The Regulation on instant payments: a revolution in transfers within the European Union
The Instant Payments Regulation (IPR), adopted in 2024, initiates a major transformation of bank transfers in Europe. By 9 January 2025, euro area payment service providers will have to receive and process instant transfers in less than 10 seconds, with costs aligned with those of conventional transfers. This milestone marks a key step towards a faster, secure and competitive payment ecosystem, strengthening European sovereignty in the face of international solutions.
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