[teetertater]

Receiving SEPA is not instant however, it usually takes 24 hrs or longer in case of weekends.

When I lived in Canada I really took e-transfer for granted and was surprised to learn it's not a thing in other places.

[hocuspocus]

The SEPA Instant Credit Transfer rollout has started a few years ago, it's really common today.

But even old school SEPA transfers shouldn't take more than a few hours nowadays, outside weekends and holidays.

[thou234i32434]

All this seems so primitive compared to India's UPI.

[hocuspocus]

It is! To be fair it's easier to build something right when you don't have 20 years of legacy systems that need to keep running. Also, while SEPA covers fewer people, there are 36 countries involved.

I believe https://empsa.org members should eventually be interoperable with UPI, among others.

[rini17]

There's instant SEPA being rolled in, if sender and receiver bank support it.