European Commission on Nostr: Waiting days for a bank transfer is a thing of the past. With the Instant Payments ...

Waiting days for a bank transfer is a thing of the past.

With the Instant Payments Regulation now in force, all banks in the EU must process Euro transfers within 10 seconds, at no extra cost, 24/7. Banks based in non-euro countries have until 2027 to comply.

We have also mandated a ‘Verification of Payee’ system to help stop fraudsters from getting your money.

Your bank transfers, now instant.

Here's how we’re transforming the EU payment market ➡️ https://link.europa.eu/jkGyTh