Enabling mobile person-to-person payments within Europe in a secure manner

One big driver for the success of the introduction of mobile payments is the mobile person-to-person (P2P) payments. In addition to the current local, domestic solutions there is a growing need to enable cross-border and cross-community P2P payments.

The European Payments Council (EPC) defined and created interoperability between the existing P2P payment services based on a new service, the SEPA Proxy Lookup (SPL) service.  This SEPA Proxy Lookup service will enable the retrieval of the correct up-to-date IBAN, based on the mobile number of the payee, to P2P payment providers. Worldline has been selected to be the service provider for this centralized SPL service.

Basic functionalities

  • Connection of cross-country and cross-community
  • Person-to-Person payment providers
  • Alias retrieval service
  • Retrieval of the correct up-todate IBAN
  • Mapping mobile number to IBAN
  • Ability to initiate payment to creditor

Future extensions

  • Support of additional aliases/proxy types like email addresses and messenger IDs (e.g. Skype)
  • Support of additional response types like PAN numbers 
  • Payment Requests and Payment Notifications
  • Support Payment Initiation requests for retail payments in European scope
  • Support additional value added services like transfer of e-receipts in case of consumer purchase
  • Include non-European payment providers

Values for Users

  • Improved user experience
  • No interaction with payee required for the IBAN
  • Correct & up-to-date IBAN
  • Payee gets money without additional work (sending the IBAN)
  • Secure way to initiate the payment

Values for P2P Providers

  • Higher attractiveness for new customers
  • Provide improved user experience for customers
  • Reduction of costs because no incorrect IBANs
  • Additional revenue based on additional transactions
  • Additional revenue because the payee can spend the money he got or use it for cash-out services

Download brochure: 'Enabling mobile person-to-person payments'

This brochure explains the challenge and the solution of the SEPA Proxy Lookup service together with the benefits for all participants in more detail.