Iren picks SIA to bolster its PSD2-enabled payment services

From: RegTech Analyst

Italian multi-utility provider Iren has picked payment services company SIA to launch of advanced payment services thanks to the innovations introduced by PSD2.

The deal will enable Iren to offer a new payment initiation service through SIA’s digital Open Banking platform, empowering Iren’s customers to pay their electricity and gas bills online in an easy, fast and secure manner directly from the web platform or the company’s app.

“Electronic payments will be an extraordinary enabler for Iren’s nationwide expansion with the aim of combining technological evolution and customer orientation,” said Gianluca Bufo, CEO of Iren Mercato. “The new IrenPay service – provided through SIA’s digital open banking platform – will be an important tool to offer our customers increasingly digital and personalized services.”

Nicola Cordone, CEO of SIA, added, “The decision of a major multi-utility company such as Iren to trust the technology and expertise of our staff is further confirmation of SIA’s ability to accompany the digital transformation of banks, corporates and fintechs, through the development of particularly innovative initiatives, and thus always promoting increased use of electronic payments.

“Open banking is among the main strategic initiatives on which we have been focusing with investments in platforms and with the creation of new services and applications for all the players involved in the new ecosystem enabled by PSD2.”

Copyright © 2020 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.