As of today, „the maximum amount per SEPA Instant Credit Transfer (SCT Inst) transaction went up from 15,000 to 100,000 euros,” according to European Payments Council. Payment end-users can use the SCT Inst scheme in higher-value business-to-business and business-to-consumer transactions.
This new transaction limit means additional freedom for payment end-users to pay and be paid in an instant, for example, for a large delivery or high-value service provided, make immediate payments to companies, public administrations and individuals or quickly correct a late payment.
For more information, please check European Payments Council latest video on the new maximum amount:
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:
