RYVYL EU Payments-as-a-Service Contracts Rapidly Onboarding New Accounts

SIBS and MB WAY are taking European payments to a new level through Europe, the European Payments Alliance, by achieving a significant milestone in cross-border payments in Europe. TO...

RYVYL EU Payments-as-a-Service Contracts Rapidly Onboarding New Accounts

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EuroPA launches instant payments across Southern Europe

The European payments infrastructure has expanded with the launch of cross-border mobile transfers by Italy’s Bancomat, Spain’s Bizum, and Portugal’s MB WAY under the EuroPA framework.

Cross-border payments system is ripe for flattening

Today, cross-border payments are being flattened by a quantum leap in financial integration and interconnectivity: the public ledger.

“The MB Way connection to Spain and Italy is now operational, allowing MB Way users to instantly send and receive money to Bizum and Bancomat mobile numbers, respectively,” SIBS said in a statement. The electronic payment company indicated that, in Portugal, this feature is now available to institutions that already have P2P MB Way transfers in SEPA Inst. In Spain and Italy, the integration of institutions and users of the respective solutions w…

In these two countries, the integration of institutions and users of the respective solutions will be carried out gradually until June.