<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        UK-based Token, an account-to-account (A2A) payment infrastructure provider, has joined the SEPA Payment Account Access Scheme (SPAA), led by the European Payments Council.
      </p>
    </li>
    <li>
      <p>
        Through Token&rsquo;s participation, it will enhance instant payment options, such as dynamic recurring payments and payment certainty mechanisms, to facilitate services like one-click checkout. It also aims to benefit EU payment users, intensify competition with traditional payment methods, create new revenue streams for banks, and establish Europe as a leader in digital payments.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         Notably, this news comes just two weeks after another UK-based open banking payment infrastructure provider, TrueLayer, announced its 
        <a href="https://sp-edge.com/updates/25545">
          participation in the SPAA
        </a>
        .
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://token.io/press/token-io-joins-spaa-scheme">
      Press release
    </a>
  </p>
  <p>
    <a href="https://www.finextra.com/pressarticle/99430/tokenio-joins-spaa-scheme?utm_medium=rssfinextra&utm_source=finextrafeed">
      Finextra
    </a>
  </p>
  <p>
  </p>
</div>


FinTech Infrastructure

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>

<p>Token, a UK-based account-to-account (A2A) payment infrastructure provider, has joined the SEPA Payment Account Access Scheme (SPAA) led by the European Payments Council. This move aims to enhance instant payment services, increase competition in the payment industry, generate new revenue, and position Europe as a leading player in digital payments.</p>

<p>The company's participation in SPAA will enhance services such as dynamic recurring payments and payment certainty mechanisms, intended to facilitate more efficient services like one-click checkout. Token also aims to bring benefits to EU payment users, creating a competitive edge against traditional payment methods and generating new sources of revenue for banks.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> Notably, this news comes just two weeks after another UK-based open banking payment infrastructure provider, TrueLayer, announced its <a href="https:<br>
//sp-edge.com/updates/25545"> participation in the SPAA </a> .</p>

Token joins SPAA to improve open banking monetization

DISRUPTOR_PRESENT

<div>
  <ul>
    <li>
      <p>UK-based Token, an account-to-account (A2A) payment infrastructure provider, has expanded its direct open banking services and payments network across Scandinavia.</p>
    </li>
    <li>
      <p>The platform now offers account information services (AIS) and payment initiation services (PIS) in Sweden, Norway, Denmark, and Finland.&nbsp;</p>
    </li>
  </ul>
</div>

All Updates

Token joins SPAA to improve open banking monetization

Token announces geographic expansion across Scandinavia

EchoPay partners with Token to offer account-to-account payments for wholesalers

Token.io raises USD 40 million in Series C funding