<\/p>\n
The alliance will enable instant cross-border payments for users in Italy, Portugal, Spain, and Andorra.<\/p>\n
Payment providers Bancomat, Bizum, and MB Way, operated by SIBS, have begun rolling out instant cross-border payment capabilities in Europe through the European Payments Alliance (EuroPA).<\/p>\n
The initiative will enable users in Italy, Portugal, Spain, and Andorra to send and receive money instantly using just their mobile phone numbers.<\/p>\n
A joint statement claims EuroPA will accommodate cross-border transactions with the same speed and security as domestic transfers.<\/p>\n
Banks participating in Bancomat, Bizum, and MB Way will “start to adhere to the interconnection gradually”, the statement continues, with full implementation expected by June 2025.<\/p>\n
The interconnection links more than 50 million users and 186 financial institutions across four countries, accounting for 65% of total instant payments and based on Single Europe Payments Area (SEPA) standards.<\/p>\n
The EuroPA initiative is “expected to grow” and will potentially include both euro and non-euro markets in the future, the companies say.<\/p>\n
The project also intends to introduce unspecified “additional use cases” moving forward as it looks to continue its growth.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
The alliance will enable instant cross-border payments for users in Italy, Portugal, Spain, and Andorra. Payment providers Bancomat, Bizum, and MB Way, operated by SIBS, have begun rolling out instant cross-border payment capabilities in Europe through the European Payments Alliance (EuroPA). The initiative will enable users in Italy, Portugal, Spain, and Andorra to send and […]<\/p>\n","protected":false},"author":1,"featured_media":3700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/04\/Payments-2-750x445.webp",750,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/04\/Payments-2-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/04\/Payments-2-300x200.webp",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/04\/Payments-2.webp",750,500,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3699"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3699\/revisions"}],"predecessor-version":[{"id":3701,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3699\/revisions\/3701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3700"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}