“The European Payments Council (EPC) has outlined plans for a new pan-European instant credit transfer scheme, which aims to bring real-time money transfers across the single euro payment area (SEPA) region.
The plan for the instant credit transfer scheme, named SCT Inst, has been submitted by the EPC to and approved by the Euro Retail Payments Board (ERPB), a body chaired by the European Central Bank (ECB). It is expected to be adopted in November 2017.”
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