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”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
