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Next Generation Alternative Retail Payments: Infrastructure Requirements

Research Type: Overview
Published: 01 Nov 2014
Pages: 35
File Type: PDF
Size: 6640kb
Analysts: The Paypers
Geographic Scope:    Europe
Editions: Online Payments
Topics: Client, Company, Market, Online-Payments, Product

Real-time payments, API’s and digital identity are core ingredients of the EBA vision on the further growth of “Alternative Payments”

The present opinion paper looks at the potential impact of the growing e-AP domain on payment infrastructure requirements from a payment practitioner‘s perspective. This work by the EBA‘s e-AP Working Group should be seen as one element that the EBA wishes to contribute to a possible response from the supply side to the challenge of delivering infrastructure solutions supporting instant payment services.

As outlined in the e-APWG “Opinion Paper on Next Generation Alternative Retail Payments: User Requirements”, e-APs derive their success from addressing the convenience and functionality (‘conversion’) gaps that are left open by traditional payment propositions. This is because e-APs are mainly focusing on the messaging part of payments, which has become increasingly decoupled from the interbank payment infrastructure.

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