PS-PayHub
Enterprise payments hub for financial institutions
Founded
1989
Starting Price
Custom
Category
Payment Processing
Last updated May 22, 2026
About PS-PayHub
PS-PayHub by ProgressSoft is a cloud-native, payment-type-agnostic hub platform that centralizes and orchestrates end-to-end payment management for banks and financial institutions. It supports account-to-account, bulk, instant, direct debit, domestic and cross-border payments across Swift MT, ISO 20022 (MX) and local market infrastructures, with built-in CBPR+ readiness and an MT-to-MX translator.
Pros & Cons
Pros
- Native ISO 20022 architecture future-proofs against Swift migration deadlines
- Single platform replaces multiple siloed payment engines across rails
- CBPR+ translator eases gradual MT-to-MX migration without big-bang cutover
- Cloud-native and scalable for high transaction volumes
- Proven deployments in Tier-1 banks across the GCC region
Cons
Key Features
Payment-Type Agnostic
Handles account-to-account, single, bulk, deferred, instant, direct debit, domestic and cross-border payments from a single platform.
ISO 20022 Native
Built as a native ISO 20022 system with integrated support for legacy MT-based messaging to ease digital transformation.
CBPR+ Ready
Cross-Border Payments and Reporting Plus compliant with native CBPR+ message workflows and guidelines.
MT/MX Translation Layer
Embedded Swift CBPR+ translator converts MT messages to MX and vice versa for both outward and inward transactions.
Smart Correspondent Management
Centralized management of correspondent banking relationships with intelligent routing rules.
Intelligent Payment Routing
Routes payments based on predefined parameters across local, regional and cross-border rails.
Real-Time & Standing Orders
Supports real-time, post-dated and standing order processing within the same orchestration layer.
Pricing
Enterprise
Custom/contact sales
- Full payments hub platform
- ISO 20022 and Swift MT support
- CBPR+ ready with MT/MX translator
- Smart correspondent management
- Open API integration
Best For
Bank Payments Modernization
Replace fragmented legacy payment engines with a single hub supporting all payment types and rails.
ISO 20022 Migration
Adopt ISO 20022 natively while keeping MT interoperability via the embedded translator.
Cross-Border Payments
Process CBPR+ compliant cross-border transactions alongside domestic instant and bulk payments.
Correspondent Banking Orchestration
Centralize correspondent relationships and routing across multiple market infrastructures.
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