39 countries in EMEA are now live with real-time payments with the addition of Hungary. Pay.UK piloted its request-to-pay (R2P) service and new overlay services emerge on SCT Inst, including R2P, account aliases, real time at point of sale (POS) and corporate payment capabilities.
P27 Nordic Payments Platform is set to become the first real-time, multicurrency, cross-border payment service across Denmark, Finland and Sweden when it launches in 2021 with open-API capability and planned overlay services. Read our exclusive interview with P27 leadership in this year’s report.
The UK had the most total daily transactions in EMEA, at seven million per day.
With more than 51 real-time transactions per year per citizen, Sweden had the highest number of transactions, with the UK ranked second.
56 percent of European PSPs have joined SCT Inst subscription service since July 2020.