Payments going real-time in Finland : instant payments

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Title: Payments going real-time in Finland : instant payments
Organization: Bank of Finland
Year of publication: 2019
Publication date: 12.6.2019
Published in: Payments Council Working Group
Pages: 33
Subject (yso): maksut; maksutavat; reaaliaikaisuus
Keywords: Suomi; maksaminen; pikamaksaminen
Abstract: 1 Summary 4 2 Background 6 3 Concepts and legislation on instant payments 7 4 Payments going real-time in the world and in Finland 9 5 Areas of use for instant payments 14 6 Challenges to introduction 16 7 Recommendations for action 20 Appendix 1. Description of current situation of instant payments in Finland 1 SEPA Instant Credit Transfer 21 2 Domestic 23 3 Nordic countries 24 Appendix 2. Examples of areas of use 26

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