The present opinion paper looks at the potential impact of the growing e-AP domain on payment infrastructure requirements from a payment practitioner‘s perspective. This work by the EBA‘s e-AP Working Group should be seen as one element that the EBA wishes to contribute to a possible response from the supply side to the challenge of delivering infrastructure solutions supporting instant payment services.
As outlined in the e-APWG “Opinion Paper on Next Generation Alternative Retail Payments: User Requirements”, e-APs derive their success from addressing the convenience and functionality (‘conversion’) gaps that are left open by traditional payment propositions. This is because e-APs are mainly focusing on the messaging part of payments, which has become increasingly decoupled from the interbank payment infrastructure.
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