Thimsa is Ripae’s real-time payments platform, designed for businesses in the GCC that want to simplify collections, automate approvals, and move money instantly.
It’s how we help teams stop thinking about payments… and just let them happen.
Thimsa uses open banking to send payments directly from bank to bank. This reduces processing fees and removes the need for third-party gateways.
The platform follows your internal approval steps. Teams can review and approve payments from one place.
Payments are sent and received in real time. This improves cash flow and reduces the time spent reconciling transactions.
We support teams across payments, strategy, and infrastructure, making sure your stack performs smoothly no matter which rails you run on. Our role is to connect payments to the rest of your business, not just your gateway.
Move funds directly between bank accounts – no batching, no manual clearance, no third-party delays. Real-time payout means faster ops, cleaner reconciliation.
Thimsa automates tasks like invoice matching, approval routing, and duplicate detection. It’s built to follow your current finance logic, not force a new one.
Integrated access to pre-vetted lenders inside the platform. Request, review, and receive financing without switching systems or waiting on PDFs.
Real-Time Payments are electronic transactions that are initiated and settled instantly, providing immediate availability of funds to the recipient. They work by leveraging a network that connects banks and financial institutions, facilitating the transfer of funds in real-time across accounts, often using a mobile, internet, or ATM interface.
RTP systems rely on advanced technologies, such as Application Programming Interfaces (APIs), cloud computing, and scalable databases, to ensure fast processing and settlement. These systems also incorporate messaging standards like ISO 20022 to support rich data exchange and ensure interoperability between different financial institutions.
For businesses, RTPs offer improved cash flow management, faster invoicing, and reduced operational costs from streamlined payment processes. Consumers benefit from immediate access to funds, enhanced payment convenience, and financial transparency. Both parties enjoy a more reliable and efficient payment experience.
The primary challenges include the need for significant technological investments by banks and financial institutions, payment service providers (PSPs), ensuring compliance with regulatory frameworks, managing fraud risks, and achieving interoperability across different payment networks globally.
RTP systems are anticipated to integrate with emerging technologies, such as blockchain and AI, to enhance security and operational efficiency. Expansion in global markets will likely lead to broader adoption and the development of cross-border real-time payment systems, further enhancing the global financial ecosystem.
Some regions at the forefront of RTP adoption include the United States (with systems like RTP Network and FedNow), Europe (via SEPA Instant Credit Transfer), the United Kingdom (Faster Payments Service), and India (Unified Payments Interface or UPI). These regions showcase the diverse use cases and benefits of RTP systems in action.
We’ll walk you through how RTP can work within your current systems.