European Instant Payments

European Instant PaymentsEuropean Instant Payments

This factsheet describes how banks in Europe can take advantage of immediate payments transfer anywhere in the Single Euro Payment Area (SEPA) zone arising from the SEPA Instant Credit Transfer (SCT Inst) scheme and the open banking mandate of the Payment Services Directive 2 (PSD2). It also articulates the numerous benefits banks will achieve from adopting production-proven payments technology.