The EPC has released an informational video on the One-Leg Out Instant Credit Transfer (OCT Inst) scheme and its role in improving international payments.
The One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme is the newest EPC payment scheme dedicated to international instant credit transfers. It covers the set of rules, practices and standards to achieve interoperability for the provision and operation of the Euro Leg of an international instant credit transfer agreed at inter-payment service provider (PSP) level within SEPA.
The video highlights how the OCT Inst scheme enables Payment Service providers (PSPs) in Europe to offer faster, more transparent and traceable international credit transfers, as the scheme is based on the ISO20022 standard and is aligned with international payment standards and practices. With the OCT Inst scheme, the PSPs can meet the G20 targets for improving international payments by 2027.
▶️ Watch the video and learn how the OCT Inst scheme helps shaping the future of international payments
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
