Consumers expect ever easier and faster services. The SEPA Instant Credit Transfer scheme delivers these by enabling pan-European credit transfers with the funds made available on the account in less than ten seconds.

With the spread of smartphones and electronic commerce, the digitalisation of the economy entails a general acceleration of payments. Customers make internet purchases anywhere and at any time, including during evening hours, weekends and holidays – periods when most traditional electronic payments are not operational. Suppliers, on the other hand, want the certainty of being paid as soon as they sell their goods and services. The SEPA Instant Credit Transfer scheme fulfils these expectations.