Request To Pay 

The New Boost for the Cashless Society

Discover the benefits

The SEPA Request to Pay (SRTP) scheme is a groundbreaking innovation that standardizes and digitizes payment requests across Europe for goods or services directly from the beneficiary to the payer. Launched in 2021 and set to have a profound impact on the ongoing transformation of digital payments, it is currently being adopted by European operators. 

Shared Data, Payments, and the European Single Digital Market

Recent pan-European regulatory and legislative changes (driven by SEPA, PSD2, the ISO 20022 migration, and EU regulation 2024/886 on Instant Payments) are reshaping industrial and commercial payment models. These changes affect banks and businesses alike, with wide-reaching impacts on processes, information structures, and business organization. 

With the rise of digital services, open banking and finance, and new operators, Request to Pay  perfectly encapsulates the demand for agile and innovative payment services across the entire European Economic Area. 

Request To Pay: Applications

SRTP refines the payment experience: by bridging the gaps between requesting issuance, paying, and reconciling, it facilitates payments for both payers and creditors. 

  • in-store purchase
  • online purchase
  • due date payments
  • taxes
  • peer-to-peer transfers

SEPA Request to Pay: A Modular Approach

With over 30 years of experience in collections and payments, we bring unmatched expertise in the banking and service center sectors. We have delivered products, solutions, and projects in collaboration with development teams and operational units at our clients' sites. 

Our innovative proposals help banks and outsourcers maximize the benefits of the Request To Pay scheme and its various applications. Our modular approach is designed to adapt to our clients’ needs and includes: 

  1. A next-generation 24/7 platform for messaging management and connection to the Inter-Service Provider system. 
  2. New business modules that enrich the BankPay Suite with value-added services, such as: 
    • A new RTP "pay later" portfolio advance module, enabling banks to enhance their credit offerings for business clients 
    • An invoice advance module, introducing a new digital alert service for the debtor based on SRTP message exchange and the automatic reconciliation of payments with the advanced invoice 
  3. Consulting and integration services to embed SRTP in other services and use cases.