Euro Sepa Instant Payments (RT1) available through LHV Connect API

03.04.2019

Euro Sepa Instant Payments (RT1) available through LHV Connect API

LHV is excited to announce that Euro Sepa Instant Payments (RT1) are now available through our LHV Connect API.

LHV was one of the founding members behind the SEPA instant payment initiative and we are great believers that this service will constitute a significant improvement to the SEPA scheme and overall payments landscape in Europe. The payment system operates around the clock every day of the year. It supports payment service providers in transferring euro transactions between payment accounts in less than 10 seconds end-to-end, with immediate availability of the payment amount to the beneficiary.

Payments are made as instant payments, whenever possible. Payments of up to 15,000 euros can be made as instant payments to banks that have joined the instant payment system.

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