Instant Transfers
December 03 2024
Building on the technology and infrastructure of instant transfers, the OCT Inst scheme aims to improve the cost, transparency, and speed of multi-currency international payments, aligning with the goals set by the G20 and promoting a greater range of services.
Iberpay news
November 18 2024
The Spanish banking community has joined the OCT Inst scheme and Iberpay’s service, fully prepared to process instant international cross-currency payments. Iberpay reinforces its commitment to payment innovation supporting Spanish banks in leading cross-border payment advancements.
Iberpay news
May 16 2024
Banco Santander and Iberpay announce that on May 14, their respective payment technology platforms have processed the first international instant transfers based on the One-Leg-Out (OCT Inst scheme), initiated and completed in different currency areas.