Micco’s Post

SEPA Instant promises to bring great benefits to both businesses and consumers, but represents a significant operational challenge for service providers. With the first deadlines approaching, we have put together an article outlining the key timelines and themes for implementation. Our article on SEPA Instant Payments Regulation is available here: https://lnkd.in/ee44BZ3s

The European payments industry is undergoing a transformation with the implementation of the SEPA Instant Credit Transfer (SCT INST) framework. This new system enables real-time fund transfers, which will bring about significant changes and challenges for payment service providers. In his article, Bottomline's Frédéric Viard delves into the implications and strategies PSPs need to consider.

Evaluating the Effect of the Latest EU Instant Payments Agreement on Businesses In Europe, the current methods for immediate payments are not unified. The new legislation could unlock massive efficiencies through unified, transparent protocols for instant payments across Europe. Only 11% of euro transfers in Europe utilise instant payment schemes and just 14% of total transfer value uses the system. Sepa Instant Credit Transfers in less than 10 seconds for amounts up to €100,000 between authorised entities explains the slow adoption of SCT-Inst. This limit is often too low for many treasury transfers. 56% of Europe´s 5,500 PSPs have registered for SCT-Inst, with just 14% of total transfer value using this scheme. The EU`s latest legislation is a positive step towards the advancement of immediate, reliable, and effortless transactions. The key for banks and corporates is to engage with the right partners to extract full value from the coming legislation!

Say goodbye to payment headaches! 🙌 Wisebanq makes your SEPA transfers effortless and error-free. Start sending smarter today. #EasySEPA #WisebanqEfficiency #wisebanq

The European payments industry is undergoing a transformation with the implementation of the SEPA Instant Credit Transfer (SCT INST) framework. This new system enables real-time fund transfers, which will bring about significant changes and challenges for payment service providers. In his article, Bottomline's Frédéric Viard delves into the implications and strategies PSPs need to consider.

The European payments industry is undergoing a transformation with the implementation of the SEPA Instant Credit Transfer (SCT INST) framework. This new system enables real-time fund transfers, which will bring about significant changes and challenges for payment service providers. In his article, Bottomline's Frédéric Viard delves into the implications and strategies PSPs need to consider.

🤔 What is SEPA Direct Debit? Our latest article covers everything you need to know about SEPA, including how SEPA Account Access (#SPAA) might help drive open payments across Europe. Click to find out what #SEPA means for your business now ➡️ https://kont.ly/43a3cd76 #SEPADirectDebit #OpenBanking #OpenPayments

🌍 What is SEPA? 🇪🇺 Euro Transfers Simplified SEPA offers streamlined euro banking across Europe, making euro transfers as easy as domestic ones. Experience the SEPA smoothness and navigate euro transactions with ease. Euro Transfers Simplified – Experience the SEPA Smoothness. ✨ #EuroTransfers #SEPA #SimplifiedBanking #IberbancoAdvantage #SeamlessTransactions #GlobalFinance #EfficientBanking

The European payments industry is undergoing a transformation with the implementation of the SEPA Instant Credit Transfer (SCT INST) framework. This new system enables real-time fund transfers, which will bring about significant changes and challenges for payment service providers. In his article, Bottomline's Frédéric Viard delves into the implications and strategies PSPs need to consider.

The European payments industry is undergoing a transformation with the implementation of the SEPA Instant Credit Transfer (SCT INST) framework. This new system enables real-time fund transfers, which will bring about significant changes and challenges for payment service providers. In his article, Bottomline's Frédéric Viard delves into the implications and strategies PSPs need to consider.