Europe’s journey towards real-time payments has some way to go. The Council of the EU adopted its Instant Payments Regulation in February, but a new survey by payments modernization provider RedCompass Labs suggests that the EU Sepa instant deadline of January 9, 2025, is unrealistic.
The firm surveyed 200 senior payment professionals at European banks and found that 58% of those without an instant-payment offering believed the deadline was unrealistic, with one third unsure they would be able to receive instant payments by that date.
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