SingaporeFinTech / PaymentsProduct-market fitCase Study
Nuspay
Virtual Account Orchestration Engine
Tokenized virtual accounts for fraud-resistant, cashless payments.
- 100%
- Digital issuance
- 99.9%
- Fraud reduction
- Project
- Engagement type
- Node.js
- Core technology
Quick Answer
What is Nuspay?
Nuspay is a virtual account orchestration engine built by Akxens for a Singapore payments company. It issues dynamic virtual accounts and tokens in place of real card and bank numbers, so merchants and consumers can pay securely while sensitive banking data is never exposed.
Some client details are withheld under a non-disclosure agreement.
The challenge
Card-not-present fraud and data breaches were rising. Merchants and partner banks needed a way to accept digital payments without storing or transmitting real account numbers.
The solution
Akxens built a high-throughput tokenization gateway that generates single-use or merchant-locked virtual accounts on demand. Tokens map to the real funding source inside a secure vault, and every transaction is screened in real time.
How we built it
Our delivery approach for Nuspay, from discovery to launch.
- 01
Payment flow mapping
Mapped issuing, acquiring, and settlement flows with partner banks.
- 02
Token vault
Designed an isolated vault that maps tokens to funding sources with strict access control.
- 03
Orchestration API
Built APIs to create, limit, and revoke virtual accounts in milliseconds.
- 04
Risk & rollout
Added real-time risk rules and rolled out to merchants in phases.
Key features
What Nuspay delivers for its users every day.
- Node.js
- Redis
- PostgreSQL
- Kafka
- Docker
Dynamic virtual accounts
Create single-use or merchant-specific accounts on demand.
Token vault
Real account data stays isolated; only tokens travel through the network.
Spend controls
Set limits, expiry dates, and merchant locks per virtual account.
Real-time screening
Every transaction is checked against risk rules before approval.
The outcome
- Removed real account numbers from merchant checkout flows
- Enabled instant, fully digital account issuance
- Sharply reduced exposure to card-not-present fraud
Services behind Nuspay
Industries
Nuspay: frequently asked questions
What is Nuspay?
Nuspay is a virtual account orchestration engine built by Akxens for a Singapore payments company. It issues dynamic virtual accounts and tokens in place of real card and bank numbers, so merchants and consumers can pay securely while sensitive banking data is never exposed.
What technology was used to build Nuspay?
Nuspay was built by Akxens using Node.js, Redis, PostgreSQL, Kafka, Docker.
Can Akxens build a platform like Nuspay for my business?
Yes. Akxens designs and builds custom FinTech / Payments software like Nuspay, from discovery and architecture to launch and ongoing support. Book a call to discuss your requirements.
