Latest news with #A2APayments
Finextra
04-07-2025
- Business
- Finextra
A2A Regulation: Prepare For Compliance Deadlines, Without Losing Modernisation
Whilst joining the FinextraTV studio at EBAday 2025, Craig Ramsey, Head of A2A Payments, ACI Worldwide helped to both define the fundamentals of account-to-account payments, as well as sharing his insights into the current landscape. Touching on recent regulation obstacles, Ramsey described how modernisation projects have been stopped to strategically meet regulatory standards. In his eyes, this may lead organisations to be on time to meet regulatory deadlines but lacking in readiness for the iterative innovations needed in the current market.
Finextra
17-06-2025
- Business
- Finextra
Payments platform Unzer joins EPI for Wero wallet push
Berlin-based payments platform for SMEs Unzer has joined the European Payments Initiative (EPI) to support the roll out of the Wero digital wallet. 0 Launched late last year to harness the potential of account-to-account (A2A) payments to help European banks take on the might of Visa and Mastercard, Wero has already enrolled 40 million users across the first wave of markets it has entered. It enables A2A transfers using Sepa Instant Credit Transfer protocols so users can send money within 10 seconds via phone numbers, email addresses, or QR codes. Now, Unzer joins the likes of Worldline, Nexi and Nuvei in the push to expand Wero's reach beyond P2P payments and into e-commerce and point-of-sales transactions. As a principal member of EPI, Unzer will help merchants in Germany and Austria easily connect to Wero services as they become available, starting with e/m-commerce later in 2025. These will be accessible through Unzer's integrated platform, UnzerOne, allowing businesses to accept Wero across all sales channels without having to deal with multiple payment providers or complex tech. "Joining Wero is an exciting step for us and for the merchants we support. It means we can offer them a payment method that's local, secure, and built for Europe. We're proud to help bring Wero to market and integrate it seamlessly across all channels," says Robert Bueninck, CEO, Unzer.
Finextra
09-06-2025
- Business
- Finextra
PayU introduces A2A payments in Nigeria
PayU GPO, the leading online payment service provider operating in over 40 emerging markets, announces a major step forward in its commitment to Africa, unveiling the launch of Account-to-Account (A2A) payments in Nigeria and the appointment of Ryan Engel as the new Country Manager for South Africa. 0 This investment reflects PayU GPO's broader strategy to drive financial inclusion and modernise the continent's payment infrastructure, while responding to rapidly shifting consumer preferences. The expansion comes at a time when alternative payment methods are on the rise across the region. Insights from Black Friday 2024 show a steady decline in traditional card usage, with card transactions dropping from 93% in 2022 to 84% in 2024 in South Africa. Meanwhile, Open Banking methods are rapidly gaining traction - CapitecPay transactions alone grew by 104% year-on-year. Mobile-first purchasing also continues to soar, with 67% of Black Friday transactions taking place on smartphones. 'Our focus on A2A payments and mobile-first methods is critical to our strategy in Africa,' said Imraan Appleby, Africa Head of Product at PayU GPO. Customers are clearly signalling a demand for faster, simpler ways to pay. Merchants, in turn, need solutions that meet customers where they are.' PayU GPO's A2A payment solution allows consumers in Nigeria to pay merchants directly from their bank accounts without the need for a card. The benefits include: • Lower transaction costs for merchants • Real-time settlement of transactions • A seamless, frictionless user experience • Greater accessibility and choice for consumers These advantages extend across the value chain, with merchants' customers also benefiting from improved security, speed, and control over their payments. This drive for growth mirrors Africa's continued industry collaboration which is enacting positive change across the continent. In South Africa the Reserve Bank is revising the National Payment System Act to foster inclusion. In the first time since its history, it has created a Payment Ecosystem Modernisation Programme (PEM), hosting collaborative sessions with banks and non-banks to drive the changes that the act puts forward. PEM has numerous workstreams all aimed at driving competition, innovation, financial inclusion and addressing fraud and risk in an open, interoperable system. QR standardisation, DFID (Digital Financial Identity) and Payshap are amongst the programmes being driven forward by industry collaboration under the PEM. To lead PayU GPO's growing footprint in South Africa, the company has appointed Ryan Engel as the new Country Manager. With a background in payments and digital transformation, Ryan will be responsible for driving local strategy, forging partnerships, and strengthening PayU GPO's regional presence. 'I'm excited to be joining PayU GPO at such a transformative moment for payments in South Africa and across the continent,' said Ryan Engel, Country Manager, South Africa. 'Consumers and merchants alike are seeking innovative, efficient ways to transact. PayU GPO is perfectly positioned to deliver on that demand, and I look forward to helping shape the future of digital payments in the region.' As a further display of commitment to the region, PayU GPO received PCI DSS v4.0.1 Attestation of Compliance (AoC) for both South Africa and Nigeria. This certification requires implementing comprehensive security controls specifically tailored to regional requirements, and showcases PayU GPO's dedication to being a reliable, secure and enduring participant in Africa's financial ecosystem.
