Leading European mobile payment solutions BANCOMAT, BIZUM and MB WAY pioneer interoperability launching first instant transactions
With the aim of enabling pan-European and cross-border payments, and fostering interoperability, BANCOMAT (Italy), Bizum (Spain and Andorra), and MB WAY/SIBS (Portugal) have enabled interoperability between their services, and carried the first instant payment transactions, making it easier for their users to make instant payments between people using only their mobile device, their preferred mobile solution, and European infrastructures.
This launch, with a live demonstration that took place at the Web Summit, one of the world’s largest technology events, showcased the first real transactions between BANCOMAT, Bizum and MB WAY users, through SEPA instant transfers and in collaboration with financial institutions in the respective countries.
Check out the press release here.