Bogdan Avramescu, Sales Manager at Allevo, emphasized during the Finmedia event:
“At European level, the Instant Payments regulation adopted in 2024 establishes clear obligations for banks regarding the adoption of instant payments in EUR, including for institutions in member states whose currency is not EUR, starting in 2027. Instant Payments in EUR are based on the SEPA Instant Credit Transfer scheme, and for settlement, Eurosystem provides the TIPS service, which enables 24/7 fund transfers with real-time settlement through accounts held at the central bank. The adoption of instant payments is not merely a compliance requirement, but an essential step towards a more efficient, secure, and customer-oriented financial system. It represents an opportunity for modernization and differentiation.”
In conclusion, he added: “The future of payments is being built now, and together we can shape this change.”
This highlights how important these meetings and discussions are—bringing together specialists from financial-banking and technology institutions.