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26 March 24
Creating a sustainable pan-European payment method through SPAA
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council.The building blocks of an open, pan-European payment method are in place: SEPA Instant Credit Transfers (SCT Inst) and open banking to turn them into a payment method. The
26 March 24
Call for Interest: development of SEPA Payment Account Access compliant API specifications
Today, the European Payments Council (EPC) launched a public ‘call for interest’ to identify European Application Programming Interface (API) standardisation initiatives that already developed or intend to develop API specifications compliant with the SEPA Payment Account Access (SPAA) scheme rulebo
SEPA INSTANT CREDIT TRANSFER SCHEME
0 payment service providers
have already joined the scheme:
0% of European PSPs and over 0% of PSPs in the euro area.
ESTIMATED SHARE OF SCT INST VOLUMES IN
TOTAL CT* VOLUMES
At least 1 SCT Inst participant but no majority of payment accounts in the country
No SCT Inst scheme participants in the country
*SCT Inst scheme largely enumerates those having the most significant volumes in their countries.
Featured
Now is the time to join SCT Inst - a major advance for European payments
Since its launch in November 2017, the SEPA Instant Credit Transfer (SCT Inst) scheme has grown significantly. Find out more information about the latest SCT Inst achievements.
All eligible PSPs are encouraged to rapidly join it for the benefit of their customers and to help achieve the broadest coverage as soon as possible!
Want to board the instant payments train? Read more here.