SEPA instant payment framework is live in the European Union, requiring financial institutions to be capable of receiving instant payments.
SEPA instant payments settle in fewer than 10 seconds, 24/7, across participating countries, presenting challenges for businesses in cash flow, risk management, and compliance.
SEPA instant payments offer benefits to B2B companies, including improved liquidity management and reduced friction for European firms operating within the single market.
Banks and payment service providers need advanced technologies like AI and machine learning for real-time fraud detection and AML checks.