In this episode of the Payments Trilogue, Michael Salmony, Gijs Boudewijn, and Ralf Ohlhausen discuss the SEPA Payment Account Access (SPAA) initiative, a collaborative effort between banks and third-party providers (TPPs) to create a new payment scheme in Europe. They explore the origins of SPAA, its development, the challenges faced in implementation, and the current status of the initiative. The conversation also touches on competing initiatives like the European Payments Initiative (EPI) and giroAPI, emphasizing the importance of collaboration and harmonization in the evolving landscape of open banking.