Instant payments changed the scene in SEPA. They offered a faster way of paying and getting paid. Allied with Open Banking, many argued that instant payments could compete with cards and even increase European independence in the payments sector, but we are yet to fulfil that vision.
In this webinar, OBE went into depth on the relationship between Instant Payments and Open Banking. We will discuss real-world applications and benefits of instant payments and what is holding them back from an Open Banking perspective.
We also looked to the future. With the announcement of an instant payment regulation in the latter half of 2022 and the constant developments in the Open Banking ecosystem – what can be expected?