FSIC-Admin
October 5, 2026
Approved Submissions
Digital Payments and Financial Infrastructure
BestBrain ICT Solutions Ltd
Many micro and small businesses experience difficulties managing digital payments received through different channels, including bank transfers, payment links, and point-of-sale terminals. Transaction records may be scattered across multiple applications, making it challenging for business owners to reconcile sales, identify delayed or unsuccessful payments, monitor cash flow, and maintain reliable financial records. These challenges can lead to administrative inefficiencies, payment disputes, inaccurate bookkeeping, and difficulties demonstrating business performance when seeking financing. Small businesses with limited technical resources may also find it costly to adopt separate payment management and accounting systems.
PayLink SME is a proposed payment management and reconciliation platform that would provide small businesses with a consolidated view of transactions from participating payment service providers and financial institutions. Through authorized integrations, the platform would match incoming payments with sales records, flag transactions requiring attention, and generate simple daily, weekly, and monthly summaries. Merchants would receive transaction status notifications and be able to identify payment discrepancies through a centralized dashboard. The platform would use secure authentication, role-based access, appropriate encryption, and clear consent arrangements for connected financial accounts. It would not independently hold customer funds or initiate transactions unless separately authorized and appropriately structured. By simplifying payment reconciliation and recordkeeping, PayLink SME aims to help small businesses improve operational efficiency and build more reliable financial histories.
Fintechs, Government / public-sector organizations, Other
