SEPA Instant Credit Transfer: Where are we now and where are we heading?

Javier Santamaría
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Javier Santamaría: Chair, European Payments Council, Belgium

Journal of Payments Strategy & Systems, 2020, vol. 14, issue 2, 102-105

Abstract: Launched by the European Payments Council in November 2017, the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) is an instant payments scheme enabling euro credit transfers within the SEPA area to be made in under 10 seconds. SCT Inst was designed for everyone: consumers, businesses, large companies and administrations. It works like a regular SEPA credit transfer but much, much faster; it is also open and accessible to users and service providers 24 hours a day, seven days a week. This paper reviews the progress of SCT Inst since its launch, its critical success factors, challenges and what the future holds for it.

Keywords: SEPA Instant Credit Transfer; pan-European; European Payments Council; SCT Inst; Euro credit transfers (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2020:v:14:i:2:p:102-105

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