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SEPA Instant Credit Transfers – Towards a New European Standard?
The European Instant Payments Regulation which came into force a year ago, now requires all payment service providers in the Eurozone of the European Economic Area to offer SEPA instant credit transfers for incoming payments by January 2025 and for outgoing payments by October 2025 at the latest.
This regulation thus reaffirms its objective of accelerating the adoption of SCT Inst and aims for greater alignment with traditional SEPA credit transfers.
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By TMI - Treasury Management International
5
44 ratings
The European Instant Payments Regulation which came into force a year ago, now requires all payment service providers in the Eurozone of the European Economic Area to offer SEPA instant credit transfers for incoming payments by January 2025 and for outgoing payments by October 2025 at the latest.
This regulation thus reaffirms its objective of accelerating the adoption of SCT Inst and aims for greater alignment with traditional SEPA credit transfers.
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