Paris, 15 June 2023

Frontrunner banks to deliver request to pay proof of concept with EBA CLEARING’s R2P Service

The PoC will showcase how PSPs can adopt R2P and create value around request to pay

Seven multinational banks have joined forces for this deliverable and would welcome additional participants

EBA CLEARING announced today that, together with seven multinational banks, the Company has kicked off preparations for a pan-European request to pay proof of concept (PoC). The aim of this initiative is to showcase how to roll out and create value around request to pay to pave the way for live implementation.

The initiative has been started by frontrunners among the funding institutions of EBA CLEARING’s R2P Service, including BBVA, BNP Paribas, CaixaBank, Commerzbank and Deutsche Bank. R2P was implemented in 2021 as a pan-European messaging infrastructure system to enable request to pay solutions for end users. The PoC initiative is open to any other R2P funding institution and expected to be completed by the end of this year.

Fredrik Tallqvist, Project Manager for the R2P PoC at EBA CLEARING, said:  

“We are very pleased that several of our funding institutions have joined forces for Project Breakthru to define and develop this pan-European request to pay proof of concept. Given the wide range of opportunities where request to pay can make a difference, it is important to agree on a starting point and to explore what it will take to make this work end to end. As the provider of the first pan-European request to pay messaging system, we are keen to support this initiative and look forward to onboarding more institutions as our work progresses.”

The pan-European request to pay (R2P) infrastructure service of EBA CLEARING was developed and implemented with the support of 27 payment service providers from 11 European countries for the 15 June 2021 launch date of the SEPA Request-to-Pay Scheme created by the European Payments Council (EPC).

R2P provides a real-time messaging layer supporting a standardised and managed exchange of request to pay messages on a pan-European level. Separated from the end-user solutions and payment infrastructure layers, R2P is use case and payment channel agnostic.