The definitive source of global instant payments intelligence

Bank, News, Scheme

Sweden’s Central Bank to join ECB’s TIPS system

Sweden’s central bank has said it plans to bring 24/7 real-time payments to the country by 2021 by joining the ECB’s Target Instant Payment Settlement system. TIPS, which launched last year is available to consumers and businesses in the eurozone and offers near real-time payments. TIPS was created in order to help banks with the […]

Bank, News

First PSD2 deadline met by 1700 banks

Over 1700 banks cooperating in the NextGenPSD2 Implementation Support Programme (NISP) managed to provide a sandbox testing environment for TPPs on the first major regulatory deadline.

Bank, News

Six Spanish banks adopt SWIFT gpi for cross-border payments

SWIFT has announced that six Spanish banks have now adopted its SWIFT gpi. These banks include, Banco Sabadell, Banco Santander, Bankinter, BBVA, Caixabank and Grupo Cooperative Cajamar, which account for 85% of Spain’s cross-border payments. SWIFT gpi enables fast cross-border payments service with real-time tracking and complete transparency on charges and interest rates, and more […]

Bank, News

Societe Generale launches SWIFT gpi in 9 new countries

Societe Generale has extended coverage of SWIFT gpi to nine new countries in Western Europe and Asia, enabling its corporate clients to track and manager cross-border payments more efficiently. SWIFT gpi has been launched in Germany, Belgium, Spain, Italy, Netherlands, United Kingdom and Switzerland in Europe, as well as Hong Kong and Singapore in Asia. […]

Bank, News

Cross-Border Payment Pilot Test Using Next Generation Technology

Mitsubishi Corporation MC, MUFG Bank Ltd. (MUFG Bank), Bank of Ayudhya PCL, a Thailand-based subsidiary of MUFG Bank and Standard Chartered Bank, today jointly announced the commencement of a pilot test for moving real funds over RippleNet, with the objective of making cross-border payments more convenient and further improving the capital efficiency of corporate groups. […]

Bank, News, Partnership, Technology

ABN Amro selects SIA to cope with instant payments growth

SIA is providing instant payment connectivity to ABN Amro, one of the largest banks in the Netherlands, linking it to EBA Clearing’s pan-European RT1 clearing and settlement (CSM) platform. The network infrastructure SIAnet is intended to meet the requirements of instant payments in terms of security, reliability, ease of integration with any application environment and […]