Jyri Marviala, an account director at Automatia Pankkiautomaatit, believes the new real-time mobile payment system can supplant cash as a method of payment between consumers.
Automatia Pankkiautomaatit, the operator of the nationwide network of Otto ATMs, will launch a new mobile payment system next spring, allowing consumers to use their smartphones to make real-time payments to businesses and private citizens alike.
The Siirto payment system, it estimates, can supplant cash as a method of payment between private citizens and offers an attractive alternative to both online and offline card payments.
“You can leave your wallet home once you can use your smartphone to make payments. Siirto payments will be immediately transferred to your bank account,” Jyri Marviala, an account director at Automatia, says in a press release.
The real-time multi-banking platform for mobile payments was developed by Tieto and is scheduled for its launch in March, 2017.
The system will be first available to the customers of Aktia, Nordea, OP Financial Group and S-Bank as well as those of Maksuturva, Nets and Paytrail, according to Automatia Pankkiautomaatit. Also other banks and payment service providers, it adds, have declared their interest in the payment platform.
Automatia Pankkiautomaatit points out that Swish, a real-time mobile payment system used in Sweden, quickly established itself as a popular method of payment among businesses and consumers after its adoption in 2012: Swish has already been used by more than six in ten Swedes and is used to transfer some 850 million euros every month.
Aleksi Teivainen – HT Photo: Antti Aimo-Koivisto – Lehtikuva Source: Uusi Suomi
