SIA, an Italy-based payments processor, has entered into strategic partnership with GFT Technologies, an IT specialist for the financial industry, to launch its mobile person-to-person (P2P) payment service, Jiffy, in Germany.
Jiffy, which is already adopted by 13 Italian bank groups, allows users transfer and receive money on their smartphones to and from their phone contacts in real time.
Go deeper with GlobalData
It is available for smartphones using Android, iOS and Windows Phone operating systems.
The service is compliant with the European Retail Payment Board (ERPB) recommendations on instant payments.
Based on SEPA credit transfer, Jiffy is opened to all banks operating in the Single Euro Payment Area.
GFT Germany executive director Bernd Kohl said: "We developed the software modules for Jiffy’s frontend – e.g. including the white-label app and the customer interface. Every bank can customise Jiffy in order to attract new customers or strengthen the loyalty of their existing clients. Driving sales together in Germany is the next important step."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
