Outlook for instant payments in Europe

The European Parliament has recently announced new rules for the legislation of mandatory SEPA Instant Payments which banks will have to adhere to in the coming months. In addition to this initiative, the European Payments Council will introduce the “confirmation of payee” service to combat payments fraud. Together, these measures are propelling the demand for payments modernization throughout Europe.

There are numerous use cases for instant payments, encompassing the seamless integration of payables and the overlay services that enhance the banks’ products and services. However, to provide these services and innovate new customer interactions, banks must establish seamless connections with real-time networks. This paper, presented by Lipis Advisors and Volante Technologies, delves into key topics to help banks prepare, including:

• Mandate overview: What are the proposed requirements and implications for banks?

• Market readiness:  Explore the varying levels of preparedness and the steps to comply

• Upcoming PSD3: Get a sneak peek into the upcoming directive

Download a free copy of the paper to learn about the implications for banks and examine the unique opportunities across the varied European landscape.