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Inclusive and Instant Payments System (IIPS): Peer-to-Peer (P2P) Pricing Model White Paper v1.1

Designing Fair and Sustainable Pricing for National Instant Payment Systems


10 October 2025 - ThitsaWorks Pte. Ltd. is pleased to announce the publication of its latest white paper, “Inclusive and Instant Payments System (IIPS): Peer-to-Peer (P2P) Pricing Model v1.1.” This peer-reviewed paper presents a comprehensive and data-driven framework for developing a transparent, fair, and sustainable pricing model for Peer-to-Peer (P2P) transactions within a national Instant Payment System (IPS).


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Building Inclusive and Sustainable Payment Ecosystems


As countries move toward inclusive digital economies, national Instant Payment Systems play a critical role in enabling affordable, real-time, and interoperable transactions. However, establishing a sustainable pricing model that balances affordability for end users with financial viability for ecosystem participants remains a challenge for many central banks and switch operators.


The IIPS Pricing Model White Paper v1.1 provides a detailed methodology for designing equitable pricing structures that promote adoption, protect low-income users, and ensure the long-term sustainability of the system.


Key Features of the IIPS P2P Pricing Model


The framework offers actionable guidance for central banks, scheme governance bodies, switch operators, and digital financial service providers (DFSPs) seeking to implement or refine their national instant payment systems.


  • Two-Tier Pricing Framework: Balances affordability for low-value transactions with sustainable revenue from high-value transfers.

  • Revenue-Sharing Model: Defines transparent allocation of transaction fees among payer DFSPs, switch operators, and payee DFSPs.

  • Comprehensive Financial Modeling: Includes 36-month cost and revenue projections, demand forecasting, and sensitivity analysis.

  • Affordability and Inclusion Protections: Ensures equitable access for low-income and high-volume users.

  • Global Case Studies: Draws lessons from international systems including PayShap (South Africa), MauCAS (Mauritius), TIPS (Tanzania), and ZIPIT (Zimbabwe).


Commitment to Financial Inclusion

“Nationwide payment systems are built on trust as much as technology,” said Nyi Nyein Aye, Chief Executive Officer of ThitsaWorks. “By focusing on transparency, inclusion protections, and predictable fee structures, this framework aims to help central banks and ecosystem participants design systems that are both sustainable and inclusive.”

Author Acknowledgment


Authored by Kaung Wai Phyo and peer-reviewed by Candy Phyu Phyu Khin, this publication reflects ThitsaWorks’ continued commitment to building transparent, inclusive, and sustainable digital payment ecosystems. The research and technical teams’ collaboration ensured a practical, data-driven, and globally informed approach to pricing model design.


This white paper underscores ThitsaWorks’ ongoing commitment to advancing financial inclusion and enabling interoperability across digital financial ecosystems. It serves as a practical resource for policymakers, central banks, and financial institutions seeking to design robust payment infrastructure that drives inclusive growth.


Peer-reviewed publication released on 8 October 2025.





About ThitsaWorks


ThitsaWorks Pte. Ltd. is a leading fintech company headquartered in Singapore, dedicated to building inclusive, interoperable, and scalable digital financial ecosystems across Asia and Africa. Through innovative solutions, partnerships, and capacity-building initiatives, ThitsaWorks empowers financial institutions and regulators to deliver secure, real-time payment systems that promote access and trust for all.


For more information, please contact info@thitsaworks.com or visit www.thitsaworks.com.













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