Slovenian payments firm Bankart has secured approval from the country’s central bank to deploy Nets’ instant payments platform.

Bankart will go live with the solution from next month. With Nets’ solution, bank transactions between banks can be cleared in less than a second.

Bankart managing director Aleksander Kurtevski said: “We will deliver a future proof solution developed for a whole new eco-system that opens up for innovative services.

“This will ensure that the Slovenian community will get access to services with great user experience, and at the same time keep payments cost effective. Instant payments are an evolution and the future of payments, and Bankart is proud to deliver this in cooperation with Nets to the Slovenian market.”

At the same time, Bankart will process regular credit transfers over the new platform. These include bill payments, salary payouts, as well as pensions.

Nets senior vice president in Payments International Paul Francis Walvik-Joynt said: “The experiences from our current deployments have given us an excellent product in RealTime24/7, with an open architecture permitting easy customer delivery of services in a trusted environment to benefit the users.

“The final preparations and impending go-live of Slovenian solution proves that implementation of instant payment solutions will continue to spread across the Nordics, Europe and globally.”