SEPA

Nordics Remain Real-Time Frontrunners Amid Double-Digit Growth in Payments Volume
Nordics Remain Real-Time Frontrunners Amid Double-Digit Growth in Payments Volume
March 02, 2023  |  Real-Time Payments

Home to some of the most developed and widespread real-time payments schemes, Europe is leading the charge in driving consumer and merchant adoption across the...

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Austria Accelerates Real-Time Pace as EU Pursues Instant Payment Mandate
Austria Accelerates Real-Time Pace as EU Pursues Instant Payment Mandate
February 28, 2023  |  Real-Time Payments

The SEPA Instant Credit Transfer (SCT Inst) continues to gain traction in Europe amid uneven growth across the region. Introduced in November 2017, the intra-European...

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UK Hits Open Banking Milestone Amid Lingering Doubts About API Performance
UK Hits Open Banking Milestone Amid Lingering Doubts About API Performance
February 21, 2023  |  Digital Banking

About 10% of U.K.’s population used open banking services in January. Data from a recent report by Open Banking Limited (OBL) shows that the number...

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Takeaways From the EU’s Instant Payment Mandate
Takeaways From the EU’s Instant Payment Mandate
December 18, 2022  |  Faster Payments

The EU has a lot to consider as it mandates banks to offer instant payments. First introduced in 2017, Single Euro Payments Area (SEPA) instant...

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Nuvei and Holland Casino Partner on Instant Payouts
Nuvei and Holland Casino Partner on Instant Payouts
December 15, 2022  |  Faster Payments

Nuvei and Holland Casino have extended their partnership to enable instant payouts to Dutch players.  The Canadian FinTech company and the Netherlands-based iGaming operator said...

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New EU Instant Payment Rules to Bolster Mainstream Open Banking Adoption
New EU Instant Payment Rules to Bolster Mainstream Open Banking Adoption
October 26, 2022  |  Faster Payments

The European Commission (EC) published a draft proposal on Wednesday (Oct. 26) intended to force banks and payment service providers (PSPs) to offer 24/7 instant...

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What’s the Holdup With SEPA Instant Payments?
What’s the Holdup With SEPA Instant Payments?
June 28, 2022  |  Faster Payments

The Single Euro Payments Area (SEPA) is an EU-led initiative intended to harmonize the way cashless euro payments are made across Europe. Every European Union...

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EU FinTechs, Central Bank of Ireland Take On IBAN Discrimination
EU FinTechs, Central Bank of Ireland Take On IBAN Discrimination
June 28, 2022  |  Digital Banking

The Central Bank of Ireland recently announced that it was writing to all Regulated Financial Service Providers in the country, as well as a range...

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Lackluster Rollout of SEPA Instant Stymies EU Payment System Success, Says Wise Product Chief
Lackluster Rollout of SEPA Instant Stymies EU Payment System Success, Says Wise Product Chief
June 23, 2022  |  emea

In the context of European banking, customers increasingly expect real-time transactions, transparent exchange rates and reasonable transfer fees. In practice, however, the way banks operate...

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