Crédit Agricole Italia joins SEPA Instant Credit Transfer scheme

Crédit Agricole Italia Banking Group has launched a new instant payments service thanks to the bank payments provider SIA available directly from internet banking and via mobile banking app.

The new service allows the bank clients to make and receive instant credit payments using Nowbanking, while to transfering up to €15,000 per individual transaction (24 hours a day, 365 days a year) in line with the SEPA Instant Credit Transfer scheme of the European Payments Council (EPC).

The Group’s new instant payment service is managed via the innovative SIA EasyWay platform that enables real-time exchange of transactions in a secure and protected manner with EBA Clearing’s RT1 pan-European instant payments infrastructure.

SIA EasyWay was created with the aim of accelerating the process of adoption of instant payments and of all the other SEPA payment and collection instruments by banks and the other European Payment Service Providers (PSP) while minimising investments and simplifying the operative management.

In addition to granting access to EBA Clearing’s RT1 system, the platform is also ready to manage instant payments on TIPS, the new service of the Eurosystem (the ECB and national central banks in the Eurozone) the launch of which is expected by the end of 2018

Filippo Corsaro, head of Product and Customer Marketing at Crédit Agricole Italia Banking Group, said: “Since we are a proximity bank and, at the same time, a Group with an ever increasing digital vocation, we believe that the relationship with our customers is based on the development of innovative products and services that are easy to use even when on the move.

“We are pleased to be able to contribute actively to the spread of this new payment method, both nationally and internationally, and to be among the first Banking Groups to offer Instant Payments to its customers. With the launch of the new service we have completed another piece of our strategic plan, 100% human and 100% digital.”

Roberta Gobbi, director of SIA’s Financial Institutions division, added:”The development of the collaboration with Crédit Agricole Italia represents a further step forward in SIA’s positioning as the technological partner of reference for the main European banking groups in the field of advanced payment services”, said “Italy thus confirms its place among the most dynamic countries in the adoption of instant payments, currently made available by over 1,000 payment service providers present in 12 Eurozone countries”.

Sia provides a range of services for financial institutions, central banks and corporate and private bodies, including the management of electronic cards and digital payments.

Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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