Apr 08, 2019
April 8, 2019
J.P. Morgan is advancing its real-time payments offering by launching SEPA Instant in Europe. With this latest offering we continue on our mission to drive efficiency and add critical value to our clients’ business. This latest offering rounds out J.P. Morgan real-time payment capabilities in USD, GBP and EUR, something no other bank currently offers.
“Adding SEPA Instant is another step towards offering real-time payments around the globe,” stated Sungmahn Seo, Managing Director, Head of EMEA Payments & FX for J.P. Morgan Treasury Services. “SEPA Instant will allow our clients the ability to make/receive a payment within seconds, for credit transfers in EUR up to 15,000, with 24/7 availability and a Pan-European reach. Furthermore, we offer a single global API for our clients to connect with us for multiple real-time payment systems.”
As we roll out SEPA Instant and other real-time payments schemes across the globe, our clients benefit from:
“Since we launched Real-time Payments in the US about a year ago, we are approaching one million transactions per month,” stated Art Brieske, Managing Director, Head of Faster Payments for J.P. Morgan Treasury Services. “As we create new opportunities and efficiencies for our clients via SEPA Instant and other real-time payment schemes we expect the take-up for real- time payments will grow exponentially.”
As a leader in the industry, J.P. Morgan continues to collaborate with various businesses and our clients to drive the entire industry towards real-time.
The world of always-on, contextual commerce includes an emerging need for faster payments. Learn more about Real-Time Payments.Read more Real-Time Payment
J.P. Morgan is a full-service provider of cash management solutions specifically developed to meet the challenges treasury professionals face today.Explore about Treasury & Trade Services
Emerging technologies, such as blockchain, API, machine learning, are transforming treasury services. In the following video series, J.P. Morgan innovation leaders demystify these technologies.Read more about Global Research
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