From now on, instant payments will be available to its bank, payment and electronic money institution clients

Major French bank launches instant payments for financial institutions. Source: shutterstock.com

Societe Generale provides its bank, payment and electronic money institution clients with a dedicated offering, targeting financial institutions without instant payment availability. The bank has developed an API that allows integrating directly into each client’s banking processes and information systems.

This way, they can offer their end-users instant payment, both in transmission and reception, denominated in euro within the Single Euro Payments Area (SEPA) zone, 24/7/365.

The launch of the instant payment feature will allow users to build on Societe Generale’s expertise, whose infrastructures will process each payment in less than 10 seconds.

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