Get ready for OCT Inst!
The Euro Banking Association (EBA) and its Expert Group on Cross-Border Payments (EGXP) explain in a new white paper why OCT Inst is a promising approach and give payment service providers (PSPs) in Europe a handbook for how to get started with their own implementation. To meet the targets cost, speed, access and transparency set by the G20 Roadmap by 2027, PSPs should initiate their individual implementation planning immediately and join forces to kick off work on the necessary collaborative deliverables.