2024解锁账户对账户（A2A）支付的潜力报告（英文版）-The Paypers

InsightsintoPaymentsandBeyond

UnlockingthePotentialofA2APaymentsReport2024

ChangingtheWayWePayandGetPaid

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Foreword

EsteraSava

ContentEditoratThePaypers

thankyoufordownloadingtheUnlockingthePotentialofA2APaymentsReport2024–ChangingtheWayWePayandGetPaid!AimingtoprovideinsightsintothelatesttechnologiesanddevelopmentswithintheA2Aspace,thefirsteditionofthereportfeaturesanup-to-dateandcomprehensiveoverviewofthea2apaymentecosystem.

Contextandpurpose

account-to-account(a2a)paymentsaregainingmomentumacrosstheglobe.internationally,a2apaymentsrepresented

8%

ofecommercetransactionsin2023

,andareexpectedtoaccountfor17%ofallecommercetransactionsbyvolumeby2028.

thisgrowthcanbeattributedtotheincreasingadoptionofreal-timepayment(RtP)schemesandthesuccessofproductinnovationleveragingtheinfrastructure(e.g.,openBanking).theappealofsafety,swiftness,andreducedcostsfuelsthistrend.

Althoughnotnew,A2Apaymentmethodshavebecomemoreprolificasbanksstartedtodevelopsolutionstochallengeinternationalcardbrands.acatalystfordirectdigitaltransactionsbetweenbankaccounts,a2apaymentscanbefoundintheformofcheques,directdebit(aCh–automatedClearinghouse),banktransfers(sePa),andopenBankingpaymentsolutionswithinappsandonlineservices.

moreso,thepaymentcategoryseesopenBankingandreal-timepaymentscometogether,withaparticularfocusonbank-leddomesticpaymentsolutionsthatinnovatedigitalpaymentsbeyondfintechandtraditionalcards.Formerchants,suchbankdevelopmentsinpaytechofferanalternativetoexpensivetransactionfeesfromcardnetworks,whilstOpenBankinghelpsexpeditefinancialtransactionsandservices.Withinthiscontext,understandablyso,someofthemostexhaustiveA2Abrandsgloballyalsoapplyreal-timeorinstantpaymenttechnology.

Currently,a2aismostprevalentinsmallereuropeancountriesandgrowingeconomies,witha

regionalcomparison

ofa2atransactionsplacingLatinAmericaatthecentreofappsthatenableA2Apayments,whilstEuropeandAsia–Pacificfocusonbanktransfersordirectdebitsolutions.inmatureconsumermarketswithadeeplyentrenched

cardculture

suchasCanada,Japan,theUs,andtheUk,a2ahashadlessofanimpact,asthemarketshaveestablishedpaymentsystemsthatdriveloyaltywithconsumersduetosuccessfulcardrewardprogrammes.todrawawayconsumerexpenditurefromestablishedincumbentsincludingcardsandthewalletscarryingthem,A2Aprovidersmightneedtoofferincentives.

Whatdoesthereportfeature?

Inthiscontext,ournewreportdelvesintothecoreofA2Apayments,exploringtheirroots,differenttypes,andacceleratedevolutioninthelastfewyears.throughoutthereport,wefurtherexploretheintricaciesofthispaymentmethod,aimingtounveiltheessenceofa2apayments.→

THEPAYPERS|UnloCkinGthePotentialofa2aPaymentsRePoRt20243

Wedistinguishbetweendomesticschemes(includingnew,regionalinitiativeslikeePi)andthetransformativelandscapeofopenBanking–alongsidethechallengesposedbyinteroperability–,highlightingtheinherentbenefitsofA2Atransactions.Whetheryouwanttobebetterequippedtonavigatethecomplexitiesoftheglobalfinancialsectororseekpartnershipopportunitiesinspecificmarkets,thisreportaimstoserveasanessentialguide.

Settingthescene:thestateofA2Apayments

Westartthereportwithanin-houseeditorialpiecethatdelineatesthea2apaymentspace,providinganoverviewofthetypesofA2ApaymentsanddifferentiatingbetweentraditionalandOpenBanking-enabledones.Fromhowreal-timepaymentschemesaffecttheirprevalencetoexemplifyingsomeofthemostsuccessfulandsignificantA2Apaymentmodels,thearticleaimstoofferacomprehensiveoverviewofhowthispaymentmethodhasdevelopedinthepastyearswhilehighlightingitsbenefitsfortheecommercespace.

