The company stated that instant payments now make up nearly 12% of all SEPA payments and it believes they are the future of EU payments. As of May 2022, all eligible inbound payments into IBANIZE accounts are processed instantly, at no extra cost. The next challenge is to build a low cost, seamless ecommerce product utilising the instant payment rails
The continued growth of the ecommerce business makes instant payments more relevant. The new solution offers increased choice and flexibility with a frictionless and real-time payment instrument, as per the press release. Adding SEPA Instant is the first step toward offering more products related to real-time payments by TrustPay.
Representatives from TrustPay commented that the launch of SEPA Instant Payments is another milestone for their company. With this latest offering, they continue their mission to drive efficiency and support the latest trends. Their clients are able to make instant transactions with the immediate settlement of funds, which makes business more seamless.
Founded in 2009, TrustPay, is a provider of online payment solutions, card acquiring services, cross-border B2B services, and corporate accounts, including features like API banking, Virtual IBANs, and prepaid cards. It is a principal member of Visa, Mastercard, and UnionPay.
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