![]() ![]() Swish is an example of such an overlay service, which itself has been built on top of Payments in Real Time, a real-time payments system launched by Bangirot, Sweden's payments clearing house. Yesterday, Nets, a large payments company in the Nordics, and Mastercard announced that "Mastercard has entered into agreement to acquire Nets' account-to-account (A2A) based services including clearing and instant payment services, and e-billing solutions for €2.85 billion." Yet just a month ago, Nets also announced a partnership with Swish to bring the popular A2A-based payments app to physical POS terminals in Sweden.Īren't the two announcements contradictory? No, not at all! It clearly demonstrates the distinction between two important layers in payments - the interbank clearing and settlement infrastructure, and the overlay services for consumers and merchants. ![]()
0 Comments
Leave a Reply. |