SEPA INSTANT PAYMENTS

Since the meeting of the European Payments Council in 2014, banks and payment service providers in Europe have been focusing on payment transactions that are triggered and implemented with immediate effect. The background to this is the decision to establish a uniform SEPA Instant Payments framework throughout Europe. This is a scheme based on a classic SEPA credit transfer transaction with the decisive difference that the value credit is made to the creditor with immediate effect.

Learn more about SEPA Instant Payments in our publications