Santander and Iberpay pioneer cross-border instant transfers
Santander and Iberpay have exchanged the first international instant transfers based on the OCT Inst system, as recommended by the European Payments Council. As the first European bank to join the program, Santander is now able to offer instant cross-border payments that comply with European standards. After two years of consultation and debate, the system should make it possible to meet the political expectations expressed by several international organizations concerning cross-border payments.
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