Open banking technology firm Token.io is set to join the SEPA Payment Account Scheme (SPAA), a commercial API initiative facilitating innovation and broader adoption of account-to-account payments in Europe. By participating in SPAA, Token.io aims to contribute to developing enhanced payment functionality, including features like Dynamic Recurring Payments and Payment Certainty Mechanisms. These capabilities are expected to expand the use cases for instant bank payments, fostering competition with existing payment methods and positioning Europe as a global leader in digital payments.
Token.io joins SEPA Payment Account scheme
