TrustPay launches SEPA Instant Payments

TrustPay, a European provider acquiring services and online payments solutions, has launched Single Euro Payments Area (Sepa) instant payments – Euro transactions processed in seconds, regardless of time and day of the week.

The launch will provide TrustPay’s clients with the ability to pay and receive payments from SEPA countries instantly, within seconds, 24/7, and funds are available to recipients immediately.

TrustPay CEO David Rintel: “Instant Payments now make up nearly 12% of all SEPA payments and we believe they are the future of EU payments. All eligible inbound payments to EU were accepted last week. IBANIZE accounts are processed immediately, without any additional cost. The next major challenge is to build a low cost, seamless e-commerce product utilizing the instant payment rails.”

Instant Payments have never been more relevant due to the growth of ecommerce. With a frictionless, real-time payment tool, the new solution provides greater flexibility and choice.

Karin Milková, Commercial Director, TrustPay, commented: “Launch of SEPA Instant Payments is yet another great milestone for our company. We continue to support and improve the current trends with this latest offering. Our clients will now be able to make instant transactions with the immediate settlement of funds, which makes business more effective in today’s fast world.”

SEPA Instant is the first step towards offering additional products that are related to TrustPay’s real-time payments.

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