The SEPA Instant Credit Transfer (SCT Inst) scheme, launched in 2017, enables instant euro transfers across 29 countries, with funds credited in under 10 seconds, available 24/7, and capped at 100,000 euros. Settled via the TIPS system, it handles up to 2,000 transactions per second with near-zero latency. Benefits include speed, security, transparency, economic growth, and support for e-commerce and digital payments. Challenges include fraud checks, infrastructure upgrades, and higher costs for smaller institutions. Aspire supports SCT Inst implementation with expertise in ISO20022 migration, modernization, and regulatory compliance.

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