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Have you ever needed to send money to someone urgently? 💸

Our new proposal aims to make payments in euros instant for anyone with a bank account in any EU or EEA country, at no extra cost compared to a regular money transfer.

The switch from "next day transfers" to "transfers in ten seconds" is comparable to the switch from mail to email.

More info: https://ec.europa.eu/instant-payments

#SEPA #DigitalFinanceEU #MyMoneyEU #DigitalEU

Koutsie :unverified:

@EU_Commission my honest reaction that information; https://invidious.snopyta.org/watch?v=6gB3n5adHZ8

this is awesome but please fix your website !

Santiago Lema

@EU_Commission @doener Sounds a lot like the Brazilian PIX system

Steve Traylen

@EU_Commission transfers are all ready done in minutes , what's newer than SEPA here?

Anyway good post.

Bindestrich

@EU_Commission without a blockchain? impossible!

@EU_Commission we are so behind the times, by Zeus...

sbug :verified:

@EU_Commission in Sweden we can use swish but it only works between swedes, but it great

Enock saiboki

@EU_Commission how did EU commission came in?

Markus Tacker 💙💛🇳🇴

@EU_Commission It's weird that this works in parts of Europe already (Norway, Sweden, Denmark, for example).

@EU_Commission in France most (if not all) already have this service, but it is often not free and limited to national transfers.
(Yes it varies depending on the bank, I know)

It is time to finally have this available for free for all transfers, at every bank ! Great 👍🏻

schoo666

@EU_Commission I'm using Revolut and I have instant transfers there for quite a while. Transfer to my Slovenian bank, blink, couple of seconds and it's there. That's sweet. Doesn't go the other way around, though :(

Nikolaj

@EU_Commission Yes, please. And not just for the Eurozone, but for all of us.
#CrossBorderCommuter

crisl_at

@EU_Commission Revolut does it for free, both private and business account. Erste Bank in Austria charges a whopping 7€ fee for business account. It’s free on private accounts.

grob

@EU_Commission
Tomorrow at EUHQ: new rule, every post needs to include a meme.
In a year: taskforce on meme efficacy and why red font does not work as well as white font for 17 million € a year.

@EU_Commission what about anti money laundering and anti terrorism funding concerns?

gigatexal

@EU_Commission @Ambajorat this is so cool! I still hate that it takes so long in the US to send payments to folks. Or you need to use apps for it. I’d rather it be at the bank level and fast.