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Austria’s love for cash payments can be seen through the saying “Nur Bares ist Wahres” (only cash is true), which captures a prevalent sentiment across the country. But why, in a digital age, is Austria so keen on cash payments?
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Worldline supports PSA to roll out an advanced payment ecosystem in Austria Tuesday 16 March 2021 12:28 CET | News
Worldline and Payment Services Austria (PSA) have announced extending their collaboration, working together at the heart of Austria’s payment system.
Worldline will act as the technical clearing and settlement partner for domestic and international interbank payments. Austria will then become the next country besides The Netherlands, Italy, Hungary and the islands Aruba and Curacao, to rely in whole or in part on Worldline’s clearing and settlement platform. Through this cooperation, PSA and Worldline are laying the groundwork for a new real-time payment platform for device-independent payments across Austria.