TheimportanceofA2Apayments–addressingcomplexitiesandcustomerneedsinthebroaderfinanciallandscape

knowingthechallengesofpaymentmeansandbeingfamiliarwithcustomerneedsareimportantaspectsofensuringone’spaymentstackispreparedtoaddressthem.Consequently,thesecondchapterofourreportisdedicatedtounderstandingthekeybenefitsandchallengesofA2Apaymentsforindividuals,PSPs,andmerchantsalike.ThechapteralsodelvesintotheEuropeanlandscapeanditsmostpredominantdifficulties,andithighlightshowA2Apaymentscanbeahavenforthoseplayerslookingtosurvivemerchants’decisionstoconsolidatetheirPsPsandsuppliers.

DevelopmentsandusecasesofA2Apayments

inthissection,wediscusshowa2apaymentshavedeveloped–andsomeoftheirmostprominentusecases–,whilefocusingontheroleplayedbydigitalisation.Wedetailtheimpactofa2apaymentsontheecommercelandscapeandhighlightoneofthemostwidespreada2aschemesworldwide,UPi,andhowitcontributedtorevolutionisingdigitalpaymentsinindia.moreover,wediscussdigitalwalletsandtheirpotentialtosupporttheexpansionofa2apayments,withtheeuropeanPaymentsinitiative(ePi)sharingaperspectiveonthesubject.anotherfocusofthischapterishowa2apaymentsareexpectedtoshapethefuture,butdon’tletusspoilitforyou,readontofindoutmoreabouttheirimmensepotential.

A2Apaymentsasameanstoenhancefraudprotectionandaddvalue

Ourfinalchapterdiscussesfraudwithinthisspace.Weemphasisehowdata-enrichedpaymentscanprovidemorethanfunctionality,addingvaluetobothconsumersandmerchants.anotherimportanttopiccoveredistheprevalentissueofauthorisedpushpayment(aPP)fraud,andhowitimpactstheindustry.

GlobaloverviewofA2Apaymentmethods

ifyou’refamiliarwithourreports,youprobablyknowbynowthatwearededicatedtocraftingdetailedinfographicsthatincludethemostprominentindustryplayers.theUnlockingthePotentialofA2APaymentsReport2024isnoexception.We’vepreparedforyou,ourreaders,anexhaustivelistofa2apaymentsplayers,focusingonlocalandregionalA2Aschemes,aswellasOpenBanking-basedA2Apaymentsandtechnologyproviders.

Withoutfurtherado,weinviteyoutodelveintooneofthehottestpaymentstrendstoday!ReadtheUnlockingthePotentialofA2APaymentsReport2024tolearnmoreaboutthechallengesandopportunitiesthatcomewiththeever-expandingtechnology!

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THEPAYPERS|UnloCkinGthePotentialofa2aPaymentsRePoRt20245

TableofContents

3>

foreword

6>

settingthescene:thestateofa2aPayments

7>

UnderstandingA2APayments:AdoptionandTrends|EsteraSava,ThePaypers

10>

theimportanceofa2aPayments–addressingComplexitiesandCustomerneeds

intheBroaderfinanciallandscape

11>

TheKeyBenefitsandChallengesofA2APaymentsforIndividuals,PSPs,andMerchants|

InterviewwithClementJozwiakandFrédéricFrizzarin,Worldline

13>

TheChallengeofPaymentsinEurope|InterviewwithFernandoRodríguezFerrer,Bizum

15>

A2APayments–aMeanstoSurviveConsolidation|InterviewwithSebHempstead,GoCardless

17>

DrivingAdoptionofA2APayments–aWorkingHypothesisBasedonaCustomer-Centric

ApproachtoInnovation|FrancescoBurelli,ArkwrightConsulting

23>

DevelopmentsandUseCasesofa2aPayments

24>

DigitalisationanditsRoleina2aPayments’Prevalence

25>

A2APayments’EffectontheEcommerceIndustry|InterviewwithTarikZerkti,MyBank

27>

UPI:RevolutionisingDigitalPaymentsinIndia|InterviewwithRiteshShukla,NPCIInternational

PaymentsLimited(NIPL)

28>

DigitalWallets–aMeanstoFurtherA2APayments|InterviewwithFabianMansfeld,EPICompany

30>

futurePerspectivesandstrategiesona2aPaymentsDevelopment

31>

NavigatingPayments–HowA2APaymentsWillShapetheFuture|InterviewwithNikogiannis

Karantzis,ISXFinancial

33>

a2aPaymentsasameanstoenhancefraudProtectionandaddValue

34>

Data-EnrichedPayments–MovingBeyondFunctionalityintoAdded-Value|InterviewwithJussi

