Equens is expanding its product portfolio to include an end-to-end pan-European instant payment service. The Netherlands-based payment services provider expects to deliver to the market the first components of the new solution in the second quarter of 2016.
The service will be complemented by a white-label mobile app, which allows for per-to-peer (P2P) payments to be made to mobile phone numbers using an alias conversion service.
“By expanding our portfolio with this complete instant payment service, we demonstrate our continued focus to cater for the full spectrum of our clients’ current and future needs,” said Alessandro Baroni, chief marketing officer (CMO) for Equens.
“This seamlessly fits our European strategy, aimed at supporting our clients in the challenges they are facing in the rapidly developing European payments market, in which reliability, continuity and the capability to innovate are of the essence.”
The group added that its end-to-end service is able to support banks along the full payments value chain, from initiating the payment to the banks’ internal payment processing up to the interbank clearing and settlement process.
“Furthermore, as a member of the European Automated clearing House Association (EACHA), Equens is actively working with other prominent ACHs across Europe on securing interoperability between the different European processors, so as to allow for the greatest reach and true pan-European instant payment services,” the group added.
Global digital payment volumes are set to reach 426.3bin transactions in 2015, according to the World Payments Report 2016 fromCapgemini and BNP Paribas.
The T+2 Industry Steering Committee (T+2 ISC) has welcomed recent action by the Securities and Exchange Commission (SEC) to propose a rule ... read more
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
SWIFT has announced that it has successfully completed the first phase of the global payments innovation (GPI) initiative pilot, clearing the way for the go-live of the service in early 2017.