Iberpay News
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 ready to process instant cross-border payments
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.
Instant Transfers
September 25 2024
The importance of Payment Systems in a modern and digital economy
The process of digitalization and technological advances are transforming payment systems worldwide. Payment systems are essential to the modern economy and have become strategic infrastructures for the financial sovereignty of countries.
Instant Transfers
February 08 2024
European Regulation on Instant Credit Transfers
The Regulation on Instant Credit Transfers aims to enable Europe to exploit the full potential of instant payments (SCT Inst) and is an important development that will transform the way we make our payments.
Instant Transfers
February 05 2024
The great potential of instant credit transfers
The new European Regulation on Instant credit transfers aims to generalise their use among citizens, companies and public administrations, exploiting all the potential to achieve their strategic objectives.
Instant Transfers
January 24 2024
Instant credit transfers for a modern, digital and efficient economy
The new era of instant credit transfers between accounts opens an unprecedented window of opportunities with the potential to boost the European economy, making it more efficient, digitalised and innovative.
Iberpay news
January 16 2024
Instant Credit Transfers grow by 22.8% in 2023 in Spain
In 2023, a record number of 1,011 million instant credit transfers were processed in Spain, with a growth of 22.8% compared to 2022. The new European Regulation on instant credit transfers is expected to boost their use among citizens and companies throughout Europe.
Iberpay news
July 12 2023
First international instant payments pilot, led by Iberpay and Swift, successfully concludes
Spanish banks CaixaBank, Banco Santander and BBVA have processed international instant payments with banks in Australia, New Zealand, Brazil and the United Kingdom. This pilot anticipates the entry into force of the EPC’s new OCT Inst scheme in November.
Iberpay news
June 07 2023
Andorran banks join Iberpay’s instant payments service
The three main Andorran banks, Crèdit Andorrà, MoraBanc and Andbank, have joined the payment system managed by Iberpay. Iberpay provides the interbank rails necessary to process any payment service based on SEPA Instant Credit Transfer scheme (SCT Inst) throughout all the SEPA area.
Iberpay news
February 01 2023
Instant credit trasnders grow by 44% in Spain
In 2022, a record number of 823 million instant credit transfers were processed in Spain, with a growth of 44% compared to 2021. 49% of all credit transfers processed in the payment system managed by Iberpay are instant credit transfers.
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