Tagged: sepa

January 26, 2026 @ 5:27 pm By Omar Faridi  |  

The Single Euro Payments Area (SEPA) framework are projected to outpace traditional transfer methods by the end of this decade. This evolution signals a broader move toward faster, more efficient transaction systems, driven by regulatory mandates and technological advancements. According to recent forecasts, these real-time… Read More

January 11, 2026 @ 2:17 am By Tony Zerucha  |  

Yowpay, a technology company specializing in SEPA-based account-to-account payment solutions, is partnering with Akurateco, a white-label payment software provider used by PSPs, enterprise merchants, and banks worldwide. Through this integration, Akurateco’s clients, including payment service providers (PSPs) and enterprise merchants, will gain streamlined access to… Read More

January 15, 2025 @ 8:04 am By Omar Faridi  |  

CaixaBank has exceeded 250,000 instant bill collection transactions for companies via the SEPA Request To Pay system. The bank, which in June 2023 became the first in Europe to be approved to operate with this system, has now “activated the first commercial service created under… Read More

October 17, 2024 @ 11:07 am By JD Alois  |  

Last week, the European Payments Commission (EPC) posted the Verification of Payee (VOP) scheme rulebook following a public consultation. The rulebook is for payment service providers (PSPs) in the Single Euro Payments Area (SEPA). This applies to the EU Instant Payments Regulation (IPR) and the… Read More

March 27, 2024 @ 4:08 pm By JD Alois  |  

At the beginning of 2022, only 11% of all Euro credit transfers in the EU were instant, and the European Commission wants to fix this and make them all instant.  The Single Euro Payments Regulation (SEPA) aims to enable both institutions and consumers to benefit… Read More

January 28, 2024 @ 9:19 pm By Omar Faridi  |  

Account-to-account (A2A) payment infrastructure provider, Token.io, has announced it has become an official participant in the SEPA Payment Account Access (SPAA) scheme: a commercial API initiative that will enable greater innovation and unlock wider adoption of A2A payments in Europe. Through leveraging open banking and… Read More

January 28, 2024 @ 6:51 pm By Omar Faridi  |  

Iliad Solutions, a global enabler of payments testing, is offering support to financial institutions integrating the next SEPA Instant Credit Transfer (SCT Inst) rulebook version scheduled to go live in March 2024. To help organizations make this SCT Inst transition smoothly and keep up-to-date with… Read More

December 4, 2023 @ 11:52 pm By Omar Faridi  |  

Alchemy Pay, the crypto payment solutions provider, has expanded its payment options in the Europe and UK regions. The introduction of the Euro Instant solution SEPA Instant and the UK fast e-money transfer solution Faster Payments enhances its On-Ramp service, “allowing users to swiftly execute… Read More

October 25, 2023 @ 10:00 pm By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces it has partnered with Form3, the cloud-native account-to-account platform, to add FedNow, TCH RTP and SEPA Instant Credit Transfer connectivity to Thought Machine’s payment platform, Vault Payments. This partnership brings together two payment solutions, “offering banks and… Read More

June 22, 2023 @ 9:52 am By Omar Faridi  |  

After obtaining the corresponding approval certificates from the EPC, CaixaBank and Iberpay announce that their respective payment technology platforms are ready “to imminently process, as of June 22, the first SEPA Request-to-Pay in Europe.” In parallel, CaixaBank, which has become the first bank in Europe… Read More

April 22, 2023 @ 11:26 am By Omar Faridi  |  

Revolut, a digital bank that reports over 27 million retail customers worldwide, has announced a successful finalization of “a direct connection to Single Euro Payments Area (SEPA) financial network.” By joining more than 3000 financial institutions including the world’s biggest banks already participating in SEPA,… Read More

September 22, 2022 @ 7:59 am By Omar Faridi  |  

Hamburg Commercial Bank (HCOB) has completed the transformation of its SEPA (Single Euro Payments Area) payments business to a cloud-based, next-gen platform run by  global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR). The transition was “made to Broadridge‘s Payments as a Service and BPO operation… Read More

August 18, 2022 @ 8:07 am By JD Alois  |  

Wirex, a payments and crypto service, has added SEPA (Single Euro Payments Area) Instant and Faster Payments for UK and EEA customers to transfer British Pounds and Euros between their Wirex and bank accounts. Wirex has partnered with digital payment infrastructure provider, Modulr, to introduce… Read More

June 27, 2022 @ 9:21 am By Omar Faridi  |  

Impel and the XDC Network (XinFin) recently announced the launch of Impel, an alternative solutions platform for quickly and securely “sending ISO 20022-compliant financial messages.” It includes the option “to add $XDC as collateral for instant settlement and a bridge to the R3 Corda platform… Read More

June 7, 2022 @ 3:00 am By JD Alois  |  

Dutch Fintech Modulr has launched its real-time Euro payments service, based on the real-time pan European SEPA Instant scheme. The Single Euro Payments Area (SEPA) allows customers to make cashless Euro payments to anywhere in the EU, as well as a number of non-EU countries… Read More

May 13, 2022 @ 3:44 pm By Omar Faridi  |  

TrustPay, a European provider of acquiring services and online payments solutions, has reportedly introduced Single Euro Payments Area (Sepa) instant payments – Euro transactions processed within a few seconds, regardless of time and day of the week it may be. The launch should  offer TrustPay’s… Read More

September 25, 2021 @ 10:59 am By Omar Faridi  |  

Fintech firm Modulr has now opened business offices in the Netherlands, which will serve as “the springboard for its EU-wide expansion in 2022 and 2023.” Following steady business growth in the United Kingdom during the last 5 years, Modulr is expanding rapidly, putting significant investment… Read More

September 19, 2021 @ 5:07 pm By Omar Faridi  |  

European online lender October explains that they aim to effectively connect borrowers and lenders. Lenders are able to invest their savings “usefully” and “profitably” in order to facilitate the funding of the “real economy” while companies or businesses “find new, simple and effective sources of… Read More

March 10, 2021 @ 11:01 pm By Omar Faridi  |  

Open Banking payments platform, Token, and BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), have introduced an online payments service which aims to leverage the power… Read More

June 8, 2020 @ 9:30 pm By Omar Faridi  |  

Financial service providers and regulators are increasingly focusing on enabling and supporting instant payments, according to Juniper Research. The researchers note that the EU’s Single Euro Payments Area (SEPA) has “brought down settlement times significantly,” with the SEPA Instant Credit Transfer Scheme helping to reduce… Read More