Iberpay News

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 opens its Account Ownership Confirmation Service to bank clients

Companies, public administrations and individuals may now acces, via their banks, to the Iberpay’s Account Ownership Confirmation Service.Banks have a new business opportunity, especially relevant for companies and public administrations.

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 and CaixaBank launch Request to Pay in Europe

Iberpay is the first CSM (Clearing & Settlement Mechanism) in Europe to obtain the approval certificate from the European Payment Council (EPC) to process operation based on the SEPA Request-to-Pay scheme to its entities.

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.

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.

The Spanish Payment System incorporates the first Andorran bank

Iberpay publishes a report on digital euro tests carried out by the Spanish financial sector

Iberpay and the 16 main Spanish banks have successfully concluded a sectoral proof of concept called Smart Money, focused on the experimentation of the practical technical aspects and the different design options of a digital euro.

EBA CLEARING and IBERPAY launch interoperable SEPA Request-to-Pay services

EBA CLEARING and IBERPAY announced today that they have delivered two interoperable services to process messages and provide functionalities complying with the new SEPA Request-to-Pay Scheme (SRTP) created by the European Payments Council (EPC).