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HSBC is among the first international cash management banks to go live with Real-Time Payments (RTP) in Luxembourg.
RTP accelerates cross-border payments by enabling clients to send and receive up to EUR100,000 per transaction between reachable accounts in any of the 36 markets in SEPA – the Single Euro Payment Area.
Nick Ashton, Head of Global Liquidity Cash Management for HSBC in Luxembourg, said: “We are committed to helping our clients do business at pace; instant payments are a key enabler. It will allow our clients to pay and be paid not just in seconds, but around the clock – 24 hours a day, 365 days a year. And, by combining SEPA Instant with our expanding range of Application Programming Interfaces (APIs) for payment initiation, we’re...
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