EBA calls on PSPs to start planning now to be ready to start implementing OCT Inst in 2026
The EBA Expert Group on Cross-Border Payments (EGXP) calls on PSPs to make themselves reachable via the One-Leg-Out Instant Credit Transfer (OCT Inst) Scheme of the European Payments Council. The group recommends that PSPs begin resource planning with the goal to start implementation in 2026.
In time for EBAday 2025, the EGXP released a sneak preview into the key reasons why OCT should be implemented and an outline of how this should be done.
A detailed white paper will follow after the summer.