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BNP Paribas and Token Launch Online Instant Payments Service

Open banking payments platform, Token, and BNP Paribas have announced the launch of the first online payments service to combine the power of SEPA Instant and PSD2 APIs, two major initiatives from the European Payments Council. Developed with Token, BNP Paribas Instanea is a turnkey instant payments initiation solution. It delivers account-to-account (A2A) payment capabilities to dramatically enhance the speed and increase the security of transactions for merchants across Europe.

Token’s open payments platform is driving the shift from traditional payment methods to A2A payments. It provides pan-European connectivity to banks, and rich functionality to enable existing Payment Service Providers (PSPs) to benefit from open banking capabilities.

BNP Paribas Instanea will integrate with popular shopping carts and payment gateways to deliver immediate payment settlement and enhance security. Risks like chargeback, are also eliminated as payments are authenticated by the customer in their banking portal.

“SEPA Instant has provided a foundation for additional fast and secure payment solutions for our eCommerce clients,” said Carlo Bovero, Global Head of Cards and Innovative Payments at BNP Paribas. “The advent of open banking APIs presents a unique opportunity to innovate and deliver instant payments at scale. Token’s technology has equipped us with an unrivalled breadth of API connectivity. BNP Paribas Instanea empowers merchants to leverage open banking APIs to manage cash-flow in real-time and deliver better checkout experiences.”

“Token is helping first-movers like BNP Paribas leverage open banking and establish a strategic advantage,” adds Todd Clyde, CEO of Token. “BNP Paribas Instanea is a great example of how Token’s technology can be used to develop compelling payment propositions which become enablers for merchants. Not only do open payments dramatically reduce the risk of eCommerce chargeback, they also enhance the customer experience and boost conversion. We look forward to helping BNP Paribas Instanea drive the take up of instant payments as it is rolled out across Europe.”


  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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