The Rise of Instant Payments: How to address challenges and opportunities in the Eurozone

Organized on 23 May 2023 / 09:00 AM PDT / 12:00 PM EDT / 06:00 PM CET

Cristina Nita

10 May 2023 / 5 Min Read

The European Commission proposed legislation to make instant payments in euro available, affordable and secure for all citizens and businesses holding a bank account in the EU and in EEA countries. When this legislation will be approved banks need to be ready to receive Instant Payments six months after the legislation is passed and be able to send Instant Payments a year after ratification.

Experts will discuss the specific space of SCT Inst, but also challenges and opportunities presented by the advent of instant payments as well as the necessary steps to navigate this transformative shift in the payments landscape. Furthermore, we will discuss the recently launched 1.0 version of the One-leg out Instant Credit scheme (OCT inst).

Agenda

What is the current footprint instant payments' impact in Europe?
What are the benefits of adoption of SCTInst (e.g talking about SCT being the backbone of A2A payment innovation, e.g. initiatives such as SPAA and EPI, being able to offer OCT Inst)
How will mandatory adoption of SCTinst impact banks?
What should banks prepare for regarding their payment systems (stack)?
What are the challenges associated with SCTinst implementation?
Can SCT and SCTinst coexist, and should they?
Is their infrastructure capable of handling 24/7 operations on all fronts?

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