TrustPay launches SEPA Instant Payments

TrustPay, a European provider of acquiring services and online payments solutions, has launched Single Euro Payments Area (Sepa) instant payments – Euro transactions processed in seconds, regardless of time and day of the week.

The launch will provide TrustPay’s clients with the ability to pay and receive payments from SEPA countries instantly, within seconds, 24/7, and funds are available to recipients immediately.

David Rintel, CEO, TrustPay, says: “Instant Payments now make up nearly 12% of all SEPA payments and we believe they are the future of EU payments. As of last week, all eligible inbound payments into IBANIZE accounts are processed instantly, at no extra cost. The next major challenge is to build a low cost, seamless e-commerce product utilising the instant payment rails.”

The continued growth of the e-commerce business makes Instant Payments more relevant than ever. The new solution offers greater choice and flexibility with a frictionless and real-time payment instrument.

Karin Milková, Commercial Director, TrustPay, commented: “Launch of SEPA Instant Payments is yet another great milestone for our company. With this latest offering, we continue our mission to drive efficiency and support the latest trends. Our clients will now be able to make instant transactions with the immediate settlement of funds, which makes business more effective in today’s fast world.”

Adding SEPA Instant is the first step toward offering more products related to real-time payments by TrustPay.