Lindberg,Trustly

36>

TheAPPFraudProblemandItsImpactonthePaymentsIndustry|MarkBeresford,Edgar,Dunn&

Company

38>

Globaloverviewofa2aPaymentmethods

39>

Introduction

40>

LocalandRegionalA2ASchemes(Infographic)

41>

OpenBanking-BasedA2APayments&TechnologyProviders(Infographic)

SettingtheScene:theStateofA2APayments

ThePaypersTHEPAYPERS

UnderstandingA2APayments:AdoptionandTrends

EsteraSavaisaContentEditoratThePaypers,bringingherexpertiseincontentcreationand

editorialprocessestothePayments&Commerceteam.Withafocusontheever-evolving

ecommercepaymentslandscape,sheisactivelyinvolvedinvarioushigh-impactprojectsand

industryreports.Throughherproactiveapproachanddedication,Esterahelpsdrivethesuccess

ofThePaypers’initiatives.

EsteraSavaContentEditorThePaypers

a2apaymentsaredirectfundtransfersfromonebankaccounttoanother,bypassingtheneedforadditionalintermediariesorpaymentinstrumentssuchascards.Globally,between2023and2027,a2apaymentsinB2Cecommerceareforecasttogrowbya

14%CAGR

,becominganimportantpaymentmethod.Whilehistorically,theyhavebeentypicallyassociatedwithspecificbankaccounttransactions,withuserseithermakingtransfersfromonebankaccounttoanother,oradirectdebit,a2apaymentscansupportalldirectaccountpayments,includingbankanddigitalwallets.

a2apaymenttypesandtheroleofopenBanking

a2apaymentsfallundertwocategories:thecommonlyknownbank-to-bankpayments–oronlinebankinge-paymentsleveragingamulti-bankscheme(e.g.,iDeal)–andthosepoweredbyopenBanking.traditionala2apaymentsalsoincludepushandpullpayments.Theformerisutilisedforsendingone-offpaymentsfromoneaccounttoanother,whilethelatterforretrievingpaymentsfromoneaccounttoanother(e.g.,directdebit).

66Globally,between2023and2027,A2ApaymentsinB2Cecommerceareforecastto

growbya14%CAGR,becominganimportantpaymentmethod.

Previously,a2apaymentsstruggledwithbeingaviablecompetitoragainstotherpaymentmethodsinmanymarkets–withexceptionssuchasthenetherlands’iDeal,Poland’sBlik,mobilePayinthenordics,myBankinitaly,andspain’sBizum.Withmanualbanktransfers,payershadtologintotheirbankaccountswhenevertheywantedtomakeapayment,whereasrecurringpaymentsrequiredthemtocompleteanextensiveauthorisationform.TheUXwasalsodisjointedwhenpayingthefirsttime:whensigningupforanewsubscriptionservice,usershadtomakeaone-offpaymentbeforetheirbankdebitcollectionbegan.Allinall,theyweren’tsubstantiallybeneficialtoconsumerswhencomparedtocards,whichweremoreprevalent.Assuch,businesseswerepromptedtodealwithhighcardprocessingfeesanddelayedreconciliationtimes.openBankingtechnologyandinstantpaymentshavehelpedstrengthenthea2apaymentsrealm.atitscore,openBankingistheprocessofbanksandotherfinancialinstitutions(FIs)openingdataforthosewhoconsenttoaccess,use,andshare.Themodernisedbankinginfrastructurelookstoincreasecompetitionandimprovefinancialservices,leveraginghistoricallykeptin-housedatatocreatenew,innovativeproductsandprocesses.Consequently,businessesandcustomersalikecanbenefitfromincreasinglyefficientfinancialtools,theabilitytoautomatepayments,andmorevisibilityovertheirfinances.Effectively,OpenBankingelevatesA2Apayments,enablingtheirusageatthepointofpurchaseinsteadofcardpaymentsandbringingforthincreasedspeedandsimplicity,freeofmanualdataentryandintermediariesthatwouldotherwiseincreasethecostoftransactions.→

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intheeU,theeuropeanPaymentsCouncil(ePC)establishedthe

SEPAPaymentAccountAccess(SPAA)

scheme,whichdelineatesrules,practices,andstandards–settoenabletheexchangeofpaymentaccounts-relateddata–andfacilitatestheinitiationofpaymenttransactionsinthecontextofvalue-addedservicesprovidedbyassetholderstoassetbrokers.sPaaalsoaimstoaddressthe

challenges

broughtforwardbythefullimplicationsoftherevisedPaymentservicesDirective(PsD2),namely,tounlocktheopportunitiesofopendataaccess,whilstensuringbanksareincentivisedtomaintainaPisandreal-timepaymentsinfrastructure.

