The rapidly evolving European payments landscape is being further shaped by technological advancements, regulatory changes and the demand for faster, more secure and cost-effective payment solutions.
As one of the foremost cash management banks in the world, BNP Paribas is the top provider of transaction banking solutions in the EMEA region. Ireland, as a preferred location for corporate treasury, is key in delivering such solutions to our global clients.
Reflecting Ireland’s position as a key entry point for global inward investment into Europe, BNP Paribas continues to invest and enhance its capabilities in cash management, payments and liquidity allowing the bank to meet the evolving, complex and demanding expectations of its clients.
To that end, BNP Paribas has launched SEPA Instant Payments in Ireland (live since 26 March 2024) to further enhance its Euro payments offering.
SEPA Instant features:
- Payments processed and on the beneficiary account in less than 10 seconds;
- Continuous settlement without interruption. No cut off times, available 24/7;
- €100,000 amount limitation per transaction; and
- Real time notification on rejects (BNP Paribas can also offer other notification statuses).
BNP Paribas is delighted to provide EUR instant payment option to all its customers: the launch of SEPA Instant further enhances and complements its already comprehensive cash management offering in Ireland, with innovative products and solutions such as:
- Virtual accounts: Powerful, easy to implement solution to boost payment collection efficiency;
- Liquidity management: Cash concentration capabilities to centralise and release trapped cash;
- SWIFT GPI: real time end-to-end tracking of payments;
- FX+ Payments: seamless international FX payments from a single account in up to 130 currencies; and
- AXEPTA BNP Paribas: innovative solutions to support merchants in their payments strategy and digital transformation.
