UniCredit and EBA Clearing have announced that UniCredit has started testing with RT1, EBA Clearing’s pan-European, real-time payments platform. This test phase is a key milestone for UniCredit in its preparations to roll out euro instant payment products to its customer base across Europe.
UniCredit is one of the first banks preparing to make real-time payments available to customers in the Single Euro Payments Area (SEPA) on the launch date of the European Payments Council’s SEPA Instant Credit Transfer (“SCT Inst”) Scheme. The bank’s customers in Italy and Germany will be the first to use this new payment method, starting from November 2017 onwards.
UniCredit is among the 39 funding institutions enabling the development of the new EBA Clearing infrastructure, which will provide a pan-European, real-time payment processing engine working 24 hours a day, every day of the year.
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