BPCE, a major French cooperative banking group (which includes the Banque Populaire and Caisse d’Epargne networks), is the very first payment service provider (PSP) in France to adhere to the SEPA Instant Credit Transfer (SCT Inst) scheme.
Most BPCE banks will be ready to propose SCT Inst-based services in April 2018.
This is an exciting news for this EPC scheme launched in November 2017 and which enables the transfer of up to 15,000 euros in less than ten seconds, in a geographical area that will progressively span over 34 European countries.
The threshold of 1,000 PSPs registered for SCT Inst has now been passed. This represents twenty-five percent of all European PSPs. The 1,046 PSPs are located in twelve European countries:
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Austria
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Belgium
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Bulgaria
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Estonia
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France
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Germany
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Italy
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Latvia
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Lithuania
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Malta
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the Netherlands
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and Spain
Most of them already propose SEPA instant credit transfers to their customers. The PSPs already registered for SCT Inst but for a later readiness date are Belgian, German and Lithuanian, on top of the French ones.
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