The outlook for instant payments in Europe

The European Parliament has now unveiled regulations mandating SEPA Instant Payments compliance for banks. Simultaneously, the European Payments Council plans to implement a “confirmation of payee” service to combat fraud, intensifying the push for payment modernisation in Europe.

Instant payments offer diverse applications, from integrating payables seamlessly to enhancing banks’ products with overlay services. But to deliver these innovations, banks must establish unified connections with real-time networks.

This paper, by Lipis Advisors and Volante Technologies, addresses crucial topics for bank preparation. It covers mandate details and market readiness, and includes a preview of the upcoming PSD3 directive.

Download the paper for insights into the implications and opportunities for banks in the evolving European payments landscape.