NEARSOFT Integrates SPIN into its Digital Banking Platform for Clients in Portugal | Nearsoft News & Awards

NEARSOFT, a leading provider of digital banking solutions, has successfully integrated the SPIN (Numeric Identifier Payment System)system into its digital banking platform. ()

Now live , this new functionality allows NEARSOFT's bank clients in Portugal to perform transfers using only the recipient's phone number, eliminating the need for an IBAN (International Bank Account Number).

Launched by the Banco de Portugal, SPIN has been gradually implemented since June 24, 2024, and will be mandatory for all banks by September. This service aims to simplify and expedite transfers between accounts.

Integrating SPIN into NEARSOFT's platform underscores our commitment to delivering cutting-edge solutions tailored to the banking sector's evolving needs.
With this feature, banks using NEARSOFT’s Digital Banking Platform can offer faster and more convenient transfers, significantly enhancing the customer experience.

NEARSOFT's extensive expertise in Digital Banking continues to drive the sector’s transformation, offering Omnichannel Platforms that integrate Online Banking, Mobile Banking, Client Onboarding, and more.
The integration of SPIN marks another milestone in our mission to create modern, customer-centric banking solutions for the financial institutions that trust our products and services.