MBWAY
O MB Way, in Bancomat (of Italy) and Bizum (of Spain and Andorra) today established “interoperability between their services and carried out the first cross-border instant payment transactions”, the company said today in a statement. SIBScompany that owns the payments application.
The operation was carried out in full, where representatives of the three fintech came together to carry out this transfer.
Quoted by , the executive president of SIBS, Madalena Cascais Toméstated that “this moment reflects our commitment to innovation and to continuing, with MB WAY, to be pioneers in European payments“.
This Wednesday, the three national payment companies made international money transfers between themselves, in a successful operation that will allow the application make the service available in Spain and Italy already next year.
According to , this possibility of transferring money via MBWay to foreign banks is now in the hands of the banks themselves, and not the application. This also means that there is a chance of becoming pay fees for each transferif this condition is imposed by banks.
According to this newspaper, the project only includes, for now, bank transfers, so it still It will not be possible to pay abroad with MBWay using QR codes or payments contactless.
Even so, says the president of SIBS, there are possibilities for expanding the service to other countries: “there are approaches to other solutions that will be able to join this project and extend the scope of the Europa project [nome de código do projeto] to other countries.”
These three companies have, in total, 45 million users and represent more than 182 financial institutions.
