Answer Pay has announced that it has successfully received funding to extend its Request to Pay connectivity to European countries in the Single Euro Payments Area(SEPA).
Digital payment technologies are evolving. Arguably, the biggest step-change in payments innovation in the UK and Europe comes in the form of Request-to-Pay (RtP). This is a relatively new message overlay service first developed in the UK as a response to the need identified by the Payment Services Regulator. RtP underpins secure payments from mobile apps and moves the industry away from unsecured pay by link solutions that compel bill payers to run the gauntlet of fraudulent messages and fake websites.
As the first independent solutions provider to offer a Pay.UK certified RtP platform service, Answer Pay plans now to build on its UK track-record of success and expand into Europe, at a time when the European Union is itself beginning the shift towards Request to Pay digital payment services.