[Italy] PostePay and Mastercard launch a digitized payment requests solution

Global payments technology company Mastercard and PostePay - part of the Poste Italiane Group - have announced that they are working together to launch a “Request to Pay” (RTP) solution in Italy, Fintech Finance News reports.

Request to Pay allows billers to request payment of goods and services, digitally and in real-time. The payer receives a digital request on their web or mobile device and can then choose to accept it and proceed to the payment method.

This solution is suitable for a host of different businesses and consumers’ needs; from online payments to recurring invoices payments such as bills and taxes to P2P money exchanges.

The new partnership reportedly offers an innovative, simpler and more efficient solution to digitize payment requests, easing their management. Buyers can benefit from a single point of access for their payment management, in just a couple of clicks through the PostePay App. And the solution also allows buyers to check a consolidated digital report of their expenses, helping them to keep control of their spending.

For sellers and business owners, RTP makes proceeds management easier, with more efficient cashflows and payments management. Mastercard’s proprietary research “Together Towards Tomorrow: challenges and opportunities of digitalization for businesses”, reveals that 75 per cent of Italian enterprises and retailers interviewed welcome greater digitalization.

Marco Siracusano - CEO PostePay Spa – said, “This partnership with Mastercard places itself in the digital development process powered by Poste Italiane to catch new market opportunities, and fuels the changing process in consumer habits, through a better experience in making and receiving payments.

"PostePay solid experience, together with Mastercard role and expertise in the international payments market, are key drivers to the success of ‘Request to Pay’, an innovative solution that will allow to further widen PostePay ecosystem through integrated services to benefit all of our customers, with the opportunity to extend our offer even over domestic borders”.

Mark Barnett - President, Mastercard Europe - said, “We are proud to be working with PostePay to keep simplifying and modernizing payments for both consumers and merchants to build an inclusive and sustainable ecosystem. As we launch ‘Request to Pay’ in Italy, we are certain that it will not only benefit consumers through giving them more control, flexibility and security, but will also provide a more efficient, cost-effective way for billers to offer first-rate customer service, bringing significant improvements in business digitalization.” 

‘Request to Pay’ further expands the Mastercard and PostePay portfolio of solutions and applications that offer users high-level flexibility and control. The solutions are reportedly part of the two companies’ joint mission to promote an inclusive digital economy where everyone can benefit from safe, easy, fast and accessible transactions; drawing from Mastercard’s international expertise in territories such as the US, where the Bill Pay Exchange solution has already been launched.

Source: Fintech Finance News

(Link and quotes via original reporting)

Global payments technology company Mastercard and PostePay - part of the Poste Italiane Group - have announced that they are working together to launch a “Request to Pay” (RTP) solution in Italy, Fintech Finance News reports.

Request to Pay allows billers to request payment of goods and services, digitally and in real-time. The payer receives a digital request on their web or mobile device and can then choose to accept it and proceed to the payment method.

This solution is suitable for a host of different businesses and consumers’ needs; from online payments to recurring invoices payments such as bills and taxes to P2P money exchanges.

The new partnership reportedly offers an innovative, simpler and more efficient solution to digitize payment requests, easing their management. Buyers can benefit from a single point of access for their payment management, in just a couple of clicks through the PostePay App. And the solution also allows buyers to check a consolidated digital report of their expenses, helping them to keep control of their spending.

For sellers and business owners, RTP makes proceeds management easier, with more efficient cashflows and payments management. Mastercard’s proprietary research “Together Towards Tomorrow: challenges and opportunities of digitalization for businesses”, reveals that 75 per cent of Italian enterprises and retailers interviewed welcome greater digitalization.

Marco Siracusano - CEO PostePay Spa – said, “This partnership with Mastercard places itself in the digital development process powered by Poste Italiane to catch new market opportunities, and fuels the changing process in consumer habits, through a better experience in making and receiving payments.

"PostePay solid experience, together with Mastercard role and expertise in the international payments market, are key drivers to the success of ‘Request to Pay’, an innovative solution that will allow to further widen PostePay ecosystem through integrated services to benefit all of our customers, with the opportunity to extend our offer even over domestic borders”.

Mark Barnett - President, Mastercard Europe - said, “We are proud to be working with PostePay to keep simplifying and modernizing payments for both consumers and merchants to build an inclusive and sustainable ecosystem. As we launch ‘Request to Pay’ in Italy, we are certain that it will not only benefit consumers through giving them more control, flexibility and security, but will also provide a more efficient, cost-effective way for billers to offer first-rate customer service, bringing significant improvements in business digitalization.” 

‘Request to Pay’ further expands the Mastercard and PostePay portfolio of solutions and applications that offer users high-level flexibility and control. The solutions are reportedly part of the two companies’ joint mission to promote an inclusive digital economy where everyone can benefit from safe, easy, fast and accessible transactions; drawing from Mastercard’s international expertise in territories such as the US, where the Bill Pay Exchange solution has already been launched.

Source: Fintech Finance News

(Link and quotes via original reporting)