As new European Union (EU) legislation move towards requiring banks to offer instant payments in euros, payment service providers need to be positioned for increases in mandated transactional volumes and expanding use cases. The timelines to meet this requirement are aggressive requiring Payment Service Providers to be ready to receive euro IP’s within six months of the legislation passing, and within one year for sending instant payments.
In this webinar, our panelists from JP Morgan, Mastercard, Swift, and Volante share insights into the enablement priorities, system modernization requirements, and new opportunities that a full shift to instant payments in euros will bring.
• An overview of the EU rules and requirements
• Key considerations to modernising business and operating models
• Opportunities for financial institutions to capitalise on the mandate
• The benefits of a cloud instant payments solution