About Raimac

Raimac is a financial technology company helping businesses manage payments in a smarter, fairer way.

We specialise in supporting utilities, local authorities, and debt managers with automated repayment plans that reduce admin costs, improve outcomes and meet regulatory expectations.

Our platform also serves merchants and service providers, enabling flexible payment models; from pay-on-delivery to usage-based billing that increase sales without relying on consumer credit.

Our mission is to make payments work better for businesses and the people they serve.

FAQs on Programmable Payments

What are programmable payments?

Programmable payments are transactions that are automatically executed based on predefined rules and conditions, allowing for more flexible and tailored payment experiences.

How do programmable payments differ from traditional payment methods?

Unlike traditional methods, programmable payments can dynamically adjust the timing and amount based on real-time conditions, such as delivery confirmation or usage metrics.

What technology underpins programmable payments?

These payments often leverage technologies like APIs, smart contracts, and secure data streams to ensure transactions are executed precisely and securely.

Can programmable payments be integrated with existing payment systems?

Yes, programmable payments are designed to be integrated seamlessly with existing payment infrastructures, enhancing them with flexibility and automation without major overhauls.

What are some common use cases for programmable payments?

Common applications include subscription services, usage-based billing, milestone-based payments, and dynamic pricing models.

How do programmable payments enhance customer experience?

They offer customers more control and transparency over their transactions, leading to higher satisfaction and trust in the service provider.

What industries can benefit most from programmable payments?

Industries like e-commerce, utilities, telecommunications, and any subscription-based services can significantly benefit from the flexibility of programmable payments.

Are programmable payments secure?

Yes, they employ advanced security protocols and encryption to protect data and ensure transaction integrity.

How can businesses implement programmable payments?

Businesses can implement programmable payments by partnering with payment solution providers like Raimac that offer bespoke programmable payment platforms.

What are the regulatory considerations for programmable payments?

Providers must comply with relevant financial regulations, including those pertaining to customer data security and payment fraud.

How do programmable payments handle refunds and disputes?

The flexibility of programmable payments allows for automated and tailored resolution strategies, improving dispute handling and refund processes.

Can programmable payments reduce operational costs?

Yes, by automating complex billing processes and reducing the need for manual intervention, programmable payments can significantly lower operational expenses.

What role do AI and machine learning play in programmable payments?

AI and machine learning can analyze payment patterns and customer behavior to optimize payment schedules and amounts dynamically.

How do programmable payments support financial inclusion?

By allowing for customized payment plans and thresholds, programmable payments can make services more accessible to a broader range of customers.

What is the future of programmable payments?

The future likely includes wider adoption across various industries, deeper integration with AI technologies, and expansion into new markets like peer-to-peer payments.

How do programmable payments impact merchant cash flow?

They can improve cash flow by enabling faster and more reliable collection of payments based on the agreed-upon conditions.

Can consumers control their payment options in programmable payments?

Yes, consumers can often choose or modify their payment terms within the parameters set by the service or merchant, enhancing control and satisfaction.

What is the difference between programmable payments and Buy Now, Pay Later (BNPL)?

Unlike BNPL, which typically extends credit to consumers, programmable payments are structured around allowing payments to be made under flexible conditions without necessarily offering credit.

How does real-time data influence programmable payments?

Real-time data can trigger payments instantly based on the specific actions or events agreed upon, such as consumption of services or confirmation of goods received.

Why should businesses switch to programmable payments?

Businesses should consider switching to enhance operational efficiency, improve customer relations, and stay competitive in a digital economy by offering more adaptive and customer-focused payment options

The payments industry is entering into a new phase of innovation. Transformative technology, increased customer expectations and new payments ecosystems will bring a new era of payments innovators.

These new ecosystems will deliver better customer experiences, reduced friction and result in new payment options.

At Raimac, we believe payments should work for businesses and their customers—not against them.

That’s why we’ve built the first truly programmable payment platform, designed to give merchants and consumers more flexibility, transparency and control over how and when payments are made.

The Raimac team

Founded by a team of fintech, payments, and e-commerce experts, Raimac challenges the status quo of rigid, one-size-fits-all payment systems.

Raimac empowers businesses to set their own rules, giving customers the power to pay on their terms. Raimac programmable payments reinvent how, when, and why money moves, enabling automated and highly customised financial transactions across many industries.

We’re starting with intelligent instalments—enabling merchants to offer payment schedules that suit their business and their customers’ cash flow.

But this is just the beginning. Our vision for programmable payments goes far beyond instalments—creating payment experiences triggered by real-world events like:

Frazer MacRae
CEO + founder

Frazer is a seasoned entrepreneur with 15 years of experience in investment banking. He founded two successful fintech start-ups, revolutionising digital payment ecosystems and introducing products to new markets.

Rob Harper
INVESTOR / ADVISOR

Rob Harper brings over 25 years of experience in the payments industry, including 17 years at PayPal.

MARK STANTON-BENNETT
CTO / ADVISOR

Seasoned technology and product lead with a background in capital markets. Former CPO/CTO in venture-backed startups. Advisor to Albion VC, Circle Rock Capital and UK government innovation programmes.