&Pay, a smartphone payment services connecting the MTI proprietary settlement system with affiliated banks to conduct transactions without needs for intermediary parties, such as credit card companies.
Consumers can transfer money between their accounts from a partnered bank to accounts of other parties directly with much conveniences. Tremendous benefits can be gathered from consumers with no hazzling needs to fill documents and risks of excessive spending while the stores can better optimize their cash-handling procedures creating more values to customers. Lastly, with its simplicity and straightforwardness, banks can reduce their receivable turn-over lead time hence, creating more benefits overall. In general, the experiences gathered from using &Pay services can encourage a more cashless beneficial society.