What is a payment initiation service?

By using a payment initiation service, you usually save yourself the trouble of changing websites and typing payment information such as long recipient IBANs. The Qwist value-added service or the partner can allow you to select the payment account from which you want to transfer money at the push of a button, as well as transfer the amount and the IBAN of the recipient directly to Qwist. As a payment initiation service provider, Qwist automatically completes the online transfer form of your bank. You check and confirm – that’s it!