Easily accessible SEPA payments for all licensed and non-licensed businesses
Payment Initiation by Qwist
With the integration of our Payment Initiation solution, you can enable your end-users to initiate a standard SEPA bank transfer directly from their bank account without any media interruptions.
For a better customer experience
Payment Initiation powered by Open Banking
It is not easy to meet the consumers’ expectations: The challenge of not being able to provide payment services independently impacts the end user experience and business value for customers by relying on traditional methods that disrupt their end user flow, are time-consuming, and prone to errors.
Payment Initiation through real-time access to bank accounts
Payment Initiation powered by Open Banking allows customers to seamlessly implement payment initiation through real-time access to an end user’s bank account, ensuring swift and secure payment initiations.
Our Payment Initiation Services enables B2B customers to offer their end-users the ability to initiate a bank transfer (Single Euro Payments Area – SEPA – Credit Transfer in the EU) from the payment account they hold with their bank.
Increased conversions
A guided and secure payment method that allows for quick payments. Pre-populated payment details enable frictionless payments, reducing user errors and costly reconciliation processes.
Faster & more secure cross-border payments with unified standards
The SEPA Credit Transfer provides a quick and secure payment rail, lowering the time it takes to receive payments. Therefore, increasing cashflow liquidity.
Cost reduction
Due to a fixed pricing model, Payment Initiation is 80% cheaper compared to conventional payment methods.
How the Payment Initiation works
Secure Payments without disrupting the customer journey
The customer sends a request to our API for payment initiation, which contains all relevant payment details. The end-user has to go through our payment initiation process, entering credentials, and providing strong customer authentication to authorize the bank transfer. Upon successful completion, the customer will retrieve the payment initiation result from our API immediately, including all payment details, as well as the payment initiation timestamp.
Payment Initiation Services offer an alternative to online payments using credit cards or debit cards or manually copying merchant bank details for settling open invoices through the end-user’s online banking.
Payment Initiation
Tech Documentation
Dive deeper and find more information in our API documentation.
- Overview
- How it works
- Prerequisites
Demo Payment Initiation
Still have questions about our Payment Initiation? Please contact us and we will happily provide you with advice!
Existing customer requests
We kindly ask our existing customers to use the Zendesk Support Portal, which you received during your onboarding, if you have support queries or need to talk to us. Thank you very much!