TRANSCRIPTION OF THE VIDEO

Hello everyone, I'm Aude Vicaire and I welcome you to Payment Instant.

This month we talk about RTP or Request to Pay. What is behind this term? That's what we are going to see today.

Request to Pay is first and foremost a use case. When a company or a merchant sends a payment link to its customers, this is called RTP. There are already solutions on the market that can send this message.

But it is also an initiative launched a few years ago by the EPC, the European Payment Council, which consists in standardizing the message that companies must send to allow payment. And we talk about it even more since some time with the bill of finances which aims at dematerializing the invoices. Projects that will be implemented in early 2024 for large companies and early 2025 for SMEs. It obviously aims to use this RTP.

Whether we talk about the use cases or the initiative, the customer path is the same. First and foremost, the issuer must define its payment link. To do this, he must of course enter the beneficiary and the amount, but he can also add information such as the validity period of the payment method. Once the payment link is sent, the recipient receives it and can accept or refuse the payment. Of course, if he accepts, he can choose to pay immediately or later within the validity period declared by the issuer.

It is important to understand that the RTP only covers the issuance of the payment link and not the payment itself. The merchant must therefore add a payment solution to this RTP to be able to offer an end-to-end solution.

Our belief at Market Pay is that RTP only makes sense if it is coupled with payments, and in particular with transfers. It allows us to address a number of cases: B2B invoicing, which we have already mentioned, but also debt collection and local payment solutions, particularly in the case of very large baskets.

The Market Pay solution includes the sending of the payment link and the payment solution by simplified transfer. Merchants already have a solution that allows them to send links by SMS, QR code or email, and to generate reminders in case of unpaid invoices.

And that's it, the Instant Payment is over. Next month, we will talk about cryptocurrencies and their uses in terms of payment. Until then, feel free to leave comments on the request to pay and to learn more about Market Pay and our products, visit our website and follow us on social networks.