Instant payments

A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

What in an instant payment?

The real time payment, also called instant payment, is a transfer of money from one account to another that is done almost instantaneously (about 10 seconds). It is a real technological revolution in the sense that before its implementation, it was sometimes necessary to wait several days before seeing a classic SEPA transfer appear.

What are the characteristics of the instant transfer?

  • Payment in euros

  • Maximum amount of the transaction 15,000 €

  • Execution time +/- 10 seconds

  • Immediate credit

  • Irrevocable

  • Available 24/7/365

  • Independent of interbank clearing and settlement mechanisms

What are the challenges of this new payment method?

Instant payment represents a major challenge for European authorities who want to make commercial exchanges more fluid and support the growth of transactions between Member States. This new means of payment, an alternative to cards and checks, is a technological revolution that contributes to the improvement of payment systems, costs and the user experience. It also represents an opportunity for merchants to reduce transaction risks (payment guarantee, reduced management costs, cash flow gains) and for payment service providers to develop new products and services for consumers and businesses.

Discover

Our Transaction Banking Solutions

Our latest news and insights

Cross-Border Instant Payments: Banks Facing Liquidity and Fraud Management Challenges
In a world where payments are becoming increasingly rapid and interconnected, banks must adapt to meet the challenges of...
Expert views
In a world where payments are becoming increasingly rapid and interconnected, banks must adapt to meet the challenges of improving existing systems and responding to the growing expectations of end customers by offering an optimal user experience.
Cross-Border Instant Payments: Banks Facing Liquidity and Fraud Management Challenges
Morocco: tackling severe water scarcity with innovative solutions
Morocco has initiated an ambitious seawater desalination strategy aimed at producing over 1.7 billion cubic meters of...
Clients' successes
Morocco has initiated an ambitious seawater desalination strategy aimed at producing over 1.7 billion cubic meters of fresh waterby 2030*. The Casablanca-Settat Desalination Project, set to be the largest plant of its kind in Africa, will play a crucial role in achieving this goal. Societe Generale participated in the structuring and the financing of this new...
Morocco: tackling severe water scarcity with innovative solutions
Securing the Future of Water Supply with the Haweswater Aqueduct Resilience Programme (HARP)
The Haweswater Aqueduct, owned and operated by United Utilities, is the UK’s largest potable water pipeline, supplying...
News & Insights
The Haweswater Aqueduct, owned and operated by United Utilities, is the UK’s largest potable water pipeline, supplying up to 570 million litres of treated water daily to 2.5 million residents in Greater Manchester, Cumbria, and Lancashire.
Securing the Future of Water Supply with the Haweswater Aqueduct Resilience Programme (HARP)
More results google link