SCT Inst: the story so far
European payments
L
aunched by the European Payments
and is open and accessible to users and
An open-ended list of SCT Inst use cases from online stores; and insurance claims
Current status of SCT Inst
issue has been reported.
Instant payments are the closest substitute person-to-person and person-to-business are the most expensive means of payment at the level of the entire economy.
• electronic transfer of money across Europe in less than 10 seconds;
• and holidays;
•
• entities all use the SCT Inst scheme.
security are the most crucial factors in the to be superior to those they already use. A seamless and user-friendly experience is help European PSPs respond to their
features already implemented include a SCT Inst transaction recently increased to scheduled for a November 2020 release.
SCT Inst is open to users and service providers 24/7
The EPC remains at the forefront of enhance the competitiveness of the European economy. These achievements
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