New SRTP participant

New SRTP participant

09 September 22

Share This

Monei, a Spanish payment service provider just joined the Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) scheme. This is good news for this European Payments Council (EPC) scheme which registered its first participant in April this year. Other applications for participation are in the pipeline. 

The SRTP scheme is the most recent active EPC scheme. It covers the set of operating rules and technical elements (including messages) that allow a Payee to request the initiation of a payment from a Payer in a wide range of physical or online use cases.

The RTP is a messaging functionality. It is not a payment means or a payment instrument, but a way to request a payment initiation. 

Interested in joining the SRTP scheme? Find out more here on how to become an SRTP scheme participant.

Your reactions

If you would like to comment on this article, please identify yourself with your first and last name. Your name will appear next to your comment. Email addresses will not be published. Please note that by accessing or contributing to the discussion you agree to abide by the EPC website conditions of use.