Discover all the Company news on WSBI ESBG and other articles related to WSBI ESBG in The Paypers News, Reports, and insights on the payments and fintech industry:
Discover all the Company news on WSBI ESBG and other articles related to WSBI ESBG in The Paypers News,
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Diederik Bruggink, Head of Payments, Digital Finance, and Innovation at WSBI-ESBG, offers a comprehensive overview of PSD3 and PSR, their significance, and the impact they bring to the industry.
PSD3, PSR, Open Banking, payments , PSD2, banks
The European Savings and Retail Banking Group (ESBG) has welcomed the announcement by the European Payments Initiative (EPI) of its new instant payment solution and acquisitions of additional shareholders.
instant payments, SEPA API Access Scheme, regulation, banks
The EU Commission’s proposed mandate will make instant payments universally available in euros within six months after said proposal is approved. We have no set date for enforcement, as the mandate has not been approved yet. Still, when it is, the timeline will dictate that PSPs need to be equipped to receive Instant Payments six months after the legislation is passed and be able to send Instant Payments a year after ratification. Therefore, it is expected that PSPs will need to be ‘live’ by 2025 at the latest.
instant payments, PSP, SaaS, banks