In September, payment infrastructure solutions provider EBA Clearing announced that 26 financial institutions had started work on a pan-European request to pay (R2P) solution scheduled to go live in the second half of 2020.
This secure messaging service will allow corporates to send a payment request to their bank, which is then forwarded to the bank of the payer, which asks the payer if they want to make the payment.
Within a week, Mastercard announced its intention to participate in Pay.UK’s
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