When paying is as easy as shopping, it’s payment initiation from Gini. Whether from an app, browser or by QR payment code, your banking app turns into your central payment tool.
Thanks to SEPA Request-to-Pay, the merchant triggers the payment request, including the invoice, and pushes it directly into the banking app. Authenticate, authorize – done. It allows customers to pay with their checking account without having to share their bank details at checkout. And because every transaction comes with a digital invoice, the transaction list evolves into a valuable receipt collector.
On top of that, the payer’s bank can leverage new revenue potential: from installment payments to Buy Now, Pay Later offerings to selling embedded insurance, the banking app becomes a profitable customer center.