By adding Adyen and Banking Circle, the EPC will represent 79 payment service providers and their associations, starting 1 July.
„This collaboration marks a pivotal moment in fostering innovation, cooperation, and inclusivity within the realm of digital payments across Europe.” – according to the press release.
Giorgio Andreoli – Director General of the EPC, says: ”The mission of the EPC is to secure interoperability and harmonisation of payments across Europe, with a focus on account-to-account (A2A) and instant payments. The acquisition as a new EPC member of an innovative online merchant acquirer and e-commerce payment service provider (PSP) like Adyen confirms that A2A instant payments are ready for retail and testifies the relevance of the EPC also for the e-commerce and online payments industry. The EPC also warmly welcomes the Banking Circle, another innovative international payments service provider offering business-to-business (B2B) cross-border payment services, as this highlights the versatility of A2A payments and the importance of seamless, efficient and instant payment solutions in today’s digital economy.”
Mats van Rijn, Senior Product Manager at Adyen commented: “We are excited to expand our role in shaping an ambitious European payments future. We believe the EPC is a great forum to share our unique perspectives and help our merchants serve their customers better in the long term through innovation.”
Thomas Kure, Team Lead and Associate Director at Banking Circle, says: “Becoming a member of the EPC underscores our commitment to promoting standardisation and collaboration across the payments industry. It highlights the expanding use cases for A2A transfers for end users. For instance, the new OCT scheme exemplifies our shared interested to facilitate faster and more seamless cross-border transactions.”
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Banking Circle is a next-generation payments bank and is designed to meet the global banking and payments needs of payments businesses, banks, and online marketplaces. Banking Circle’s solutions enable the payment propositions of the client base based on regulated businesses, financial institutions, and marketplaces. Banking Circle acts as a global scale financial utility supporting the payment services of its clients and their customers.
Banking Circle is deeply integrated into the SEPA payments ecosystem by having adhered to and is participating directly in the EPC’s SEPA Credit Transfer (SCT), SEPA Direct Debit (SDD), and SEPA Instant Payment (SCT Inst) schemes.
Adyen is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, and eBay.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
