From ACT Wiki
Single Euro Payments Area (SEPA).
SCT Inst is SEPA's Instant Credit Transfer Scheme.
Instant payments for corporates?
- "... in a live proving exercise a [UK] Faster Payment valued in the tens of millions of pounds was sent and received.
- In comparison, SCT Inst has started with a EUR 15,000 limit, and the US Real-time Payments System caps transactions at USD 25,000."
- The Treasurer magazine, April 2018, p23 - In Search of the Tipping Point.