Latest news with #InstantTransfers
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."
Finextra
27-05-2025
- Business
- Finextra
Sepagon connects with Genome for open banking payments
Genome, a leading European Electronic Money Institution (EMI) regulated by the Bank of Lithuania, and Sepagon, an open banking technology provider specializing in seamless, card-free payments, are pleased to announce a partnership that enhances the efficiency of transactions. 0 Through this collaboration, Sepagon integrates Genome's secure incoming payment APIs and real-time webhook notifications to offer faster, more transparent C2B payments for businesses and their customers. Powering real-time payments Sepagon enables business clients to accept payments directly from customers' bank accounts without relying on card networks or third-party wallets. By using Genome's infrastructure, Sepagon now receives real-time updates on incoming transfers, allowing immediate payment confirmations, automated tracking, and smoother transaction flows. The integration supports SEPA Credit and Instant Transfers, giving businesses flexible options to receive funds quickly and securely across Europe. 'Genome's robust APIs and webhook notifications significantly improve our ability to provide instant, verifiable A2A payments,' said Rotem Hamburger, CEO of Sepagon. 'It's a key step forward in making bank-based payments the default choice for businesses.' 'Our goal is to support forward-thinking companies like Sepagon in building seamless, transparent financial solutions,' said Daumantas Barauskas, CEO of Genome. 'This integration eliminates delays in payment recognition and helps businesses operate more efficiently.' Redefining payment flow in open banking The partnership signals progress toward real-time payments at scale. It enables businesses using Sepagon's platform to bypass card fees, reduce processing time, and improve user satisfaction while relying on Genome's compliant and resilient infrastructure for secure payment reception. Both Genome and Sepagon are committed to driving innovation in financial services and supporting the shift toward faster, more cost-effective open banking solutions.
