Can I Use Credit Products For A2A Payments?

Currently, credit products do not support Payment Initiation through Open Banking/PSD2 channels.

Definition of Credit Products

Credit products include credit cards, personal loans, and lines of credit.

Current Limitations

As of now, the technical standards and regulatory frameworks for Open Banking/PSD2 are designed for payment accounts like checking and savings accounts. They do not extend to credit products.

Future Developments

There might be future developments or regulatory changes that could extend these capabilities to credit products, but no official timelines or confirmed plans are in place.

If you need to initiate payments using a credit product, you will have to use the traditional methods provided by your credit issuer. For updates on any changes, follow news from relevant financial regulatory bodies or your credit provider.

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