Developmentssurroundingpaymentrailsandfutureexpectations

thepaymentssectorismovingtoreal-timepaymentrails,furtheredbyconsumerandmerchantdemandforincreasinglyfast,efficient,secure,andcost-effectivepaymentsolutions.Whilstthemarkethasbeendominatedbycards,changingconsumerbehaviourandthedemandforreal-timepaymentshavepromptedevenwell-establishedcardnetworkslikeVisaandmastercardtoadapt.

Mastercard

isactivelybuildingoncorereal-timepaymentrails,whileVisaisfocusedondevelopingoverlayservicesthroughacquisitionsofcompanieslikeTinkorCurrencycloud.Governmentsandotherplayersareputtingsignificanteffortintoimprovingcorepaymentinfrastructures.suchisthecaseintheUk,whereaprogrammeisunderwaytorefreshfasterPayments,areal-timepaymentsystemlaunchedin2008,withnewtechnologyandarchitecture.thesystemoperatoroffasterPayments,Pay.Uk,willensurethedeliveryofthe

NewPaymentArchitecture(NPA)

fortheUk,whichincludestheintroductionofinstantpaymentswithimprovedtransparencyandinstantsettlementandclearance.

ePCalsointroducedsePainstantCredittransfer(sCtinst)innovember2017,supportingmoneytransfersofuptoeUR100,000betweenparticipatingbanksorPSPsintheSEPAareainrealornearrealtime.Apartfromofferingafastsettlement,withmostsCtinsttransactionsprocessedinseconds,theyarealsoavailable24/7/365.inmarch2024,aregulationoninstantpaymentswaspublishedintheOfficialJournaloftheEU,promptingPSPswithintheEurozonetoacceptincomingSEPAinstantpaymentsinninemonthsfollowingthepublication,and18monthsforsendingoutgoingpayments.By9January2025,PsPsshouldbeequippedtoreceiveeURinstantpayments,andby9october2025,theywillneedtomanageoutgoinginstantpayments.

Globala2a/real-timepaymentsdevelopments–fromadoptiontotrends

intheUs,a2arails’adoptionismainlyincentivisedbycosts,astheinterchangefeesassociatedwithcardpaymentsarenotlimited,andthereforehigh.theprimarya2arailintheregionhasbeenthe

AutomatedClearingHouse(ACH)network

,offeringcost-effectivetransactions,althoughtheconfirmationtimeislonger.ACHhasbeenintegratedwithseveralwell-knownplatforms,suchasVenmo,andisoftenusedtodecreasecostsandboostmargins.theintroductionofthefednowsystemin2023isexpectedtocontributetoanevolutioninthisspace,asitcanofferbothlowfeesandinstantsettlement.FedNowcanalsoreplaceACHinmultipleusecases,beingamoresecurerailduetoreal-timepaymentconfirmation.TheEuropeanspacecontraststheUSinthatthecostofcardpaymentprocessingissignificantlylower,andbusinessesarenotasconcernedwiththeirprocessingduetothelimitedimpactontheirbottomline.Consequently,a2apaymentsintheregionmustfocusonotherusecasesthancostreduction.amongthemostnotablearehigh-riskbusinesses,industrieswithhighchargebackrateslikeegamingorbetting,whichalreadybenefitfromA2ApaymentsthroughOpenBanking.OtherimportantusecasesforA2Apaymentsarehigh-valuetransactions,utilities,andotherrecurringbills.

WhilstopenBankingpaymentsarenotyetrecurringineurope,theindustryisworkingtowardsthis,withthemostwidelyadoptedA2Apaymentmethodintheregionbeingdirectdebit,whichofferseaseofuseandreliabilityinrecurringtransactions.Itsdecreasedcostandlowfrictionforuserswheninitiatingrecurringpaymentshavemadethesolutionwidespread.thisincreasedadoptionishighlightedbythefactthatevenbigcompaniesthatdealwithhighnumbersofsingle-timepayments,suchasamazon,haveadopteddirectdebitasapaymentmethodineurope.→

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someinterestinga2apayments-relateddevelopmentsintheregionarethoseof

