Unlocking Cross-Border Payment Opportunity: Why EPC’s OCT Inst Scheme Matters
By Anuradha Raman, Senior Product Manager - Payment Schemes at European Payments Council Have you wondered why cross border payments lag behind their domestic counterparts? While instant payments have redefined customer expectations within Europe, international payment transactions are still slower, less transparent, expensive and operationally more complex. The European Payments Council’s (EPC) One-Leg Out Instant Credit Transfer (OCT Inst) scheme is a direct response to that imbalance -...
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