Iberpay News
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.
Instant Transfers
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.
Instant Transfers
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.
Instant Transfers
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.
Instant Transfers
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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