Bizum

andtheeuropeanPaymentsinitiative(ePi).ajointprojectbetweenthespanishbankingsector,Bizumisana2apaymentmethodthatenablesinstanttransactionsthroughamobiledevice.Userscansendandreceivemoneytoandfromanyone–withnoneedtoknowtheaccountnumber–,makeonlinepurchases,splitexpenses,andmakedonationstonGos.itaimstobeauniversal,simple,immediate,andsecurepaymentmethod.Similarly,EPIwaslaunchedby16banksandfinancialservicescompaniestocreateanewdigitalwallet,namely

wero

,andaunifieda2asolution.itaimstobecomeanewpaymentstandardforeuropeanmerchantsandconsumersacrossallretailtransactiontypes,in-store,online,andP2P.aninstantpaymentsolution,werowillbeintegratedintoePi’smemberbanks’appsandlaunchedasastandaloneapp,firstinBelgium,France,andGermany,followedbytheNetherlandsandothercountriesinthefuture.EPI’s

acquisition

ofiDEALintheNetherlandsandPayconiqInternationalinLuxembourgisalsosettosupportitsplanstodeliveraunifiedinstantpaymentschemeandplatformforeurope.

movingontolatinamerica,a2apaymentsmadeup

20%oftotalecommercetransactionvalue

in2023.intheregion,Brazilstandsout,asa2apaymentshavedevelopedandspreadwidely,primarilythroughthe

Pix

system,introducedbytheCentralBankofBrazil.Itsbenefitsarecost-effectiveness,instantsettlement,andstrongauthentication.Whilstwidelysuccessful,animportantpainpointofthepaymentmethodisitsinabilitytohandlerecurringpaymentsefficiently,asitrequiresstrongauthenticationforeverytransaction.theCentralBankisaddressingthisthroughaseriesof

newdevelopments

,suchas:PixAgendado–‘scheduledPix’–atransferscheduledbythepayer(personorbusiness)totakeplaceonacertaindate;PixAgendadoRecorrente–‘recurringscheduledPix’–atransferscheduledbythepayertobemadeatcertainintervalswithfixedamounts(e.g.,rentpayment);PixAutomático–‘automaticPix’–settobelaunchedinoctober2024anddesignedtodemocratisethepopulation’saccesstorecurringpayments;andPixInternacional–aconnectionbetweenPixandRtPora2across-borderschemes.

TheAPAClandscapeisdefinedbytheprevalenceofreal-timepaymentsandinteroperability.Real-timepaymentsintheregionarevariedandinfluencedbycountrydemographics,economicpolicies,andtechnologyadoption.

China

launcheditsreal-timepaymentssystemin2010,theinternetBankingPaymentsystem(iBPs),tostrengthenitsbankinginfrastructureandfurthernon-cashpayments.in2021,itrankedasthesecondcountryworldwideintermsoftransactionvolumeofreal-timepayments.anothernotablementionisaustraliawithitsnewPaymentsPlatform(nPP).insoutheastasia,singaporeandthailandlaunchedQRcode-basedreal-timeretailpaymentsystems–PaynowandPromptPay.inindia,UPiisareal-timepaymentsolutionthatenablesinterbanktransactions.itwasdevelopedandlaunchedbythenationalPaymentsCorporationofindia(nPCi)in2016,anditquicklybecamethepreferredpaymentsolution,withoverabillionmonthlytransactions.atitscore,itsupportsmoneytransfersbetweenbankaccounts,addingmultipleaccountsintoasingleappandenablingtransfersandmerchantpaymentsfromoneplace.italsoallowsP2Pandpeer-to-merchant(P2m)collectionrequests,whichcanbescheduledandpaidasneeded.

Concludingthoughts

onaglobalscale,itisevidentthata2apaymentsareontherise,furtheredbytheongoingprevalenceofopenBanking,increasedreal-timepaymentconnectivity,andsupportiveregulatoryframeworks.Businessescanbenefitfromintegratingreal-timeA2Aoptions–fromenhancedcashflowmanagementandreducedpaymentcoststozerochargebacks.Furthermore,OpenBanking-enabledA2Apaymentshelpbrandsincreaseconversion.

thepaymentslandscapetransformation,drivenbytechnologyandchangingconsumerpreferences,requiresecommerceplayerstoalignwithevolvingpaymentdynamics–tailoringpaymentjourneysforinternationalcustomers,implementingadvancedomnichannelsolutions,andincludingreal-timeA2Aoptionsintotheirpaymentofferings.Businessesshouldunderstandandembracethesetrendstomaximiserevenueandoptimiseperformance,ultimatelyboostingcustomerloyaltyandretentiononaglobalscale.

