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Foreign news: 'Blueprint' for Eurozone real-time payments

The European Payments Council is pushing ahead with plans for a pan-European instant credit transfer scheme, launching a public consultation on the details of a "blueprint" that will bring real-time money transfers across the Single Euro Payments Area, reports online news service Finextra. Set to launch in late 2017, the proposed Sepa Instant Credit Transfer scheme promises to allow people to transfer up to €15,000 within ten seconds, at any time and across borders between accounts in any of the 34 Sepa countries.

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