Here’s how PostePay and Mastercard will digitize payment requests
PostePay and Mastercard launch "Request to Pay" in Italy: a service to digitize payment requests. Here are the details
A solution to allow companies to send a digital payment request in real time, guaranteeing consumers control and flexibility in managing expenses.
It is “Request to Pay” (RTP), the solution that Mastercard, the credit card giant , and PostePay, a company of the Poste Italiane Group, are working on.
All the details.
WHAT IS REQUEST TO PAY
"Request to Pay" allows you to request payment for a good or service, digitally and in real time. The buyer who receives the request on his mobile or web device can choose whether to accept it and thus proceed with the payment.
The solution is applicable in different business areas – and occasions of use, responding to the needs of consumers – from online payments to recurring bills or bills and taxes, passing through the exchange of funds between people.
DIGITIZE PAYMENT REQUESTS
The partnership aims to create an innovative, simpler and more efficient solution to digitize payment requests, simplifying their management, underline the two groups. Buyers can benefit from a single access point for viewing and executing their payments with flexibility and in a few clicks through the PostePay App. The solution also allows you to directly consult a unified history of expenses, in digital format, to keep them always under control.
THE BENEFITS FOR OWNERS OF BUSINESSES AND COMMERCIAL EXERCISES
For creditors and owners of businesses and commercial establishments, the RTP simplifies the management of collections by making incoming flows and the management of payments more efficient. According to the Mastercard research “Together Towards Tomorrow: challenges and opportunities of digitization for business”, in fact, 75% of companies and exhibitors interviewed hope and welcome greater digitization.
EXTENDED THE PORTFOLIO OF MASTERCARD AND POSTEPAY APPLICATIONS
Finally, “Request to Pay” enriches the portfolio of solutions and applications of Mastercard and PostePay, which offer users high flexibility and control. "These solutions are in fact – explains the joint note – in the common mission of the two companies to promote an inclusive digital economy, which everyone can benefit from wherever they are thanks to secure, simple, fast and accessible transactions, also drawing on corporate expertise. of Mastercard gained in international contexts such as in the United States, where the Bill Pay Exchange solution has already been launched ”.
THE COMMENTS OF THE TWO GROUPS
"The consolidated experience of PostePay, combined with the role of Mastercard in the international payments market, represent the main drivers for the success of" Request to Pay ", an innovative solution that will allow to expand the PostePay ecosystem with integrated services for the benefit of all our customers, with the opportunity to extend the offer beyond national borders ”commented Marco Siracusano, CEO of PostePay Spa.
"By launching" Request to Pay "in Italy, we are confident that the solution will not only benefit consumers by offering them greater control, flexibility and security, but will also provide a more efficient and convenient way for sellers to guarantee a level of assistance service, significantly improving the digitization of businesses, ”added Mark Barnett, President of Mastercard Europe.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/ecco-come-postepay-e-mastercard-digitalizzeranno-le-richieste-di-pagamento/ on Tue, 11 Oct 2022 10:53:55 +0000.