Answer Pay: Launches Request to Pay demonstrator

  • Answer Pay an enabler to make the future of digital payments possible offer a white-label digital invoice and cash collection service serving banks
  • The new demonstrator enables billers, payers, and payment services providers to experience the full Request
  • Request to Pay addresses the competing needs of billers who want payment control
  • Key to the success of Request to Pay Payment Service Providers as they provide the user interfaces for the biller
  • For biller facing PSPs an opportunity to access new revenue streams and simplify alternative payments
  • Demo shows that by enabling the payer to receive and aggregate their requests in their chosen supplier app
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Irish Banks Launch P2P Payments Service to Enhance Digital Transactions

New service aims to simplify peer-to-peer money transfers in Ireland.Highlights: Irish banks have introduced a new P2P payments...

Bank of Canada Strengthens DLT-Based Bond Issuance Experiment

The central bank's pilot project explores innovative bond issuance methods.Highlights: Bank of Canada completes its DLT-based bond issuance...

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions.Highlights: One in seven UK high street shops went cashless...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties.Highlights: Morgan Stanley plans to cut 2,500 jobs across various...