SEPA Instant Credit Transfer
28 April 21
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Bulgarian payment services company BORICA AD launched BLINK, its local-currency (lev) instant payments project, at the beginning of this month. The project is comp
31 October 23
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The payments sector in Romania has been very dynamic in recent years. Since its launch in 2019, the Romanian domestic instant payment system has seen a sharp rise in u
28 November 23
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 outsi
16 March 22
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Since January 2022, the SEPA Instant Credit Transfer (SCT Inst) scheme has been in use in Slovakia, where three payment service providers (PSPs) have joined the scheme
26 January 21
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Since November 2020, the SEPA Instant Credit Transfer (SCT Inst) scheme has been in use in Slovenia, where six payment service providers (PSPs) have joined the scheme
16 November 22
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. On 26 October the European Commission (EC) adopted a legislative proposal on instant payments in euro, fulfilling its commitment of the 2020 Retail Payments Strategy f
26 March 24
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