POBO infrastructure for PSPs
Enable your clients to send international payments through your infrastructure while preserving their identity throughout the payment chain.
The beneficiary sees your client as the sender of funds.
You remain the regulated institution processing the transaction.
Why POBO?
Traditional payment rails often display the PSP as the sender of funds. This creates reconciliation issues, compliance queries and post-payment investigations.
How it works
Neo POBO preserves the identity of the underlying sender while keeping the PSP visible as the issuing institution.
Acts as the regulated institution processing the payment. Appears as the Debtor Agent.
Appears as the sender of funds. Displayed as the Debtor in the message.
Receives a payment showing the name of the underlying client.
Platform features
Manage underlying clients, counterparties and payment activity directly from the platform.
Designed for transparency
Neo POBO supports richer payment information across the chain, helping reduce RFIs, repairs and compliance-related delays.
Coverage
Available to regulated PSPs whose clients operate within Neo’s country and sector risk appetite.
currencies, including USD
countries covered
Eligibility
POBO clients must operate through a dedicated Neo client account. Treasury and corporate movements require separate accounts.
POBO by Neo
Enable your clients to remain visible as the sender of funds
while leveraging Neo’s payment infrastructure.
More info
Payments On Behalf Of (POBO) is a payment model whereby a financial institution, treasury centre, payment service provider, or designated payment entity initiates and settles payments on behalf of one or more underlying entities, while maintaining transparency regarding the ultimate originator of the funds within the payment message and supporting records.
Straight-Through Processing (STP) is the automated processing of a payment instruction through all stages of the payment lifecycle – from initiation to settlement – without manual intervention, exception handling, or re-keying of data by the sending institution, intermediary banks, or beneficiary bank.
Official foreign currency exchange partner
