Iberpay News

Request to Pay, the instant, digital and frictionless Direct Debit

Request to Pay has great potential to transform the way in which companies and citizens make their payments in Europe and to get the most out of instant transfers.

Andorran banks join Iberpay’s instant payments service

The three main Andorran banks, Crèdit Andorrà, MoraBanc and Andbank, have joined the payment system managed by Iberpay. Iberpay provides the interbank rails necessary to process any payment service based on SEPA Instant Credit Transfer scheme (SCT Inst) throughout all the SEPA area.

Instant credit trasnders grow by 44% in Spain

In 2022, a record number of 823 million instant credit transfers were processed in Spain, with a growth of 44% compared to 2021. 49% of all credit transfers processed in the payment system managed by Iberpay are instant credit transfers.

The Spanish Payment System incorporates the first e-money institution

The electronic money institution Pecunpay (Pecunia Cards EDE) has connected to the Spanish Payment System as “accessible entity” through the direct participant Inversis. The Spanish Payment System is standardized with other European payment systems that have been participating for some time now.

The Spanish Payment System incorporates the first Andorran bank

Iberpay publishes a report on digital euro tests carried out by the Spanish financial sector

Iberpay and the 16 main Spanish banks have successfully concluded a sectoral proof of concept called Smart Money, focused on the experimentation of the practical technical aspects and the different design options of a digital euro.

EBA CLEARING and IBERPAY launch interoperable SEPA Request-to-Pay services

EBA CLEARING and IBERPAY announced today that they have delivered two interoperable services to process messages and provide functionalities complying with the new SEPA Request-to-Pay Scheme (SRTP) created by the European Payments Council (EPC).