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TheImportanceofA2APayments–

AddressingComplexitiesandCustomer

NeedsintheBroaderFinancialLandscape

THEPAYPERS|UnloCkinGthePotentialofa2aPaymentsRePoRt202411

WorldlineWORLDiNE·w,

ClementJozwiakandFrédéricFrizzarinaddressthepotentialofA2Apayments,highlightingthebenefitsandchallengesforindividuals,PSPs,andmerchantsalike.

ClementJozwiak

FrédéricFrizzarin

ChiefProductOfficer

HeadofPre-Sales

Worldlinefinancialservices

Worldlinemerchantservices

ClementJozwiakandFrédéricFrizzarinaretheChiefProductOfficerandHeadofPre-SalesatWorldlineFinancialServicesandWorldlineMerchantServicesrespectively.Worldlinehelpsbusinessesacceleratetheirgrowthwith

advancedpaymentstechnology,localexpertise,andsolutionscustomisedforhundredsofmarketsandindustries.

Thereisagrowingdemandforaccount-to-account(A2A)payments.Whatarethekeybenefitsofincorporatinga2apaymentsforPsPsandmerchants?

a2apaymentsempowerPsPstoovercometraditionalpaymentrestrictionssuchascardlimits,enablinglargertransactionamountsandreducingtheriskofdeclines.incorporatinga2apaymentsalsofacilitatesusecasessuchasdigitalinvoicepayments,recurringpayments,andfuture-datedpayments,expandingtherangeofcustomerservices.ThisdiversificationmeetscurrentmarketneedsandpositionsPsPsforfuturegrowthandenhancedservicedelivery.formerchants,a2apayments,includingopenBanking,canreducetransactionprocessingcostsbyeliminatinginterchangeandcardschemefees.Workingcapitalisalsoimprovedthroughfasteraccesstofundsandavoidingthehighuncertainty,cost,andadministrationofchargebacks.

66A2ApaymentsempowermerchantsandPSPstoovercometraditionalpaymentrestrictions

suchascardlimits,enablinglargertransactionamountsandreducingtheriskofdeclines.

WhatbenefitsdoindividualsgainfromA2A,andwhatmeasurescanbetakentoencourageadoption?

OneofthemanybenefitsprovidedbyA2Atousersincludeafullyonlineexperience,consistentacrossallchannels.Consumerscanpayfromtheirbankingenvironment,safelyandsecurely,andanyonewithabankaccountcaninitiatetransactionsusingtheironlinebankingapp.Consequently,over75%ofuserswhotrya2apaymentschoosetousethemagain.Beyondpayments,embeddedfinancewillenableadvancedusecasestoservepayersbetter.Byaddressingexistingpainpoints,PsPscanshowcasea2apayments’convenienceforthepayerandencourageadoption,whilstmerchantscanincentivisetheirconsumers.

Whatarethecurrentchallengesfora2acomparedtootherpaymentmethods,andhowshouldthesebeaddressed?

oneoftheprimarychallengesfora2apaymentsistheneedforPsPstoembedthemintotheircurrentportfoliosfullyandincludeadditionalfeaturestomatchthestandardsofestablishedpaymentmethods.PSPsmustensurethatA2Apaymentsoffera→

seamlessuserexperiencecomparabletootherpaymentoptions.additionally,consumersincreasinglydemandinstantaneouspayments,significantlychallengingthelimitationsofSEPAInstantCreditTransfer,whichwillbelargelyovercomewiththeInstantPaymentsRegulation.keychallengesformerchantsincludethemultitudeofexistinga2apaymentschemesandtheirlackofinteroperability.eachschemerequiresseparateintegrationandmultiplecontractnegotiations.Disputeprocessesvaryconsiderablyorlackaltogether,creatingconfusionandaddingcomplexity.Poorimplementationofa2atransactionscanworsenuserexperiences.Regulatorsarekeyinaddressingthesechallenges.Otherchallengesincludefundsreconciliationdifficultiesandtheneedtoaddanewpaymentproviderifthewrongstrategicchoicesaremade.

Whereareyouseeingthefastestmerchantadoptionofa2apayments,andwhatcanbedonetoaccelerategrowth?

Globally,expeditedmerchantadoptionhasbeenseeninindia,China,andBrazil.Withineurope,Poland,thenetherlands,sweden,