This latest offering rounds out J.P. Morgan real-time payment capabilities in USD, GBP and EUR, „something no other bank currently offers.”, according to the press release.
“Adding SEPA Instant is another step towards offering real-time payments around the globe,” stated, Sungmahn Seo, Managing Director, Head of EMEA Payments & FX for J.P. Morgan Treasury Services. “SEPA Instant will allow our clients the ability to make/receive a payment within seconds, for credit transfers in EUR up to 15,000, with 24/7 availability and a Pan-European reach. Furthermore, we offer a single global API for our clients to connect with us for multiple real-time payment systems.”
As it touts its leadership in the area, the bank says that clients benefit from immediate payment finality, easier reconciliation, better budgeting and improved liquidity management.
“Since we launched Real-time Payments in the US about a year ago, we are approaching one million transactions per month,” stated Art Brieske, Managing Director, Head of Faster Payments for J.P. Morgan Treasury Services. “As we create new opportunities and efficiencies for our clients via SEPA Instant and other real-time payment schemes we expect the take-up for real- time payments will grow exponentially.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
