SIA to enable banks, corporates and FinTechs for EBA Clearing’s R2P service

By Megha Bhattacharya

European payments company SIA today announced that it will be enabling banks, corporates, public administration bodies and FinTechs for the new service “Request to Pay” (R2P) on EBA Clearing’s technology infrastructure, compliant with the European Payments Council (EPC) scheme.

Request to Pay allows a beneficiary to send a request in real-time to a payer who can then approve and execute the operation. SIA stated that EBA Clearing’s new service is integrated with SIA EasyWay. The solution will enable the use of the “Request to Pay” service to meet the needs of the various market players who will be able to develop dedicated use cases for their end-users.

Banca Sella has selected SIA to subscribe to the new service through the EasyWay platform. The platform was created to support financial institutions and other Payment Service Providers at European level in the management of cloud-based payments and to facilitate significantly the consolidation of instant payments and the development of innovative Open Banking services introduced by PSD2.

“With the launch of Request to Pay by EBA Clearing, SIA will further strengthen the value proposition of innovative services for the development of digital payments at European level, thus contributing to the creation of an ecosystem in which all the actors – from banks to corporates, to the public sector – can implement new business models, also thanks to the opportunities offered by PSD2 regulations.”

“The choice of Banca Sella, which has always been at the forefront in the offering of solutions for its retail and corporate customers and one of the first banks in Italy to launch this new service, confirms that the path of innovation undertaken by SIA is recognized by the market and is effectively contributing to the digital transformation that Italian corporates increasingly need to be competitive in a global market”, stated Roberta Gobbi, Director of Sales Italian Region at SIA.