(IN BRIEF) Bancomat, Bizum, SIBS-MB WAY, Vipps MobilePay and EPI Company have signed a Memorandum of Understanding to build a pan-European, interoperable payment system aimed at enabling seamless cross-border transactions by 2027 and strengthening Europe’s payment sovereignty. The initiative will … Read the full press release
Posted in Banks, Business, Economy, European Union, Financial, Industrial, Investment, Marketing, Netherlands
Tagged Ángel Nigorra, Bancomat, Bizum, cross-border transactions, digital wallets, e-commerce payments, EPI COMPANY, EuroPA alliance, European payments, Fabrizio Burlando, Instant Payments, interoperability hub, Major European Payment Providers Launch Joint Initiative to Reduce Dependence on Global Networks, Martina Weimert, P2P payments, payment sovereignty, POS payments, Rune Garborg, SIBS MB WAY, Teresa Mesquita, Vipps MobilePay, wero
(IN BRIEF) Deutsche Bank and Postbank have made the full functionality of the Wero digital payment app available to their clients, enabling instant peer-to-peer transfers and online payments across Europe. Postbank customers now gain access to e-commerce payments, while Deutsche … Read the full press release
Posted in Banks, Business, Financial, Germany, Industrial, Investment, Management, Technology, Telecom
Tagged banking apps, cross-border payments, Deutsche Bank, Deutsche Bank and Postbank Roll Out Full Wero Payment App for Cross-Border European Payments, digital payments, Dominik Hennen, e-commerce payments, epi, European payment solution, European Payments Initiative, Instant Payments, Kilian Thalhammer, Martina Weimert, Mobile payment app, online shopping, peer to peer transfers, Postbank, wero
(IN BRIEF) BBVA has launched a new instant payments service that allows banks outside Europe to send funds to Spain in seconds, operating 24/7/365 with real-time settlement via Iberpay’s One-Leg Out Instant Credit Transfer scheme. Through its BBVA Directa platform, … Read the full press release
Posted in Banks, Business, Financial, Spain, Technology
Tagged AI in banking, BBVA, BBVA Directa, BBVA launches cross-border instant payments service enabling banks worldwide to send funds to Spain within seconds, BBVA strengthens global transaction banking with real-time cross-border payment solution for institutional clients, corporate treasury, cross-border payments, financial institutions, Global Transaction Banking, Iberpay, Instant Payments, OCT Inst, One-Leg Out Instant Credit Transfer, payment innovation, retail customers, SMEs, Spain, SWIFT GPI Tracker
(IN BRIEF) Norges Bank is continuing formal discussions with the European Central Bank (ECB) to integrate Norwegian instant payments into the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. After evaluating various factors, Norges Bank concluded that participating in TIPS would … Read the full press release
(IN BRIEF) Switzerland launched instant payments on 20 August 2024, with around 60 financial institutions now able to process these transactions, covering over 95% of Swiss retail payments. Instant payments allow for immediate account-to-account transfers, 24/7, offering significant benefits such … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, International Trade, Internet & Online, Investment, Management, Marketing, News, Retail, Switzerland, Technology
Tagged financial institutions, Instant Payments, partnership, SIX, sustainability, Switzerland
(IN BRIEF) SIX and the Swiss National Bank have unveiled SIC5, the new generation of the Swiss payment system, which sets the stage for instant payments, enabling electronic customer payments to be processed 24/7 in a matter of seconds. Over … Read the full press release
Posted in Banks, Economy, Environment, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged Financial, Instant Payments, investment, partnership, SIC5, SIX, sustainability, Swiss National Bank, Swiss Payment System
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