External institutions
Connected to PayNow API
26 Mar 2026
Reconciliation engine

Match bills, payments, and settlements with confidence

Institutions move from bill issuance to citizen payment to bank settlement using a controlled reconciliation workflow.

Matched payments
92.6%
Automatically confirmed
Unmatched payments
518
Need finance review
Pending settlements
1,247
Awaiting bank confirmation
Avg. close cycle
T+1
Most institutions

Matched payments

The engine confirms bill reference, institution, amount, and settlement ledger dimensions before closure.

Straight-through processing

Unmatched queue

Operations teams review amount variances, duplicate posts, and delayed bank files without losing audit traceability.

Exception handling

Settlement readiness

Pending settlements are grouped so finance officers can release batches only after treasury confirmation.

Risk-aware workflow

Reconciliation flow

Reference process from bill issue to settlement confirmation.

StepOwnerOutputStatus
Government bill issuedInstitutionBill in PayNowComplete
Citizen paysCitizenPayment createdComplete
Payment recordedTransaction serviceLedger updateComplete
Bank settlementSettlementBatch availablePending
Reconciliation confirms matchInstitution financeClosed itemIn progress