LHV has joined the UK’s Faster Payments initiative.
LHV is an Estonian banking and financial services company that has recently moved into the UK.
It can now offer real-time payments in sterling.
The bank is already part of the Single Euro Payment Area Instant (“SEPA Instant”) – it’s reportedly the first to be part of both.
What does this mean?
The move marks the ‘official beginning’ of LHV in the UK, having expanded into London in early 2018. The bank works with around 100 FinTechs at present.