EPC Press release: One-Leg Out Instant Credit Transfer (OCT Inst) payment scheme goes live

Brussels, 28 November 2023 - As of today 08h00 CET, the new payment scheme of the European Payments Council (EPC) designed for international instant credit transfers is ready for use. The launch of the OCT Inst scheme marks a significant development for the EPC as it is the EPC’s first venture outside of the geographical scope of the Single Euro Payments Area (SEPA). 

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