Monaco, July 4th 2023 – Software producer YowPay presents the first SEPA instant credit transfer payment solution for merchants and e-merchants in the Eurozone. 

Whether you’re buying online, paying a craftsman, a merchant, or a consultation, instant transfers are set to revolutionize banking practices, as they facilitate and accelerate exchanges and transactions. YowPay’s solution generates a unique QR-Code for each transaction, enabling customers to pay faster and more easily, in total security from their usual banking application.

Mobile Payment and Open Banking: banking methods at the Heart of Innovation

Massively deployed during the pandemic and steadily increasing, QR codes and mobile payment services have now been adopted by the majority of Europeans. Every day, smartphones settle $3.45 billion [€3.15 billion] in payments worldwide. Today, these services have become part of people’s daily lives and purchasing habits, and need to become simpler and safer, constantly adapting to meet the ever-changing demands of users: greater flexibility, speed, and security.

The diversification of the banking ecosystem, accelerated in particular by Open Banking, enables players like YowPay to promote secure  online payments and encourage the emergence of innovative financial services. Yowpay’s solution is designed to encourage business, whether from physical stores or e-commerce, by offering the first secure and immediate SEPA credit transfer payment complement in Europe.

Continue reading YowPay presents the first instant SEPA credit transfer solution for European for merchants in Europe