The European Payments Council unveiled a pretty cool infographic today highlighting the “Top 10 Benefits of the SEPA Instant Credit Transfer scheme”. Below is the SEPA Instant Payments infographic, but i wanted to quickly summarise the key benefits:
- Payments completed in less than 10 seconds
- SEPA Instant Payments available 24-7-365
- Maximum value of €15,000, to be reviewed annually
- Real time payments across the Euro countries – enabling instant national and cross-border Euro payments
- A digital payment method
- Improve cash-flow by making funds available instantly and 24-7-365
- A convenient way to pay
- Further enables payment harmonisation across the euro-zone
- A instant euro-zone payment method that is secure and complies with data protection, anti-fraud, anti-money laundering and sanctions legislations
- Built upon the SEPA Credit Transfer scheme making it easier for payment service providers to implement