be re-routed or refunded.
How is pricing set for Faster Payments?
Quote-based, disclosed in full pre-approval. No undisclosed intermediary-bank deductions on eligible local rails.
Can I use Faster Payments for consumer payouts?
Yes, where the beneficiary and route policy permit consumer flows. Stablecoin routes are business-only.
Are there cutoffs on Faster Payments?
Real-time rails have no cutoffs. Batch and wire rails follow local banking-day windows; cutoffs are shown at quote time.
Does Faster Payments support idempotent retries?
Yes. Every KeyBS Pay payout carries an Idempotency-Key so retries after transient errors are safe.
Which industries use Faster Payments most?
Marketplaces, cross-border trade, workforce and NGO programs are the largest users of Faster Payments on the KeyBS Pay platform.
Route your first Faster Payments payout
Rail selection is automatic — you never have to pick one manually unless program policy requires it.