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November 22, 2017

UniCredit goes live with instant payments in Italy and Germany

Italian bank UniCredit has launched cross-border instant payments solution in Italy and Germany immediately after European instant payments infrastructure went live.

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With this launch, UniCredit has become the first bank to offer real-time payments in Germany and the first to use the format for a cross-border payment.

Currently, the European Payments Council (EPC) has put a limit of €15,000 per transaction.

Gianfranco Bisagni, global co-head of CIB at UniCredit, said: “After a very focused development and implementation process, the official launch today is a proud moment for us.

“We have always aimed to lead the way on developing instant payments solution for our clients and we are excited about the benefits this new service will bring to our clients – promoting speed and transparency through 24-hour, 365-days-a-year coverage and real-time notifications of successful payments.”

UniCredit said that after one week of live operation in the European instant payments infrastructure, outbound payment execution will be available in Germany starting from 27 November 2017, while outbound payment execution in Italy will be available from 22 February 2018.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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