Industry leaders have touted request to pay as the function that will drive the mass adoption of instant payments across Europe, after years of largely futile efforts to introduce a cohesive scheme across the EU.
EBA Clearing, which was founded by the Euro Banking Association and operates the RT1 instant payments scheme, recently announced that it planned to launch a new request to pay infrastructure in the second half of 2020, with a full rollout in 2021.
The Euro Banking Association is an industry body comprising around 200 member banks with operations in Europe.
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