Finextra
03-06-2025
- Business
- Finextra
Revolut joins European Payments Initiative
Revolut has joined the European Payments Initiative to bring its Wero Wallet to millions of new customers this summer. 1 Launched late last year to harness the potential of account-to-account (A2A) payments to help European banks take on the might of Visa and Mastercard, Wero has already enrolled 40 million users across the first wave of markets it has entered. It enables A2A transfers using Sepa Instant Credit Transfer protocols so users can send money within 10 seconds via phone numbers, email addresses, or QR codes. Revolut's customers, initially in France, Belgium, and Germany, will have access to Wero's core features directly within their Revolut app. This includes instant, free-of-charge P2P money transfers between Wero users. Looking ahead, Revolut will integrate additional use cases as they come onstream. This includes e-commerce payments in the second half of 2025, followed by in-store payments, subscription management, and loyalty services from 2026 onward.. "Facilitating seamless access to free and instant payments is no longer a nice to have, it's a must," says David Tirado, VP of global business at Revolut. "By enabling Wero within the Revolut app, alongside our other local peer-to-peer payment partners, we're empowering our customers to make instant and secure payments seamlessly within European borders, in the most suitable way for them."
Zawya
22-05-2025
- Business
- Zawya
MoneyHash and Lean partner to bring instant bank payments to UAE merchants
Dubai, UAE – MoneyHash, the Middle East and Africa's leading payment orchestration platform, has announced a strategic partnership with Lean Technologies, the region's leading financial infrastructure platform, to bring instant Account-to-Account (A2A) payments for e-commerce and digital-first businesses across the UAE. The partnership enables merchants to offer seamless, bank-direct payments at checkout, reducing card processing fees, improving checkout experiences, and enhancing cost efficiency. Powering Pay-by-bank with Lean and MoneyHash Through this partnership, MoneyHash and Lean Technologies are making pay-by-bank (A2A) capabilities more accessible to merchants across the UAE—enabling seamless, secure bank-direct payments directly within checkout flows. By integrating, businesses can activate pay-by-bank options without added complexity, unlocking faster implementation and a more intuitive customer experience. 'MoneyHash's orchestration layer is designed to simplify access to modern payment methods while supporting our partners' innovations,' said Mohamed Amir, Head of Sales and Solutions at MoneyHash. 'Our partnership with Lean reflects a shared vision of delivering seamless, cost-effective, and secure payment experiences tailored to the needs of businesses and consumers in the UAE.' Lean's technology enables direct and secure access to bank accounts for both data sharing and payment initiation. Integrated into MoneyHash's unified API, merchants can now offer customers the ability to pay directly from their bank accounts —instantly, securely, and without needing a card. 'We're proud to partner with MoneyHash to help merchants improve cost efficiency and offer better payment experiences,' said Omar Hamada, VP of Sales & Partnerships at Lean Technologies. 'This collaboration makes pay-by-bank more accessible to businesses of all sizes without compromising on speed, security, or user experience.' Advancing Regulatory and Consumer-Driven Innovation This collaboration not only empowers merchants but also supports the region's broader regulatory vision. Both MoneyHash and Lean operate with a strong compliance focus, regulated under Abu Dhabi Global Market (ADGM) in the UAE and Saudi Central Bank (SAMA) in KSA. By making A2A payments commercially accessible, the partnership strengthens the UAE's growing fintech ecosystem while supporting national goals around financial inclusion and digital transformation. From a consumer standpoint, the integration reduces friction in checkout journeys, especially for users preferring direct-from-bank transactions over traditional card payments. For merchants, it means lower transaction fees, reduced fraud risk, and fewer chargebacks, all accessible through a single integration point. About MoneyHash MoneyHash is the first and leading payment orchestration and revenue operations platform built for the Middle East and Africa. Through a unified API, the platform enables businesses to integrate and manage payment service providers, optimize transaction routing, minimize failure rates, and centralize reporting and operations. Designed to remove complexity from payments, MoneyHash equips businesses with the tools to scale quickly across markets while maintaining control, flexibility, and performance. Learn more at About Lean Technologies Lean Technologies is the region's leading financial infrastructure, offering secure and developer-friendly APIs that enable businesses to connect to their users' bank accounts for both data and payment initiation. Lean is licensed and regulated by ADGM and SAMA, and is committed to building infrastructure that powers the next generation of financial innovation in MENA. Learn more at
