2026.04.03
Instant SEPA payments
EUROPE BUILDS ITS OWN PAYMENT RAIL – SEPA Request to Pay scheme For decades, businesses across Europe have had no real alternative to Visa and Mastercard at the point of payment. Every card transaction carries a fee of 1.5–3% routed through non-European networks – a cost that merchants absorb, consumers ultimately pay, and that flows out of the European economy entirely. SRTP (SEPA Request to Pay) is European alternative for traditional card schemes. It should work like this: you send a payment request directly to your customer’s banking app – with the amount, due date, and terms attached. They tap confirm. Money arrives instantly. No card networks. No intermediary fees. No card data. Settlement happens directly between banks, over the same SEPA infrastructure that already underpins every euro transfer in Europe. It is a scheme developed and standardised by the European Payments Council, built on top of SEPA – the same infrastructure that processes trillions of euros annually across 36 countries. The EPC SRTP Scheme Rulebook V4.0 entered into force on 5 October 2025. Where SRTP can it be applied? ...
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