back Back

equensWorldline extends partnership with the European Payment Council

By Megha Bhattacharya

June 24, 2021

  • Equensworldline
  • Europe
Share

equensWorldlineequensWorldline SE, a subsidiary of Worldline, and the European Payment Council (EPC) which manages the SEPA Proxy Lookup (SPL) scheme are extending their partnership to provide the central SPL service that supports the interoperability between existing European mobile Person-to-Person (P2P) payment services.

Michael Steinbach, CEO equensWorldline SE, emphasises the importance of such a proxy service for the European payment landscape. “With the usage of such a central proxy lookup service, the user experience and security of person-to-person payments significantly improves. Furthermore, it will strongly support the usage of request-to-pay messages to improve the conversion rate for beneficiaries.”

The SPL service has been introduced in 2019 to improve the user experience for Person-to-Person money transfers across Europe. Customers can use their mobile device to transfer money from their payment account to another individual’s account across Europe without manually exchanging payment information, such as IBAN. This service supports the interoperability between the different existing domestic mobile payment schemes and provides the option to retrieve the necessary payment details like IBAN and beneficiary name, by using well-known aliases like a mobile phone number.

According to Etienne Goosse, Director General of the EPC, harmonisation, competition and innovation in Europe are key to develop a dynamic pan-European payment ecosystem. “The EPC has established the SPL scheme to facilitate European cross-border P2P payments. In this process, equensWorldline has been a reliable and innovative partner during the service implementation and participated actively in the continuous improvement of the service.”

Previous Article

June 24, 2021

Royal Credit Union to merge with Peoples Choice Credit Union

Read More
Next Article

June 24, 2021

Mastercard appoints Nikhil Sahni as Division President, South Asia

Read More






IBSi Daily News Analysis

June 21, 2024

Equensworldline

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

MECCA & Adyen to offer a seamless payments experience in Australia

Read More

Today

Vipps, MobilePay launch cross-border P2P payments in the Nordics

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023