Introduced in 2018 by the European Payments Council, the request to pay is intended to facilitate bill settlement while ensuring the security of transactions. Behind this initiative is the goal of regulating the security of payments and collections between debtors and creditors, digitizing invoices, and reducing payment delays.

This solution offers numerous advantages by providing a simpler, faster, and more cost-effective service.


One of the notable benefits is the reduction of payment delays. The use of standard payment methods such as checks or Interbank Payment Titles (TIP) can result in losses or errors in manual document filling, thus prolonging payment delays. With Request to Pay, information is automatically filled in, reducing the risk of errors, simplifying the payment request process, and facilitating accounting reconciliation.

Another significant advantage mentioned earlier is cost reduction. When combined with payment by bank transfer, Request to Pay allows users to bypass scheme networks that charge commissions for each transaction.

The solution also offers a unique messaging model at the European level, thereby standardizing the message sent for payment.

For the payer, this payment alternative also presents advantages. Compared to direct debits, for example, RTP provides more control to the debtor and allows for better budget management. Upon receiving the payment request, the payer has the option to accept or reject the payment. If accepted, the payment can be made immediately or within the timeframe set by the creditor.


However, it's important to understand that RTP only manages the issuance of the payment link, not the payment itself. Therefore, it is necessary for companies using the solution to combine it with a payment method.

At Market Pay, our belief is to combine payment initiation with RTP to offer the best experience to customers, especially for bill settlements.

We offer merchants a comprehensive solution with Pay by Bank. This is our simplified bank transfer solution that, when coupled with Request to Pay, addresses various use cases such as B2B invoicing, collections, or proximity payments for large amounts.

Furthermore, the Finance Law of 2020 implemented by the government introduced the obligation of electronic invoicing in exchanges between companies subject to VAT. This measure must be applied by mid-2024 for companies with over 5000 employees, early 2025 for those with more than 250 employees, and early 2026 for SMEs and micro-enterprises. This should greatly contribute to the growth of request to pay... and likely payment initiation as well!

If you want to learn more about Request to Pay, accessible through the Pay By Bank solution, contact us!