Garanti BBVA International taps Worldline for instant payments solution
Garanti BBVA International (GBI), the trade and commodity finance subsidiary of BBVA-owned Turkish bank Garanti BBVA, has signed a multi-year deal with Worldline to implement the paytech’s instant payments solution in anticipation of incoming EU regulations.
GBI taps Worldline for instant payments solution
The cloud-based solution will enable GBI to send and receive instant payments and ensure its compliance with the EU Instant Payments Regulation.
The advent of the European Union’s Instant Payments Regulation, with its compliance deadline of 9 January 2025, has seen a number of companies adopt Worldline’s solution to bolster their instant payment capabilities within the Single Euro Payments Area (SEPA). Some of its latest takers include Banque Raiffeisen and Anadolubank Nederland.
According to the vendor’s website, the solution covers “the whole value chain for instant payments”, including liquidity management, back-office processing, and clearing and settlement.
GBI is already familiar with Worldline’s payment capabilities, as according to COO Marco Witteveen, the subsidiary has “been entrusting our SEPA payments to Worldline for many years”.
Alongside Worldline, GBI also stands as a long-term partner of Temenos. In 2022, the firm deployed the Swiss vendor’s Temenos Banking Cloud solution to power its retail and corporate banking services in the Netherlands and Germany.
