Under the agreement, which has made Banque Raiffeisen Worldline’s first Luxembourg-based client for its instant payments offering, the Paris-headquartered company will equip the bank with the tools to send and receive instant payments as required by the EU’s Instant Payments Regulation.
In addition, by implementing Worldline’s cloud infrastructure, the paytech says the bank will benefit from greater TIPS connectivity and “smarter and quicker onboarding processes”.