The names of the first payment service providers ready for SCT Inst ar...

The names of the first payment service providers ready for SCT Inst are revealed

11 September 17

Share This

The published the list of the first payment service providers ( ) that have announced their readiness for the Instant Credit Transfer ( ) scheme on 21 November.

134 from four countries (Austria, Estonia, Latvia and Spain) have already adhered to this new scheme, which will make possible to move up to 15,000 euros from one account to the other in maximum ten seconds.

For example, major Spanish banks like BBVA, Caixabank, Sabadell and Santander are registered to send and receive transactions. A banking group from Austria, namely Erste Bank, has also adhered to the scheme, but only to receive transactions, at least in the early days of the scheme.

The list is publicly available in the Register of Participants.

In total, we expect over 600 from six countries (on top of those already mentioned, Finland and Italy) to propose services to their customers from 21 November onwards.

The complete list of ready for in November will be updated mid-October, once the receives the information from these .

Your reactions

If you would like to comment on this article, please identify yourself with your first and last name. Your name will appear next to your comment. Email addresses will not be published. Please note that by accessing or contributing to the discussion you agree to abide by the EPC website conditions of use.