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How Request to Pay will transform payments relationships

By Mick Fennell, Business Line Director for Payments at Temenos and Mehmet Eryilmaz, Vice President Real-Time Payments & New Payment Platforms at Mastercard, presented at MoneyLIVE Summit 2022 focusing on how Request to Pay has the potential to transform billing processes and improve the customer experience. This is a short blog taken from their session.
Media Coverage

Retail Dive – Buy now, pay later popularity shows no signs of slowing, FIS report says

Expect buy now, pay later to be a juggernaut in payments for years to come. That's according to the 156-page 2022 Global Payments Report released March 2 by the Worldpay unit of Fidelity National Information Services, also known as FIS. Buy now, pay later will account for about $438 billion, or 5.3%, of the global e-commerce transaction value by 2025, up from 2.9%, or $157 billion, in 2021, fueled by strong demand in key markets such as North America and Europe.
Blog

What is Request To Pay, And Why Will it Be Such a Revolution?

Request to Pay (R2P) is a new, flexible method for settling bills between people, organizations, and businesses. For years the old-fashioned paper and e-mail invoices have been the favoured way to list services done and request payment. Still, change often comes unexpectedly, and R2P is about to burst upon us in a Tsunami of change. Read on to find out more.