Bancomat, Bizum, EPI Company/Wero, SIBS-MB WAY and Vipps MobilePay today announced the creation of a new joint entity “European Network for Payments”, dedicated to operating and scaling interoperability between participating European payment solutions.
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The role of the newly established entity is to connect existing European payment solutions through a common technical and operational layer based on European standards, including instant account-to-account payments. The founding partners will be equal shareholders of the entity, which will oversee technical coordination and future expansion of both functionalities and participating solutions. The framework may also accommodate other established European payment solutions over time, subject to the partners’ agreement and the technical and operational requirements of the network.
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Whatever it is, I really hope they don’t request you to lock a 50 euro deposit like satispay does. To my knowledge, this is the only payment platform that does it and getting rich by forcefully taking you customers’ money is a very arrogant thing to do and an awful business plan. How come Revolut and Wise offer better and bigger services without withholding such deposits?
No, Bancomat Pay doesn’t work like this. It’s more like an overlay over SEPA, from what I’ve seen. My bank sends me statements every time I use it (😂) as if it was a wire transfer.
Edit: GNU Taler works kinda like Satispay (well, like a wallet) but that would be fine for me
Not even bancomat works like that. Only fucking satispay forces you to give them money without having declared an intent to spend it shortly.