Electricity, gas, and services provider Iren selects SIA to launch open banking services

Wednesday 16 September 2020 12:55 CET | News

Iren, an Italian multi-utility operating in the electricity, gas, and services sectors, has chosen SIA to launch payment services thanks to the innovations introduced by the PSD2 Directive.

Iren offers the new Payment Initiation (PIS) service through SIA's digital Open Banking platform, a European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity. The service allows Iren’s customers to pay their electricity and gas bills online directly from the web platform or the 'IrenYou' app by connecting to their Internet Banking site.

SIA accompanied Iren throughout the digital transformation process that allowed this multi-utility company to obtain authorisation from the Bank of Italy to operate as a Payment Institution. In this way, Iren has responded to the extraordinary dynamism that has been characterizing the payments sector in recent years, with the increasing use of digital services via smartphones, tablets and wearable devices.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Open Banking, SIA, Italy, payments , digitalisation, Bank of Italy, electricity, gas
Categories: Banking & Fintech
Countries: Italy
This article is part of category

Banking & Fintech